Personal Financial Planning Resources

Veterinary Salary Calculator

Benchmark your income against other veterinarians in private clinical, public, and/or corporate practice with the Veterinary Salary Calculator. This resource is available only to AVMA members. 

Cost of Living Comparison

To obtain the cost of living indexes for various locations throughout the country, please visit Sperling's Best Places.

To assess the difference in cost of living (COL) from one location to another, make sure to divide the index for the city you are moving to by the index for the city you are moving from.  Multiply your total household expenses by this value to determine how much larger or smaller your budget would need to be in moving to the new location. 

(COL index city moving to / COL index city moving from) x total household expenses = new budget




Buy or Rent Calculator

Struggling with the choice to buy or rent your next place?  There are many factors to consider.  The New York Times provides a calculator to help guide you through this important decision.

Automobile Cost of Ownership

Automobile costs can be highly variable based on the make, model, and year of the vehicle.  Knowing this information can help you plan for future costs.  It can even aid you in your decision of which car you may want to lease or purchase.  You can find helpful information on estimating the cost of vehicle ownership at Edmunds or Kelley Blue Book.

Credit Card Calculator

To find out how long it would take to pay off your credit card based on how much you pay each month and the interest rate, take a look at Bankrate’s Credit Card Calculator.

Student Loan Repayment Basics 

Don’t know where to start when repaying your student loans?  The U.S. Department of Education’s blog, Homeroom, provides tips and a short video explaining the basics of repaying your student loans.

Student Loan Repayment Simulator

The Veterinary Information Network Foundation provides a Student Loan Repayment Simulator that displays how some of the choices you make throughout your veterinary education and career may affect your student loan debt.  

Loan Consolidation

While AVMA doesn't provide financial counseling, we have worked hard to gather information in one place to help you make a decision that is right for you.   Our new resource, Consolidating Your Student Loans - What You Need to Know, is now available. 

The Federal Student Aid site is another great resource!  They share the pros and cons of loan consolidation, describe the application process, and list other items for consideration when deciding whether or not to consolidate your federal student loans.

Tips to Stand Out in a New Job

Want to stand out in your new job and make a great first impression?  Try these fun and effective tips in 20 Ways to Stand Out in Your New Job.

Retirement Calculator

It is never too early to start thinking about what you need to save for retirement.  The AARP’s Retirement Calculator gives you tips on how much you will need to save and how long you may need to work to achieve retirement at the age you desire and level of spending you will incur upon retirement.


Personal Financial Planning Tool