If you just graduated from nursing school, personal finance is probably the last thing on your mind. You’ve burned the midnight oil memorizing medical terms that sound like a foreign language. You’ve put in rough clinical hours dealing with trying patients. You’re cramming for the NCLEX. And you’re ready to get out there and just do the job.
You might be thinking, “I went to school for a solid career, so the money will take care of itself.” Nurses do make pretty good salaries—you’re not wrong about that. In 2016, on average nurse practitioner made nearly $105,000 a year, registered nurses made more than $72,000, and practical and vocational nurses made $44,000. Demand for nurses of all stripes is growing, with the number of positions expected to increase between 16 and 31%, depending on the role, in the decade through 2024, according to the Bureau of Labor Statistics.Read more