How can you save money while in residency?

Saving money as a medical resident may sound unrealistic. After all, you just spent years studying as a pre-med and then a medical student and took out loans worth $100,000.00+ more or less.

If you’re lucky, maybe someone sponsored or paid for your education, or got a good-paying job that fit your schedule in med school. But in a lot of cases, you’re probably staring at a big bill and thinking about a lot of hard work you have to put moving forward.

Nobody is a pre-med, a med student or a doctor 24/7. You have a life, where you aspire to have financial stability, buy a house or a car, to be with a partner and maybe even have kids, or at least get the latest LeBron merch. But to do any of that, you need to learn how to save money.

So, in this latest TMJ Short, I talk about how you can start saving even during residency. I also share my own experience that has helped me move forward with my financial goals, with a strategy that requires you to think backwards. (edited)

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