Thursday, July 12, 2012

Current budget outlook

It's time for a wrap-up of where I stand financially, in the waning months of my 25th year.  

Warning: These numbers below make it pretty obvious that I am not a professional accountant and do not do accountant-speak. But I am very much aware of my money nonetheless. 

Current debt: -$35,000 
Current bank accounts combined: $6300
Accounts receivable: ($1400 conference, $1000 summer job) = $2400
Still to spend: About $1300 on travel (in my defense this will be to about 6 countries) 

Coming year's expenses: $15,700 in tuition, basically no living expenses (thanks mom, international organizations and government!)
Coming year's income: $3000 bursary, lots of travel assistance, and maybe, just maybe, funding for a development project that would also net me a month of real-world income. 

Projected debt in May 2013: -$41,500. 

Oh, if I could graduate with loans in the $30ks! It sounds like a fantastic dream right now and would make my post-graduation life significantly easier. Because regardless of what else I do, I'm going to pay off my loans in my first year post-graduation, and netting a job with worst-case-scenario $50k starting salary would be much easier to handle if I had $20k living expenses to work with. Of course I would love to be worth at least $100k, since I have lots of work experience, a top-tier MD and an Ivy league master's degree. But we'll see. 

Ten months until I graduate from medical school. I can see the end in sight! 

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