After gaining a qualification and graduating, many young dental professionals have large education loan debts which loom over their heads. Without proper financial education and management, this can leave early career dental professionals vulnerable to the traps of lifestyle inflation, with some possibly increasing personal debt and experiencing financial stress.
The best remedy to financial stress, one of the worst experiences that someone can face, is effective budgeting. As a disclaimer, the following budgeting information is based on my personal experience as a dentist. If you want professional financial advice, you should consider consulting with a relevant financial or accounting professional appropriate to your individual situation.