Financial Planning for the New Nurse
What you will learn
Understand the importance of financial education for nursing students & the significance of finances in their transition from student nurses to working nurses
Learn the basics of budgeting, including creating a budget plan, tracking expenses, & utilizing tips and tricks to save money.
Set financial goals that align with their priorities, such as paying off student loans or saving for retirement.
Learn to allocate income wisely, including setting aside money for savings, retirement, and emergencies, as well as nursing-specific expenses (i.e. insurance).
Description
This course is designed specifically for nursing students about to graduate and new working nurses. As you prepare to embark on your nursing career, it is important to understand the financial changes that you will encounter and how to manage them effectively. This course will provide you with the knowledge and skills you need to navigate the financial seas ahead.
We will begin by exploring why financial education is crucial for nursing students before graduation. You will learn how the transition from student nurse to working nurse can bring significant financial changes, and how to identify and manage them. We will also cover effective budgeting techniques that will help you create and manage your budget as a working nurse.
In addition, we will delve into the importance of setting financial goals and developing strategies to prioritize and pay off debt effectively. We will also provide guidance on how to align your nursing specialty with your job search to find positions that match your interests and skills.
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To help you establish a budget for essential expenses, you will learn about the concept of after-tax pay and how to allocate income wisely. This includes setting aside money for savings, retirement, and emergencies.
Finally, we will explore strategies for handling discretionary spending, such as entertainment and dining out, within a budget. With a pinch of humor and real-world scenarios woven throughout the course, you will be equipped with a unique fusion of financial wisdom and nursing vernacular that will empower you to make informed financial decisions as you launch your nursing career.
