Financial Wellness

Financial Wellness Curriculum

In 2020, the WELL Office revisited the financial wellness sessions by collecting feedback from students and comparing financial literacy trainings offered at other Canadian Medical schools, such as University of Toronto, and University of Ottawa.

Every year of the MDCM program, one financial wellness session is integrated into the curriculum. All financial wellness sessions are given by conflict of interest-free physicians. In addition to those sessions, we have created a list of resources for self-directed learning.

Self-Directed Learning

Financial Counselling 

Take advantage of the SSAO's financial counselling program! Meetings with an advisor can answer general questions related to budget and debt management, as well as specific counselling on personal financial requirements. You may book an appointment with an advisor by calling 514-398-6013 or emailing  student.aid [at] mcgill.ca


Financial Planning 

  • Scholarships and Student Aid Office: Find all the resources and advice you need to help pay for university, from step-by-step guides on how to apply for funding to information on how to budget effectively
  • The Frugal Scholar MDCM Toolkit can be found under Your Finances on the McGill's Scholarships and Student Aid Office
  • Visit the Office of Admissions website for a list of Tuition & Fees


Tips on Financial Planning 

Disability Insurance

  • Obtaining disability insurance early on in your training is a wise investment. Consider looking into different insurers and select the best plan for you.
  • Preparing for Residency: Disability Insurance Simplified by Dr. Stephanie Zhou MD, MSc, University of Toronto
     

McGill Financial Literacy Trainings Online


Podcasts:


Articles:


Social Media

Financial Concerns

The Well Office is pleased provide guidance in all other areas of financial decision making, which includes (but is not limited to):

  • Gaining control of spending habits
  • Resolving feelings of anxiety about money
  • Developing goals to make dreams a reality
  • Resolving emotional ties between bank balance and personal values
  • Identifying feelings of loss, anger, shame, sadness, and anxiety regarding past financial decisions
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