More are slowly being drained by consuming: how to cut down
How to reduce expenses As students we have been consuming and accumulating debt. Some of us have upwards of 300k of debt. People that have completed a different path will have started to earn sooner contributing to wealth building and they probably have less debt. Once we complete medical school granted we have been able to secure a residency position we actually start to earn an income. I would highly recommend maximizing your retirement account and moonlighting during residency if you are in good standing. Most residents earn about 40k to 60k depending on specialty. With call and other obligations this is about $20 an hour. You are cheap labor for a facility and the government pays for it in the United States. In order to reduce expenses you must identify and track your spending. Credit cards make this more challenging because it is not the same as handing over…