navigate income variability

What Financial Strategies Should Nurses Adopt?

Budgeting is crucial for managing income variability. Creating a budget that accounts for essential expenses and savings can provide a financial cushion during lean periods. Emergency funds are particularly important; setting aside three to six months' worth of expenses can offer security. Nurses should also consider investing in retirement plans and other long-term savings options. Consulting a financial advisor can provide personalized strategies to manage income effectively.

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