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Your physical well-being is understandably at the forefront of the mind after being involved in an accident, whether it’s a workplace injury or one you’ve obtained elsewhere. However, when you're injured, it's possible that you'll take more time to recover, which can have a significant financial impact. So, what would you do if you can't go out and work to earn money? We have some advice on how to manage your money following an injury or accident to avoid financial problems.
You may be worried about how you'll pay your bills this month, and speaking with your service providers is an easy way to avoid extra fees! Call them to let them know what's going on. They'll be able to set up a payment plan and put a stop to any fines for late payments. It's the same as your rent or mortgage! Explaining your condition will make them understand why you've skipped a payment or two, and they'll be able to give you as much assistance as possible. You might be able to get a payment holiday from your mortgage lender before you get back on your feet.
If you've been injured in such a way that it's changed your whole lifestyle, you might be eligible for financial assistance. Your accident could have left you permanently injured in some way, so speak to a personal injury attorney to see if you're entitled to any compensation! This will also help to safeguard any investments you may have.
So you can't go out there and work right now, but it really doesn't mean you can't earn money from the convenience of your own home! You could start and monetize a website, or if you have a talent that can be done online, such as graphics design, proofreading, or even freelance writing, you can advertise your skills and take on jobs on websites like Upwork and Fiverr to keep your finances topped up. You may find you’re able to make a nice amount of money while you’re recovering!
It's crucial not to let pride get in the way of your finances, particularly when you're getting back on your feet. Speak with family and friends to see if they can assist you in some way before you are able to get back on your feet. Every little bit helps, whether it's them buying food for you or having your children instead of paying for daycare.
Your employer may even be able to assist you financially. Examine your contract to see what policies they have in place for sick leave in the case of an accident. Alternatively, contact them directly to see what assistance they might do! You may find that while you're recovering, they'll let you work from home, allowing you to keep earning money!
Finally, remember that your well being comes first, so focus on getting healthy! You should be able to keep track of your finances using these suggestions!
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