mindfulness, planning, and satisfaction with current and future financial situations and goals
Why is it Important?
Greater financial stress was associated with increased anxiety, depression, stress, and alcohol dependence in students.12
In medical students, perception/worrying about debt rather than the debt itself was associated with poorer academic performance.13
Information and Resources
The Office of Student Financial Services is an excellent resource for financial questions related to medical school.
Med Student Money is a financial blog written by Jose Espada.
WhiteCoatInvestor.com has some financial information and advice specifically tailored towards health care professionals.
Mint is a free, secure resource for creating budgets and organizing your finances.
The AAMC provides students with suggestions and resources regarding finances in medical school.
Recommendations/Reflections
- Create and stick to a monthly budget by tracking expenditures.
- Consider buying generic rather than brand name items.
- Research and consider low-maintenance investment opportunities.