Budgeting & Financial Planning

Insurance article cover

Four Insurance Tips Every Doctor Should Know

Four Insurance Tips Every Doctor Should Know The past couple of years have left many of us with anxiety, fear and doubt. These trying times have helped many realize the importance of being prepared for unforeseen circumstances. Insurance is one of the most concrete ways to help yourself and your family be ready, no matter …

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Loan Payoff Statement

Follow This Three-Step Process to Obtain Your Loan Payoff Statement

Obtaining your loan payoff statement is a necessary step to refinance your student loans. It can be a hassle, so we’ve simplified the steps to make it as easy as possible. First, you will need to determine your current student loan servicers. Then you’ll need to understand what’s in a loan payoff statement to ensure …

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Personal Loan

What Can I Use a PRN Personal Loan For?

What Can I Use a PRN Personal Loan For? Becoming a medical professional such as a physician, dentist, or veterinarian is an extremely rewarding career path. But it can also be financially draining as you complete your schooling and transition into residencies and fellowships for several years. While the long-term earning potential is high, the …

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medical school loans

Biden Extends the Student Loan Payment Pause: What This Means for Your Medical and Dental School Loans

Just the facts The automatic deferment of federal student loan payments with 0% interest is now set to end May 1, 2022. This pause on payments applies only to federal student loans, including most medical and dental school loans. It is unclear if this pause will be extended again past the May 1, 2022. Even …

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Medical resident salaries

How Much Do You Make in Medical Residency?

How Much Do You Make in Medical Residency? Once you finish medical school, it’s time to embark on the next phase of your career: medical residency. This hands-on experience is a graduate-level step towards becoming a full medical professional with a license to practice. The length of your residency depends on your specialization. Expect to …

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Life insurance for doctors

Why Should I Purchase Disability or Life Insurance as a Medical Student, Resident/Fellow or Physician?

A PRN loan is a personal loan tailored to medical professionals Fourth-year med students, residents and attendings are eligible Use the money to pay for interviews, exam fees and relocation A PRN personal loan gives you access to money when you need it most. Just as the name suggests, a PRN loan — pro re nata or …

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financial planning tips

Practical Financial Planning Tips for Residents and Fellows

You are busy as a resident or fellow and you need a fast, practical approach to getting your finances under control while still allowing you to enjoy life. You should use a budget and a way to track your spending, and it’s important to keep that as simple as possible. When done right, consolidation and …

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