When you’ve been injured, life can change dramatically, temporarily or permanently. A decreased income can often lead to a lot of financial stress, making recovery more difficult. There are a few things you can do to ease the stress.
Create a Budget
There are two steps to this. First, create a budget that outlines all of your current expenses. Then, create a budget that works for your new, reduced income. Look at the first budget to see which, if any, of your current expenses can be immediately cut.
Refinance or Ask for a Forbearance on Your Mortgage
If you own your own home, [Read more…] about Long-Term Disability Benefits: How to Manage Finances after an Injury