Ep 336: Budgeting, Investing & Surviving Your New Rotation

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Starting a new rotation, or FY1, is exciting, overwhelming, new payslips, and filled with a whole lot of new questions. In this episode, freshly qualified Dr. Sanay Goyal sits down with chartered accountant (and doctor!) Cyra from Medics' Money to break down exactly what every new FY1 needs to know before hitting the wards.

From budgeting your first "grown-up" payslip and building an emergency fund, to understanding ISAs, Lifetime ISAs, and how to make your money work as hard as you do — this is the financial survival guide every new doctor needs as they rotate into their first placements.

Whether you're heading into your very first rotation or just trying to get your finances sorted before day one, this episode is packed with practical tips to set you up for success.

In this episode:

• Budgeting tips for your first NHS payslip
• Building an emergency fund before you start investing
• A breakdown of Cash ISAs, Stocks & Shares ISAs, and Lifetime ISAs
• Why saving habits matter most as you head into new rotations

Congratulations to all the new FY1s starting this year — welcome to the profession!

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Disclaimer:

The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

Mentioned in this episode:

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