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By March 23, 2009 0 Comments

Nursing, the economy.


Close your eyes and imagine this scenario: You have plenty of money to pay the bills each month, an 8 month savings cushion to get you through a rough patch and money set being set aside each month to contribute to your retirement. Are you dreaming or is this your reality? Sadly for many this is far from reality.

Life during the current economic recession can be troublesome. Being a nurse does not mean you’re immune to the ill effects of the present economic condition. Certain nursing divisions and jobs may be downsized or cut out completely as hospitals and other healthcare facilities feel the crunch. Also, there’s the ever present risk of getting injured resulting in the inability to work. But even in this troubled economy, nursing continues to have a silver lining, because there will still be a need for many years to come.

The current state of the economy has proven to be quite the wake up call for many financially. Many families are scrambling due to a loss of income and are finding it very difficult to live the way they were use to. Those in nursing are trying to find overtime hours and picking up extra shifts to compensate for the difference lost. This is only a temporary fix and those working longer will begin to feel what we’ve been talking about around here for the past couple weeks, burnout. So what can you do to prepare you and your family from avoiding situations like this?

There are many measures you can take to help you and your family through a financial crisis. The Center for American Nurses has many financial literacy resources where you can learn how to save for everything from your children’s college fund to your retirement nest egg.

Here are a list of other nursing financial resources.

Nurses Get Realistic Advice from Personal Finance Guru Suze Orman

Financial Tips For Travel Nurses – Why it is Imperative to Save For the Future

Posted in: Nursing, Travel Nursing

About the Author:

Patrick Fuerstenau here. Born in Kentucky, raised in Germany, landed in Nebraska and still here. I've been involved with Marketing and Advertising for over a decade. It all began with an internship at an ad agency in Omaha, followed by a 9 year stint as a graphic artist at the lone major newspaper in Omaha. A friend of mine told me about an opening at her company and said that it was the best gig she's ever had... So I decided to spread my proverbial wings and see what I could do for them and vice versa. So here I am at Medical Solutions as a Marketing Specialist for a great travel nursing company. This by far has been a major blessing in my life. I love the work I get to do just as much as I love the people who make up this fabulous company. I can see myself here for a long time... As long as they'll have me. Now that we've got the career timeline out of the way... Let me tell you a little about who I am. I am oh so passionate about the game of futbol! I've been playing soccer since the age of 8 and am still playing today. If I couldn't at least kick the ball around, I don't know what I would do with myself. I fear getting old. I also have a strong love for the arts... Music, Visual arts, Film, Design... pretty much anything and everything arty. I'm happy go lucky and am always looking to have a good time. Just ask my manager! And I love writing about travel nursing.

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