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  • Savings Strategies for Residents

Savings Strategies for Residents

As a resident, building your savings may seem challenging but there are several strategies you can adopt early to keep tracking towards your goals. From budgeting to saving for an emergency, explore more ways to keep your savings on track during residency.

5 Resources

1.
A doctor creating a budget by using a calculator and notebook.

Budgeting 101 for Physicians

For physicians, a 50/30/20 budget can help you track toward your goals.

8 min read

Read
2.
Doctor holding a white piggybank at the hospital.

Why Residents and Early Attendings Need to Budget

Whether you’ve finally reached an attending physician salary or are still getting by on your resident salary, it’s only human...

18 min read

Read
3.
Smiling mature doctor talking to woman in hospital

How Much Doctors Should Save for an Emergency Fund

As a doctor, you may often hear reminders to check up on your mental and physical health. But what about your financial health and well-being? Explore...

14 min read

Read
4.
Rich couple making a toast with champagne glasses while eating canapes aboard a private jet.

What Every Medical Resident Needs to Know About Lifestyle Creep

Lifestyle creep is when higher income leads to higher discretionary spending — in other words: the more you make, the more you spend on experiences...

9 min read

Read
5.
Stethoscope sitting on charts and a notebook.

The Five Basics of Financial Success for Physicians

Financial success starts with making good choices. Whether you’re in your first year of residency or are an established attending,...

6 min read

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