• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • ABOUT

The Fortunate Investor

Investing, Business, Saving, Debt, Money, Retirement, Taxes and Family Finances

  • Business
  • Invest Your Money
  • Save Money
  • Get Out of Debt
  • Make Money
  • Family & Money
  • Taxes
  • Retirement
    • Retirement Calculator
You are here: Home / Investing / Managing Your Money When Newly Disabled

Managing Your Money When Newly Disabled

January 26, 2020 By Kevin | This article may contain affiliate links. For more information visit our Disclosure

Tweet
Share
Pin
Share
Share

Managing Your Money When Newly DisabledBeing registered as disabled, and dealing with the practical changes of this on your day to day life can be quite a shock. This may have taken place over time, or it may have been a sudden shock, but one thing’s for sure – it will deeply direct how you manage almost all aspects of your life from then on. We can often think of how those who are disabled valiantly do their best to live life with a great quality of life each day, and we admire them for that. 

However, we can also fail to see just how careful they are when managing their new financial reality. As someone finding yourself in this situation, you may be starting to learn this process yourself. To that end, we hope to elucidate some vital advice to help you make the most of your financial standing as of the moment, helping you understand your rights, and also apply practices that can help you gain the financial backing you truly deserve.

As far as that is concerned, we would warmly recommend the following advice:

Understand Your Legal Rights

Understand your legal rights, and just what compensation you may be entitled to. If a workplace injury led to this current situation you find yourself in, it might be that an extensive legal process may help you approximate the work you’re most entitled to. With a legal backing from LaPorte Law Firm www.laportelawfirm.com, you will also be able to figure out how to file for disability, just what your social security disability rights are, and with what legislation to become familiar with.

Savings Are Golden

Savings Are Golden

It can be very worthwhile to ensure that you save enough money as time passes. Pay yourself first, and budget appropriately. This can help you if late payments of social security are found, or if you need to contact and use law services, or to cover tax inadequacies you may find need taking care of. It can be tempting to rely on the social security stream, but it can also be worthwhile to keep some of your assets saved and reliable, and to merge your financial backing with your family members who take care of you. In this effort, you’ll find renewed financial vigor.

Money Management Services

Money Management Services

Money management services can truly help you. Disability charities and residential programs can support you with budgeting if necessary, and also help you find the best disability discounts out there. The same goes for disability communities, even online. Don’t be afraid to find the deals you are entitled to. This can also go for life factors that may help, such applying for disability parking certificates/licenses. Help is out there, and refusing to use it out of misplaced pride may only leave you struggling to live with a worthwhile quality of life. 

With this advice, we hope you can manage your money when newly disabled. This way, you can focus on your new life direction with care, optimism, and a renewed peace of mind.

Primary Sidebar

Popular Articles

Do You Know The Cost Of Your Retirement

Do You Know The Cost Of Your Retirement?

Are you already thinking about retirement? Nobody should wish their life away, but that doesn’t mean … Read More about Do You Know The Cost Of Your Retirement?

Marketing is Worth the Investment - Heres Why

Marketing is Worth the Investment – Here’s Why!

When you own your business, there is often a non-stop flow of information telling you what you need … Read More about Marketing is Worth the Investment – Here’s Why!

5 Reasons Your Small Business Needs a Business Account

5 Reasons Your Small Business Needs a Business Account

As your small business grows, you might find it more difficult to keep up with earnings and expenses … Read More about 5 Reasons Your Small Business Needs a Business Account

Investing in Business Infrastructure Beyond the Physical Assets

Investing in Business Infrastructure: Beyond the Physical Assets

In the world of business, the term “investments” has come to have a very specific meaning, and it is … Read More about Investing in Business Infrastructure: Beyond the Physical Assets

The Most Important Early Decisions In Your Business 2

The Most Important Early Decisions In Your Business

When you are setting up a business, you are of course going to want to ensure that you do so … Read More about The Most Important Early Decisions In Your Business

Footer

TOPICS

SAVE MONEY
INVEST MONEY
REDUCE DEBT
MAKE MONEY
FAMILY & MONEY
TAXES
START A BUSINESS
RETIREMENT

THE FORTUNATE INVESTOR

ABOUT US
ADVERTISE
CONTACT US

The Fortunate Investor focuses on personal finance topics to build wealth. Topics include saving money, investing, managing debt, family and money, taxes, making money, college planning, starting a business, coupons and retirement.

SOCIAL MEDIA

FACEBOOK
TWITTER
PINTEREST
YOUTUBE

Copyright © 2023 Fortunate Investor. All Rights Reserved. | Disclaimer & Disclosure | Privacy Policy | Terms of Service