Let’s be honest: even though we are underpaid for what we’re doing (#fact), we must admit that we make a decent amount of money. In Canada, a registered nurse makes on average: 50,000$ per year. That excludes the OT and premiums. Even if these numbers differ across the board and the globe itself, we must say that our salary is “OK,” meaning it’s enough to put food on the table, clothes on our back and have a place to live.
Some nurses are living the big life: big vacations twice a year, buying brand name bags, nice car, nice clothes etc. Others are more frugal: they wont spend a dime unnecessarily. I consider myself to be in the middle: I enjoy my vacations, and my MK bags or Guess watches from time to time, but I also make sure I save a decent amount of money on every paycheck.
In the past, after I paid my bills, and a part of my loans, I’d put the rest in a savings account. But I would always have to take some of it back, usually by the end of the 2nd week living off that paycheck. I was broke, while pretending I was a money saver!
Speaking to a lot of colleagues in the hospital, I realized I was not the only one struggling and living from paycheck to paycheck. Heck, even some MDs were having a hard time paying their school loans! And that’s when I realized our education did not prepare us for the financial world…
No matter how much you make, if you don’t learn how to manage your money properly, you will always feel broke.
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