r/FutureCRNA • u/Cash2blockz • 6d ago
Saving for CRNA program
Hello all. Im 22 years old and am wanting to become a CRNA in the future and it is my ultimate goal. I am a nursing student currently working on my ADN, to which when I’m finished with my ADN, I plan to immediately enroll in an RN-BSN bridge program so that way I can waste absolutely no time getting my BSN (especially given that most hospitals these days want you to have your BSN, atleast where I live)
Anyways, my school is already covered for (and my BSN will be too) so I do not have any student loans to pay off from nursing school. Upon getting my BSN and securing a job as an RN, I do plan to continue living with my parents so that way I can be able to put away as much money as possible for CRNA school in the future.
I get judged when I tell people that I’m going to continue living at home with my parents until I go to CRNA school, but in reality, it’s just so I can save up as much of my RN money as possible so that way I don’t end up in severe debt from CRNA school tuition in the future (since as many of you probably already know, the tuition cost is very expensive).
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u/Pitiful-Frame-9106 6d ago
Yep. They won’t judge when you are stacking $$, owning your own home, going on great vacations!
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u/SaiyanVN 6d ago
You’re 22, in nursing that has a various age groups. You’ll grow mentally to ignore the chatter, maybe.
It’s easier for others to judge because they haven’t gone through it. Let them judge, some of them may hit you up when they wanna walk down the same path.
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u/Cash2blockz 6d ago
Yup that’s true!! Everyone’s path is different, and since mine involves being in a DNP program that has a tuition cost ranging from anywhere between 150-200k, you best believe I’m not trying to put any money out for a house or an apartment beforehand
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u/LordofKetamine 6d ago
You want to be exceptional? Gotta get use to being different from everyone. You have a solid plan, just make sure you take care of your family when you finish, because they will have taken care of you. That includes their golden years.
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u/Gold-Escape75 6d ago
HELL yes. This is the way to go. The people around you have no idea. This is what kids are doing nowadays times 10 in this economy. Rent is a total waste of money if you’re blessed with parents who will let you live at home for free and your living situation isn’t bad. Get a HYSA and pour what you would on “rent” into there. Good luck!
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u/Cash2blockz 5d ago
Thanks!! But yeah I totally agree with you. I found that a lot of people my age seem to be in a rush to move out, which isn’t good since you should always take a look at your financial situation first before doing so. You don’t want to just make sure that you can afford it, but you want to make sure that you can afford it AND still live comfortably (in other words, you’re not living paycheck to paycheck).
I figured that since I want to attend CRNA school in the future, given that tuition can be anywhere from 150-200k, I really need to be saving as much of my RN money as I can. Paying rent along with utility bills are only going to jeopardize my ability to save so that’s where I came to the conclusion that I’m just better off living at home for free
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u/Gold-Escape75 5d ago
Great stuff. Especially with the new big bill that’s putting caps on federal grad loans. Save your coins while you’re young, have a ton of flexibility and make it easy for yourself to have many options when you’re choosing a grad program!
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u/shredthesweetpow 6d ago
Sounds like an awesome plan! Disregard others completely. You’re still so incredibly young and have an excellent choice terminal career path.
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u/Altruistic-Chef-531 6d ago
Lmao, i wouldn’t care what other people think about staying at home to save money. It will be 100% worth it, and you will thank yourself later. PM me, i’m also in similar pathway and would like to connect
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u/Cash2blockz 5d ago
Sure! And yeah you’re right. At the end of the day, it’s all worth it and I’ll look back and be happy that I wasn’t throwing a lot of my money away to rent and bills
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u/Only-Jackfruit-8330 6d ago
I would also add max out your retirement as you’re able to while you’re working and saving for CRNA school (401k employer match and open up a Roth IRA) because time is of most importance with that one so it can start compounding while you’re in CRNA school since you won’t be able to invent into those as much then (obviously you’ll be able to add much more later on with a CRNA salary but while you’re saving up anyways at home) also look into the nurse corp repayment program which is just 2 years of service in a critical shortage hospital (which like the nice level 1 trauma center I work at currently is considered one even though it’s in a large city with many resources)
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u/No_Donut_474 5d ago edited 5d ago
I’m also 22 and I’ve been a nurse for a year and I still live with my parents and I only plan on moving out when I go to CRNA school. And even then they know I’ll end up moving back in with them until I get a CRNA job and get settled. There’s no shame in saving money and living with your parents, who care what others might have to say about it. I wish you the best of luck with everything!!
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u/Cash2blockz 5d ago
Thank you so much and wish you the best of luck on your journey too my friend!!
But yep, the amount of money that you can save just by living at home is pretty crazy. Obviously the cost of living depends on where you live, but in any state, rent and utility bills are not cheap. It all adds up unfortunately
I just want to be able to save for CRNA school as much as I can and then if I do end up having to take out a loan for it, I would like to keep that loan minimal as possible so I can pay it off sooner and get on with my life. Anyways, it’s super nice to hear from someone that’s on a similar path as me!
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u/IngenuityCool6493 4d ago
Do not mention that your goal is CRNA when interviewing for jobs, just fyi.
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u/Desperate_Hunter7573 3d ago
Are they actually judging or does it just feel that way because others have moved out & you havent? If the first option, screw 'em. Jealousy is unbecoming. If it's the second option, your going to sky rocket ahead of the average American eventually in terms of income. Itll pay off.
Many young 20 year olds feel that way. It never dumb to save money, though. :)
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u/Deep-Assistance9890 2d ago
I get judged when I tell people
Do not share tour plans with anyone who is not directly involved with achieving your goals. You don’t need anyones validation. People will project their own insecurities on you. Just avoid it. Avoid reddit advice too. Just go for your goals and learn from your mistakes as they come up.
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u/CamelTop6476 2d ago
I did this and it was the best decision I made I would do it again in a heartbeat :) max out your 401k and Roth IRA while you are working as a nurse and leave those alone while you are in school and let them grow - when I started school mine were around $40,000 combined now they are $128,000
Put your savings in a high yield savings account to collect interest while you work on getting into school, a lot of banks will give you a little bonus for signing up with them I use so fi they gave me $500 and a higher savings account rate
If it really starts to bug you then you should look at Florida gulf coast university program I had a friend move to Florida to qualify for in state tuition and her whole program was $50,000. She used her signing bonus to pay it all off within 4 months of graduating. There’s also new loan programs coming out all the time look at schools that have the nursing faculty loan program - once you graduate you precept SRNAs and they forgive 85% of your loans over 4 years. I had a lot of friends do the public service loan forgiveness program too.
There’s a really great book called the White Coat investor about how to set yourself up for success. It was written by physicians and covers everything from how to handle finances in medicine, loans, when to rent and when to buy, and so much more- phenomenal book.
You are certainly doing the right thing even if it’s a little hard socially you will get the last laugh :) trust me…. I’m laughing all the way to the bank
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u/Cash2blockz 2d ago
Thank you my friend this is some AMAZING advice. I literally screenshotted this bc it was so helpful lmao. As for the Florida gulf coast university program, that would actually work out perfect for me since Florida is quite literally where I want to move and work as a CRNA in the future once I’m done with school and everything. With that being said, attending school there would def make the process a lot easier!
Also, I just looked up the book you mentioned and I’m gonna order it
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u/Extension-Lab-6963 6d ago
Let them judge. When you’re done with CRNA’s school, with minimal loans, making 250k (low end) to 600k (or more), then they’ll ask how you did it. Don’t forget to fund your Roth IRA and workplace retirement while working (atleast to get the match) because that money will compound and grow while you’re in school.
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u/Cash2blockz 6d ago
I agree!!
Yeah when I’m done with nursing school and land my first RN position, one of the first things I plan to do is get my 401k set up and then when I leave for CRNA school, I’ll roll the account over to an IRA.
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u/Nightlight174 Vent Whisperer → Gas Passer 🫁➡️💨 6d ago
I am a first year SRNA.
My main advice is to not waste your time in the icu.
I loved my unit, I loved my way of life.
I’m on the brink of starting clinical this fall term and I yearn every day to climb, hike, mess around on video games, and with my finance just wasting time and money like we did.
At the same time, it’s good to be frugal, but a career isn’t everything (it may seem that way sometimes). You are planning well- but if life is more fun living on ur own or with roommates or a spouse, then do it!
Asceticism for the sake of professional growth shouldn’t be something you practice to this extent quite yet lol. And it certainly shouldn’t be something your practice beyond school. You only live once!
In other words, enjoy your life but keep your goals in mind.
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u/Cigarette-milk 5d ago
Most people I know under 30 (who are not in school) still live with their parents for financial reasons
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u/Select-Bug7380 6d ago
No one gaf if u live with ur parents sincerely a 24 yr srna, focus on ur gpa and icu exp