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- Sep 19, 2014
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Current dental student here, advising all of you without family backing to save as much money as you can before you start school. I'm a non-traditional student so I was able to save a good amount. As a result I have a car I paid for and a few other nice things, but...it still sucks being poor.
Here's why...
1. Half of your classmates will be from solidly upper / upper middle class families, and a lot of those with (multiple) family members who are doctors or dentists. They will drive nice cars their parents bought them. They will live in ridiculous houses and private apartments that their parents cover the rent for or even flat out BOUGHT for them. Some of these people will be, as you might expect, huge douchebags with zero self-awareness, while others will be very nice and mature. But either way, if you grew up in a trailer park, good luck relating to your classmates and their family vacations to Europe. You might have a good deal in common with the average person off the street, but you're not gonna have much in common with a lot of dental students. You can make friends, sure, but it's gonna be an effort.
2. The other 40% will be solidly well-off to middle class, but THINK they're poor af. This group might bother you even more then the clearly rich ones. People who's parents bought them a car will complain about how expensive it is to have a car. People without a car -- but who's parents pay for everything else -- will whine about no car. People with a family safety net choosing to be frugal -- but who COULD spend more and sometimes DO spend more -- will think choosing to be cheap is the same as a forced cheap lifestyle. Basically, you will have to listen to people constantly complain about having no money even though they're getting help or they made the conscious choice not to max their loans (lmao at "choice") Still, if you want to have friends, you're gonna have to listen to a lot of this.
3. Buying loupes and other things not in the budget will stress you out. Nice loupes cost a lot. Some school supplies / test fees aren't in the budget. This is when the "OMG I'm so poor" group will remember their parents. When these situations come around, sometimes you just have to close your eyes and put it on your credit card even though you KNOW it's kind of a ****ty financial decision.
4. Volunteer trips, school trips, some externships, etc. Everyone you hang out with is going on a trip to central America for a week? Well, too bad. You're probably not going unless you've had it in the budget for the last 6 months or are -- again -- willing to just look the other way and put it on a credit card.
5. You will be forced to make poor long term financial decisions out of necessity. Maxing loans and using credit cards you don't immediately pay off is not a good plan. Everybody knows that. But if you want to have money to cover anything not in the budget and not live on ramen 24-7, you will likely have to bite the bullet depending on how expensive your city is. This will put you a little behind out of the gate when you graduate.
6. You will have to choose a dental school based on not only cost of the school, but cost of living where the school is. School loans isn't likely to cover the cost of living in New York / San Francisco unless you live in a cardboard box. I got into UCSF. I was excited. Then I looked up housing costs in San Francisco. Yeah sure, I probably could have made it work if I had wanted it enough and dealt with some weird commute / living situation but... I chose my sanity and went with a school in a more affordable city.
tldr - Almost everybody will have more money than you, even if they think they don't. Save your cash and try to make the best financial decisions you can, even though sometimes circumstances (and a desire to stay sane) will push into some poor ones.
And lastly, if you're lucky enough to have gotten into dental school, everyone is going to think you're rich or at least will be, so... Yeah, it's likely nobody with more permanent financial problems is gonna care about your temporary ones. lol
Here's why...
1. Half of your classmates will be from solidly upper / upper middle class families, and a lot of those with (multiple) family members who are doctors or dentists. They will drive nice cars their parents bought them. They will live in ridiculous houses and private apartments that their parents cover the rent for or even flat out BOUGHT for them. Some of these people will be, as you might expect, huge douchebags with zero self-awareness, while others will be very nice and mature. But either way, if you grew up in a trailer park, good luck relating to your classmates and their family vacations to Europe. You might have a good deal in common with the average person off the street, but you're not gonna have much in common with a lot of dental students. You can make friends, sure, but it's gonna be an effort.
2. The other 40% will be solidly well-off to middle class, but THINK they're poor af. This group might bother you even more then the clearly rich ones. People who's parents bought them a car will complain about how expensive it is to have a car. People without a car -- but who's parents pay for everything else -- will whine about no car. People with a family safety net choosing to be frugal -- but who COULD spend more and sometimes DO spend more -- will think choosing to be cheap is the same as a forced cheap lifestyle. Basically, you will have to listen to people constantly complain about having no money even though they're getting help or they made the conscious choice not to max their loans (lmao at "choice") Still, if you want to have friends, you're gonna have to listen to a lot of this.
3. Buying loupes and other things not in the budget will stress you out. Nice loupes cost a lot. Some school supplies / test fees aren't in the budget. This is when the "OMG I'm so poor" group will remember their parents. When these situations come around, sometimes you just have to close your eyes and put it on your credit card even though you KNOW it's kind of a ****ty financial decision.
4. Volunteer trips, school trips, some externships, etc. Everyone you hang out with is going on a trip to central America for a week? Well, too bad. You're probably not going unless you've had it in the budget for the last 6 months or are -- again -- willing to just look the other way and put it on a credit card.
5. You will be forced to make poor long term financial decisions out of necessity. Maxing loans and using credit cards you don't immediately pay off is not a good plan. Everybody knows that. But if you want to have money to cover anything not in the budget and not live on ramen 24-7, you will likely have to bite the bullet depending on how expensive your city is. This will put you a little behind out of the gate when you graduate.
6. You will have to choose a dental school based on not only cost of the school, but cost of living where the school is. School loans isn't likely to cover the cost of living in New York / San Francisco unless you live in a cardboard box. I got into UCSF. I was excited. Then I looked up housing costs in San Francisco. Yeah sure, I probably could have made it work if I had wanted it enough and dealt with some weird commute / living situation but... I chose my sanity and went with a school in a more affordable city.
tldr - Almost everybody will have more money than you, even if they think they don't. Save your cash and try to make the best financial decisions you can, even though sometimes circumstances (and a desire to stay sane) will push into some poor ones.
And lastly, if you're lucky enough to have gotten into dental school, everyone is going to think you're rich or at least will be, so... Yeah, it's likely nobody with more permanent financial problems is gonna care about your temporary ones. lol