During the early stages of Junior Doctors' careers, their main focus is to move from their current financial situation which in many scenarios is one of being in debt, into a more financially secure and stable situation.
Through a robust, open and working relationship with Junior Doctors I have helped them to achieve this through the process of understanding their future financial requirements by creating and sustaining good habits and planning for the future.
Below are some of the areas in which I have helped Junior Doctors just like you:-
Through ongoing engagements I have been able help medics and their families carefully account for their current and future spending habits aiming to make them not only financially secure but allowing them to assess the levels of their monthly disposable income.
By performing this exercise it helps you to achieve your current and future financial goals as well as enhancing your continued financial security.
Sounds much easier that it actually is. Debts need to be looked at on an individual basis to understand the real value and real cost of these debts. Through careful reviews and understanding of these debts, we can work towards reducing your financial debt whilst keeping your financial goals in sight.
Income and Career Protection Insurances
Through constant dialogue with Junior Doctors they have informed me that this is a necessity within the industry but just like in the Private sector it is not something that is regularly reviewed.
Through ongoing engagements with my clients I am able to ensure that what they have in place, is not only fit for purpose but affordable and relevant to their current and future circumstances so that they benefit from it as and when necessary.
Junior Doctors generally have two aims in mind with regards to regular savings. One is for a mortgage deposit and the other is an emergency fund to ensure that unexpected bills are paid for and no unnecessary debt is built up on Credit Cards or Loans etc.
Through working with Junior Doctors and by helping them to achieve good habits on saving, this has allowed a great many of them to achieve the ability of buying their first home in order to stop renting and paying someone else’s mortgage.
In many cases you will need 10% of the property value as a deposit which is likely to be at least £10,000 if not much more.