NEW Personal Financial Planning tool from AVMA!

Student AVMA members, it is time to get excited! The AVMA has created a brand new online tool, targeted specifically for AVMA members to assist with financial planning. Student loans are a hot topic amongst veterinary students and especially those recent graduates who are beginning their loan repayments. The AVMA Personal Financial Planning (PFP) tool has taken the headache out of financial planning! It gives you an easy way to organize your finances, while also taking into account the specific budget concerns of veterinarians. Now it’s possible to plan for not only your current expenses, but also your long term financial and career goals. This tool makes it easy for anyone to set up a budget, walking you through the essential steps for set up in no time at all.

As students, we need to think of the future, loan repayment, and retirement planning. This tool makes it easy to start now while sitting at home on your computer. It doesn’t involve going to a financial planner, it involves you at home inputting your own information, getting feedback as soon as you click “submit”.  For students, the scenario mode is especially applicable. You can see how your budget would change based on income level and amount of debt. The folks at AVMA have made the PFP very user friendly for us, and have gone above and beyond with even more advanced financial planning tools at your disposal. A few of the extras that SAVMA students can utilize include a veterinary salary calculator, cost of living comparisons, rent or buy calculator, credit card calculator, automobile cost of ownership, and tips on how to stand out in your new job. They have really listened to the concerns of students and practitioners alike and delivered something great!

As SAVMA members we are fortunate to have access to this wonderful financial planning tool as part of our yearly membership. It can be accessed using your SAVMA ID at avma.org/mybudget.