It’s not always easy to stay financially afloat even at the best of times, but it becomes even more difficult if we find ourselves unable to work. Alas, this does happen from time to time. If we’re ill or injured, we might find ourselves having to spend more time than we’d like recovering in our home, and that means we’ll be getting less money than usual, or perhaps not at all. But what happens if you get injured at work? If you work in the construction industry or any environment where the risk to injury is higher, how do you proceed in making sure that you have a steady flow of income? Most people in this circumstance are very likely to hire a lawyer in their area to help them make a workers’ comp settlement to ensure that they can cover the costs for any medical and rehabilitation bills they have going forward. But does this cover any loss of wages, and if it doesn’t, what should be your next step? If you find yourself in this position, then you’ll want to ensure you get your finances in order as soon as possible. Here’s how you do it.
Cut that Spending
If money isn’t coming in as fast as you’d like it to do, then you’ll want to make sure that there’s not a lot of outgoings. The good news is that you’re injured (it might not feel like it, but in this case, it is good news); that means you’re unlikely to be spending money on going out to restaurants, concerts, and so on. You can add to those cuts by looking at what other unnecessary expenditures you have each month. Soon, you might find that you don’t need all that much money to live a comfortable life.
See About Payment Restructuring
Of course, you’re not going to be able to cut every expense. There are going to be some bills that you need to pay each month, because you’re already locked into the contract, or they’re imperative to your quality of life. But you do still have an option. Have a talk with the companies to whom you owe the money, and see if you can restructure your payment plan. It might be better to reduce your monthly outgoing now, while you don’t have much cash to spare and pay off the bill over a longer period.
What Are You Entitled To?
You’re not necessarily going to have to do everything all on your own. There may be resources that you can call upon. To begin with, talk with your employers and ask about their policy regarding getting paid while unable to work. If you were injured while at work, then talk with an injury law firm such as Steffens Law Office, P.C., and see if you have a case for claiming compensation related to your injury. There are plenty of systems in place to help you navigate your injury-related financial issues; make sure you’re making the most of them.
Working From Home
You might not be able to travel to work and sit at your desk for eight hours a day, but that doesn’t mean that you need to forget about work altogether. With telecommuting an increasingly popular employment method, it may be that your employer is happy for you to do your work – and get paid – from the comfort of your own home. If not, take a look at the many work-from-home opportunities; you might just find a way to make long-term money, which you can continue to do even after you’ve returned to work.