Budget slice, May 15-June15

This last 30 days I spent:

1. Only $53.61 on eating out, miscellaneous drinks and muffins. Still a lot?
2. Yoga: $33.06. Best $33.06 ever spent.
3. Postage: $11.52.

Total spent: $98.19.

Income:
$462.13 from our stipend.

Net income: $363.23.

Not too bad!

Current bank account: $908.10.
$91.90 away from saving the $1000 extra fund goal I had for August!

Expected expenses rest of June - end of August:
$130 book recall
$200 plane ticket to Boston
$100 other misc expenses
$100 phone bill
=$530

Expected income rest of June - end of August:
$924.26 stipend

= will net $394.26 extra, putting me definitely over the $1000 mark.

Ahh, such is the savings life of a med student.

Being rich rather than getting rich

For the first time, I'm quite content with knowing I'll graduate with $60,000 of debt.

Not stressed, not feeling out of control - content.

I've been in a constant worry cycle over the past 2 years, feeling out of control over my life, my career, my finances, everything. But I'm finally able to say that I feel like things are working out.

So bring it on, debt. If it means not becoming a millionaire right until I'm 40, so be it.

How expensive is med school?

WOW!

I just saw a University of Toronto Medicine financial aid webinar out of interest here.

This is a typical budget for Year 1 of the MD program.

Tuition and fees $20,386.00
Books $1740.00
Accommodation/Food $9580.00
Other $7160.00

Total Year 1: $38,866.00

How is this possible? Who would pay that much? And what the heck is this other that students are spending $7160.00 on?

I'm in year 3 of my MD program, and my yearly expenses run at around $20,000 total. And $15,000 of that is my tuition.


The other thing is that average graduation debt for the class of 2010 is $88,000.

This is pretty average for my school as well ($80,000).

Still dumbfounded.