![]() ![]() However, no matter what method you choose, there are three key steps to follow:ģ. You can even access FIRST’s basic budget worksheet and other budgeting resources and fact sheets from the FIRST website. You may choose to use an Excel worksheet, an online software program, or financial literacy websites, like the AAMC Financial Wellness program. There are many free tools to help you create your budget. As a good rule of thumb, you should only borrow what you need. For example, a budget can be helpful to have when determining the amount of student loans you may need to borrow (and repay in the future). If you carefully budget all of your expenses before entering medical school, you will have a better picture of what you need to do to prepare yourself financially while in school. ![]() Getting your finances in order and starting a budget (or a spending plan) gives you some assurance in knowing how much money you have coming in, how much money you have going out, and what you have to spend on a monthly basis. Training Opportunities for Residents and Fellowsīudgeting can be a difficult task, but it also can be valuable as you prepare for medical school. ![]()
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