Word from the Wards: Residents discuss their financial worries

“Residents are expected to work hard and not seem concerned with finances with the assumption that when you graduate you’ll be financially stable. As a result, there is no effort to educate residents about even basic financial concepts—the only place I’ve gotten that kind of information is CIR.”  Phillip Murray, PGY 3 Psychiatry, Cambridge Hospital

“It’s really hard to balance loans—we have a lot of debt. The constraints with time and money are really different for residents; when it comes to buying a home, mortgages, paying into equity early is important. As residents we’re taking a different course and that’s a concession we make.” Kurtis Kaminishi, PGY 3 Psychiatry, LAC+USC

“One of my greatest concerns is obtaining financial security without compromising my career and life goals.”
Charmi Shah, PGY 1, Family Medicine VCME, Modesto, CA

 

Did you like this? Share it:

Comments are closed.