What are the Common Financial Challenges for Nurses?
Nurses may face several financial challenges, including:
1. Student Loans: Many nurses graduate with significant student loan debt. Loan repayment plans and forgiveness programs can help manage this burden. 2. Work-Life Balance: Balancing work and personal life can be tough, leading to additional expenses like childcare or eldercare. 3. Healthcare Costs: Despite working in healthcare, nurses may still face high out-of-pocket medical expenses. 4. Variable Income: Nurses who work per diem or on a contract basis may have irregular income, making budgeting more difficult.
