
- Tim Spafford
- 19/08
Finance Tips For Those Who Can’t Work
There are many reasons why you may not be able to work. A physical or mental disability, an on-the-job injury, or a special life circumstance can all be legitimate reasons why you may not be able to work a traditional job, but it doesn’t have to mean that you struggle financially.
There are options. With an educated eye, you can learn to disburse your money in such a way that you don’t go without the necessities and even a few luxuries. Take a look at this quick breakdown of a few finance tips for adults who can no longer work a traditional position.
Make sure you’re getting Workers’ Compensation
If you can no longer work due to an on-the-job injury, you are entitled to a regular disbursement of workers’ compensation. You’ll need a workers’ comp lawyer to handle your case and make certain that you receive all of the benefits you are due.
Your workers’ compensation payments will help supplement any other income you receive, giving you a boost in your overall budgeting boundaries. Additionally, try getting some long-term disability insurance quotes if you think you are going to be off work for a long time. Disability insurance can help provide a portion of your wages for the duration of the time you are disabled, helping you to balance the books in the long-run.
If you’re wondering how these payments affect your finances, you may want to seek legal advice to find out more. A professional can answer questions like “is workers comp taxable?” and other intricacies, such as how different types of benefits may impact your overall tax situation.
Work an untraditional job
Though you may be receiving supplemental income from government programs, you can still pull a small income from another source. You can work a job from home, as long as you don’t make too much money.
Keep an eye on the boundaries laid out by the government, and work for a remote job that pays just under the financial cap. You can maximize your income in this way.
Write out a detailed budget
Take a thorough account of the money you have to work with each month, and proceed to create a detailed budget. When you can physically see a picture of your finances, it makes it easier to stay on track.
After you formulate the budget, you have to stick to it. Self-discipline is the most crucial element at play when considering the efficiency of a budget.
Protect the money you do have
The money you do have is quintessential to your future survival, so it’s important that you take the necessary steps to secure its safety. Learn to tell family members no when they ask for money. Self-preservation is crucial to surviving on a very limited income.
Moreover, it can be wise to explore all the available resources and benefits that can help stretch out your finances. If you find yourself unable to work all of a sudden due to a physical or mental handicap, it can be important to understand your rights and the support systems in place. One such system is Social Security Disability Insurance (SSDI), which can provide financial assistance to those who qualify. However, navigating this process on your own can be difficult. In such situations, seeking the advice of a Social Security Disability Lawyer can be helpful. They can guide you through each step of the application process and help gather all the necessary medical evidence. By securing disability benefits, you can protect your limited income and gain access to much-needed financial resources for your daily living and medical expenses.
Learn to be a frugal shopper
It will always help ease your financial woes to become a more frugal individual. Cut out the things you don’t really need in life, and actively seek out ways to save money on the things you do need.
Couponing is always helpful, and it’s a good idea to go grocery shopping on Wednesdays. Wednesdays usually mark the beginning of new weekly sales storewide, and you can have first pick of the best deals.

