Written by: Corey Janoff
Finance Tips for Residents
Get your pen and paper ready! In today’s episode of Financial Clarity for Doctors, Corey and Rachelle run through various tips for those of you getting by on a trainee’s salary (or maybe even student loans). You may not be able to make huge strides toward your financial goals before you get that big bump in salary, but you can absolutely put yourself in a good position to hit the ground running when you do.
In this episode, you’ll find tips on:
- Managing your month-to-month budget
- Figuring out what to do with student loans
- When to look into disability and life insurance
- Renting vs buying on a resident salary
- How much to save and where
Bottom line, live within your means! And then manage your debt and save as well as you can.
For more financial planning tips from Corey and Rachelle, find them on social media!
LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance