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Hi r/personalfinance,

I’m a final year med student and will start working in hospital in 6-7 months. Throughout medical school, I have relied on my parents for finance and due to this, haven’t had to budget enormously. I was getting just about enough monthly and it was sufficient. But I am aware that once you start working, things get different.

For my first month, my parents will assist me with finance but once I get my first payslip, they will slowly stop supporting me (as expected).

So I was just wondering whether anyone has tips and advice regarding planning and budgeting to do as a first-time earner that would be beneficial and healthy in terms of finance and for the future as well.

For the record, I’m in the UK and will be earning around £23,000 (very rough figure) per annum for my first year of working.

Thank you!



Submitted December 21, 2017 at 04:28AM by MisterMagnificent01 http://ift.tt/2BVJvjB

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