It’s a fact of life: you need money to pay expenses that allow you to live comfortably. When you’re attending school, you may use your financial aid as your “income” and, therefore, you will want to manage that money wisely. The less money you borrow now, the less money you will need to repay—including interest—after graduation.
You and your spouse are investing a significant amount of time, energy, and money into … Read more
Aside from long hours and lots of studying, the other guarantee in medical school is financial stress. Unless you are fortunate enough to have a spouse whose medical education is paid for and you have funds from family or a job that will cover both of your living expenses, you’ll be on a tight budget and accumulating massive amounts of debt. That debt will be large enough to change your financial planning and lifestyle both now and for years to come.
So how do we put ourselves in the best financial position now and plan for the future? And how do we still enjoy life now during these lean years? It’s worth it to start talking about finances now!