Tax Cuts? Why Not Raise Your “Taxes” Instead?

Donald Trump and Congressional Republicans recently released their long-anticipated tax bill, which offers tax cuts for the majority of Americans. I'm sure you are reading...

Health Savings Account (HSA) or Healthcare Flexible Savings Account (FSA)?

November is open enrollment season, and many physicians and residents are mulling over their health insurance options for the upcoming year. One of the major...

Save Money On Childcare With The Dependent Care Flexible Savings Account (FSA)

For many families, childcare is a major part of their household budgets. Some families spend several thousand dollars a month on childcare, depending on...

The Status Quo Bias in Personal Finance and Investing

For decades, economics and finance relied on a central assumption for its theories: that people acted in a rational manner. Most people knew that this...

The High Cost of Living In A HCOL Region

When I worked on Wall Street, I lived in the Financial District neighborhood on the southern tip of Manhattan. The Financial District is actually...

Psychology Versus Math In Personal Finance

Many personal finance questions boil down to a decision between psychology and math. When deciding between two options, you can run the numbers and...

Is It Better To Use Cash Or Credit Cards For Purchases?

I put almost all of my purchases on my credit card. I use plastic even for tiny sub-$5 purchases. It’s convenient, I don’t have...

Ten Tips To Save Big Money On Residency Interviews

Applying for residencies is extraordinarily expensive. A major contributor to the expense of applying for residency is the cost of traveling for interviews. Unlike...

Aldi: Should You Shop At The Discount Grocer?

Founded in Germany, Aldi is taking America by storm by offering a great (but minimalist) shopping experience with lower prices than the regular supermarket....

The Child Tax Credit For Medical Residents

Many resident physicians will have children during residency, and you should be sure to get the tax credits and deductions you deserve for your...