• About WordPress
    • WordPress.org
    • Documentation
    • Learn WordPress
    • Support
    • Feedback
  • Log In
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Home
  • Contact us
  • Related Sites
    • InflationData.com
    • Financial Trend Forecaster
    • Your Family Finances
    • Elliott Wave University
    • Optio Money
  • About
    • Terms of Use
    • Disclaimer & Disclosure
    • Privacy Statement
  • Sitemap
    • 2009-2010 Posts
    • 2011 Posts

UnemploymentData.com

Your Source for Employment and Unemployment Data

Unemployment
  • Charts
    • Current Unemployment Rate Chart
    • Current Employment Rate (Chart and Data)
    • Current Employment vs Unemployment Chart
    • Historical Employment Data
    • Employment Population Ratio
    • Misery Index
  • Unemployment
    • Historical Unemployment Rate Tables
    • What Is U-6 Unemployment?
    • Unadjusted vs. Seasonally Adjusted U-3 Unemployment Rate
    • BLS vs. Gallup Unemployment Numbers
    • Current U-6 Unemployment Rate
    • What is the Labor Force Participation Rate?
    • What is the Real Unemployment Rate?
  • Employment
    • Current Employment Rate (Chart and Data)
    • Historical Employment Data
    • Contacting a Live Person at the State Employment Commission
      • How to Talk to a Live Person at the Virginia Unemployment Commission
      • Florida’s FLUID Unemployment Program
    • Benefits
      • Insurance
      • Retirement
    • Careers
    • Employment Costs
    • Experience
    • Government
    • Job Hunting
      • Interview
      • Resume
  • Find Articles
  • Education
    • Skills
  • General
    • Small Business
      • Outsourcing
    • Success
You are here: Home / Employment / Benefits / Insurance / Long-Term Disability Benefits: How to Manage Finances after an Injury

Long-Term Disability Benefits: How to Manage Finances after an Injury

November 27, 2017 by Guest Contributor

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, refinancing may reduce your monthly mortgage payment. If refinancing isn’t an option, or wouldn’t make enough of a difference, consider asking for a forbearance. This would allow you to stop making mortgage payments entirely for a period of time that both you and your lender agree to. After that period of time, you would resume payments, while adding some extra money to each payment or paying a lump sum to catch up for the missed payments.

Consider a Lawsuit or Settlement

Depending on the severity of your injury and who is at fault, you may need to hire a lawyer to help you determine whether you should sue or settle your case. Look for lawyers who are qualified with your type of injury to ensure that you don’t settle for less. A broken leg is a pretty straightforward injury, with standard bills and recovery times. A traumatic brain injury, on the other hand, can have varied recovery times and multiple severities. In the latter case, an experienced traumatic brain injury lawyer would ensure that you didn’t settle for less than that kind of injury is worth. Getting professional help from the right avenue is worth the time.

Take Advantage of All Financial Programs Available to You

Unemployment, disability insurance, even government assistance in the form of Medicaid or food benefits may be available to you. These benefits can help supplement your reduced income while you recover or wait for your lawsuit or settlement to finish. There may be paperwork involved, but many times, these programs can provide just enough financial assistance to ease the burden.

Recovering from an injury takes time, and depending on the severity, you may find that your life is permanently changed. It’s important to take things one step at a time and not overwhelm yourself trying to solve everything at once. The steps listed here will give you breathing room as you consider how to adjust to your new normal.

Filed Under: Insurance Tagged With: Benefits, Disability, finances, Injury

Primary Sidebar

Search Site

Sponsored:

URGENT: These Stocks Stand Poised to Benefit from President Trump's Trade Wars!

As the Trump administration moves ahead with aggressive tariff policies on key imports, the mainstream media is scrambling.

This Free Report - which you can download now - reveals the names and ticker symbols of 5 Stock Poised to Benefit Most from President Trump's Tariff Wars.

Click Here to Download Your FREE Stock Report Now.

Recent Posts

  • April 2025 Employment / Unemployment Report
  • Would More Jobs Help Social Security?
  • March 2025- Employment / Unemployment Report
  • February 2025 Jobs Report
  • January 2025 BLS Employment Report

Resources

  • Bureau of Labor Statistics Current Population Survey Monthly survey of households conducted by the Bureau of Census for BLS. It provides data on the labor force, employment, unemployment, etc.
  • Capital Professional Services Providing web design and development and Internet marketing services
  • Elliott Wave University Using the Elliott Wave Principle to improve investment performance
  • Financial Trend Forecaster Featuring Moore Inflation Predictor, NYSE Rate of Change and NASDAQ Rate of change
  • InflationData.com Inflation calculators, databases, etc.
  • Intergalactic Web Designers Web design and development services
  • Your Family Finances

Articles by Category

Articles by Date

Disclaimer

At UnemploymentData.com we are not registered investment advisors and do not provide any individualized advice. Past performance is not necessarily indicative of future performance and future accuracy and profitable results cannot be guaranteed.

Privacy & Terms of Use

Privacy Statement & Terms of Use

Do Not Sell My Information

Copyright © 2025 · News Pro on Capital Professional Services, LLC. All rights reserved · Log in