title: Personal finances of urology residents in Canada.
abstract: OBJECTIVE
  We examined how Urology residents in Canada manage their personal finances.
  
  
  METHODS
  A survey instrument was designed to elicit information on demographics, expenses, savings and incomes. The questionnaire was completed by 40 Urology residents attending the 2000 Queen's Urology Exam Skills Training (QUEST) program.
  
  
  RESULTS
  Twenty-eight residents (70%) had educational debt (median debt $50 000). Seventeen residents (45%) paid credit card interest charges within the last year. Four residents (10%) maintained an unpaid credit card balance > $7500 at 17% annual interest rate. Twenty-six residents (67%) contributed to Registered Retirement Savings Program (RRSP) accounts. Seventeen residents (44%) contributed to non-RRSP retirement accounts. Nineteen residents (50%) budgeted expenses. Median resident income was $45 000. Thirteen residents (34%) had cash reserves < $250.
  
  
  CONCLUSIONS
  Many residents save little, and incur substantial debt over and above educational loans. Many residents would benefit from instruction concerning prudent financial management. Residents should be informed of the consequences of low saving and high debt.
authors.affiliation: University of Texas Health Science Center, San Antonio, TX 78229-3900, USA.
authors.forename: J M
authors.initials: JM
authors.lastname: Teichman
authors.forename: W
authors.initials: W
authors.lastname: Tongco
authors.forename: A E
authors.initials: AE
authors.lastname: MacNeily
authors.forename: M
authors.initials: M
authors.lastname: Smart
mesh_terms: D000328:Adult; D002170:Canada; D003710:Demography; D004503:Education, Medical, Graduate / Q000191:economics*; D005260:Female; D005382:Financing, Personal / Q000379:methods* / Q000706:statistics & numerical data; D006801:Humans; D007182:Income; D007396:Internship and Residency / Q000191:economics*; D008297:Male; D011795:Surveys and Questionnaires; D014146:Training Support / Q000191:economics; D014572:Urology / Q000193:education*