Medics Money podcast
TRIAGE: Cornerstones of Financial Wellbeing You Might Have Missed
Jun 13, 2024
Learn about essential financial advice for medical professionals, budgeting, debt management, and wealth building strategies. Discover the importance of NHS pension and managing it effectively, government support, student loan challenges, investing, and clinical documentation burden. Explore graduate tax, student loan repayment terms, and resources like the Medics Money Financial Wellbeing Course.
20:00
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Quick takeaways
- Keep important financial documents safe for tasks like mortgage applications and check payslips regularly for errors.
- Prioritize repayment of bad debt like high-interest credit card debt and utilize 'pay yourself first' approach for effective debt management.
Deep dives
Financial Wellbeing Tips for New Doctors
Newly qualified doctors are advised to keep important financial documents like payslips, P60, and P45 safe as these are necessary for various financial tasks like applying for a mortgage. Keeping receipts for professional expenses allows claiming tax back. It's crucial to check payslips regularly for errors, especially as job roles change.
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