While medical school is academically rigorous, the financial pressures are often equally demanding. To maintain wellness during this time, I have found that living within a budget has been crucial. Here, I share some strategies for maintaining wellness after moving for medical school as well as financial considerations to improve financial well-being.
Building a Support Network and Establishing a Routine
One of the first steps I took to maintain wellness was building a strong support network. Uprooting my life and moving away from friends and family was tough, especially for my wife and me. Being alone in a new city without familiar faces can feel overwhelming but finding a community can make all the difference. While classmates are an obvious source of friendship, I discovered that there are many other ways to connect with people, including volunteer groups, religious organizations, and clubs. No matter where you are, you can use your interests and values to find like-minded individuals to build a network of friends. This sense of community has been invaluable in maintaining our mental and emotional well-being.
As a former engineering student, transitioning to medical school topics required a significant shift in my study habits. Developing a structured routine has been key to managing the intense workload. By establishing consistent study, sleep, and exercise routines, I’ve been able to maintain balance in my life and reduce the risk of burnout. A solid routine not only helps with academic performance but also supports mental health. Having a plan each day provides a sense of control, which is vital in a demanding environment like medical school. Regular exercise has also been a great stress reliever, while consistent sleep patterns have ensured that I am well-rested and ready to tackle each day.
Living Within a Budget
Perhaps the most stressful aspect of medical school is managing rising costs on a low income. However, I’ve found that living within a budget has significantly reduced my stress and maintained my well-being. Here are a few strategies that have worked for my wife and me:
1. Housing and Transportation:
Housing is often the biggest expense for medical students. My wife and I chose to live within walking distance of campus, which has been a game-changer. This decision eliminated the need for a second car and reduced transportation costs, saving us several thousand dollars. Since it’s just the two of us, we opted for a modestly sized rental instead of purchasing a home, as we felt it offered more flexibility during medical school. Additionally, renting made sense given our low income, as it involved less financial risk. We considered factors such as location, size, safety, cost, amenities, and public reviews when choosing where to live. We also reached out to medical students attending our future institution for recommendations on apartment complexes, and that was instrumental in selecting a place with good management. By carefully evaluating our priorities and options, we’ve been able to meet our needs while keeping expenses manageable. In the end, we’re paying for what matters to us without the burden of unnecessary costs.
2. Food and Meal Planning:
Food is another essential cost, but it can vary widely depending on lifestyle choices. We’ve decided to cook most of our meals at home, which has saved us over $3,000 annually. Cooking at home not only reduces our expenses but also allows us to eat healthier and spend quality time together. Sharing meals after long days has been a great way to reconnect and support each other.
3. Scholarships and Financial Aid:
Exploring financial aid opportunities has been crucial in managing our budget. For example, I discovered the Franklin Lindsay Student Aid Fund through a friend. This Texas-based program offers up to $12,000 per year in a fixed-interest loan at 2%, which is significantly lower than the typical 7% rate. When I first heard about it, I thought it was too good to be true! To ensure its legitimacy, I researched the nonprofit and reviewed its government filings. It's important not to let good opportunities pass by, but always do your research to understand the requirements and verify their credibility. While this particular fund may not be available to all medical students, seeking out and utilizing similar programs can save you thousands of dollars over the course of your education. Contact your school’s financial aid office, talk to upperclassmen, or search online to uncover scholarships, grants, or low-interest loan programs that can reduce financial stress and improve your overall well-being.
Conclusion
Maintaining wellness in medical school is about more than just academic success; it’s about creating a sustainable lifestyle that supports your mental, emotional, and financial well-being. By building a support network, establishing a routine, and living within a budget, you can navigate the challenges of medical school smoothly. Financial well-being plays a crucial role in overall wellness, and by taking proactive steps to manage your finances, you can reduce stress and focus on what truly matters – becoming the best doctor you can be. I hope my journey inspires many to find their path to financial well-being while maintaining a healthy, balanced life.
Author Bio: Colin Smith is a medical student at the Long School of Medicine in San Antonio. Originally from Utah, he relocated to Texas with his spouse to begin his medical education. He graduated with a BS in Chemical Engineering from BYU, and outside of medicine, he enjoys singing in a community choir and playing a round of golf.