I’m pretty sure that the first thing most new dental school and resident grads do when they get their first paycheck is go down to the dealership and buy a new car. And why not? After all, most of you have been slaving away, living on loans or the meager salary of a resident which is barely enough to cover your loan payments and rent. So here you are, finally ready to buy the car you have been thinking about for 7 years. Hopefully this article will help you get a better deal. In addition to getting a good deal, my hope is that this article will help you think through the steps involved with a large purchase.
We all love to spend money during the holidays. Between holiday parties, gifts for our families and friends and a little extra for those who provide services throughout the year, the holiday expenditures add up fast! While holiday expenses add up, it is a good time to remember some budget-friendly tips that can be used year-round…
If you were at the NLC last month, you saw my colleague, Steve Swan, speak about debt management. As a refresher, we will go through some of your options for student loan repayment here. The following are the four most common methods for managing student loan debt upon graduating from dental school…
Happy October! The purpose of this month’s post is to serve as a single source for some useful online tools to help simplify some of life’s financial decisions. We have not revisited this topic in a while.
Next month, some of us will meet at the National Leadership Conference in Chicago. We will talk about student debt, interest rates and options for managing your debt. Because dental school tuition costs have been on the significant rise in recent years, more students than ever are graduating with very high amounts of debt. While standard ten year repayment is still the primary option for those in repayment, other options are gaining appeal. These include income based repayment and refinancing. We will discuss the options available when you graduate and which options make sense in different circumstances.
What are some questions that you would like addressed during this session?
Welcome to Life Hacks Week! This week is filled with tips, tricks and hacks to get you through dental school. Whether it’s your first or fourth year of dental school, we hope you will find something in these posts to help you succeed. This is our back-to-school gift to you! So pull out a number 2 pencil and a college ruled notebook and let’s get to it.
As a follow-up to last month’s Money Monday post about credit card myths, we will focus on the topic of credit scores. We last discussed this back in 2013 so it is time for a re-visit! Last month, we mentioned that utilization, or your statement balance as a percentage of your total available credit, is one element of your credit score. What are the other elements and why are they important?