Disabled people have higher expenses than those who do not have any disabilities. From any special foods to extra medical expenses and aids to assist them, these costs mount up. The problem is compounded, as most times their income is less than needed to help them survive this difficult situation.
Because of their financial constraints, it is crucial that disabled peoples plan their finances and use whatever help is available.
Create A Budget
The first thing to do is to create a budget of all your income and expenses. Making a list of each is the best way to control your numbers and how much could be saved. Once you know exactly what your income and expenses are, try to keep a really good control by having a tracking option like a excel file or a app on your cellphone..
If you think you are in financial crises or not receiving enough money to cover your basic needs, maybe you should consult as a example the San Diego Disability Law Group who are specialists in this area. They will evaluate your claim/situation and help you fight your case.It could be difficult to work with a budget, why not sell some articles in your house.This will help you generate some money to help you get ahead in the upcoming days and months.
Focus on yourself first and the rest will fall into place.
Protect Yourself From Fraud And Scams
When you are living on a budget, you need to protect every cent you have. Easier said then done but you need to take any precautions at your disposal to protect your money. In order to have full control of the situation, why not have someone who have full control of your finances and life while you are beeing treated and resting.
In this regard you will have your full attention on your health but again don’t give control to the first person offering help. Consider naming someone you have 100% confidence and you know will help you in your best benefits. Your spouse, husband, mom or dad or whoever you think is abble to take care of your finances. But again always keep a eye in the background to make sure all is good.
One last thing, in time of confusion… Knowones should ask you for any nips or personal password to any of your bank institutions, debit cards or credit cards.
Take Advantage of Tax Breaks And Discounts
Having a disability, is not easy to deal with in the first place but there is hope…
There is some available tax breaks on the IRS website that could be beneficial for your wallet like:
- Refund or discount on purchase medication
- (SNAP) Supplemental Nutrition Assistance Program
- Additional Child Tax Credit (ACTC)
- and more…
There is also a disability tax credit…
Copyright from Turbotax.
The elderly and disabled can receive a tax credit that could reduce and even potentially eliminate the tax they owe for the entire year. Here’s how to figure out if you qualify.
Do I qualify for disability tax credits?
The tax credit is available to every citizens and resident, 65 or older at any time during the tax year. Taxpayers who are under 65 years of age can still claim the tax credit if they are retired on permanent and total disability, or if they receive taxable disability income during the year and do not reach the mandatory retirement age by the first day of the tax year.
If you’re unclear what the age is for mandatory retirement, it’s the age when an employer forces employees to retire and it’s different for different businesses.
(Extra) Protect your health if your not disable?
To get the most out of life, you’ve got to put in a good dose of hard work, on a regular basis, and you’ve got to be able to maintain that effort consistently, day in, and day out.
Of course, that’s not to say that you don’t need balance in your life. Often, the most driven people in terms of career, are also some of the most unfulfilled in other areas of their life. So it’s important to take stock and understand how to balance your various competing priorities.
One thing that often gets neglected by hard working people when they’re pursuing their financial goals is health and overall wellbeing. But if you’re sick and miserable — is it worth grinding yourself to dust at work? And are you even going to be able to keep up the endurance to work successfully in the long term? Maybe not!
Since health and wellbeing are so important, here are some tips for protecting yours when working a demanding job.
People sometimes find that their health and wellbeing suffers, because they’re being exploited or pushed to the edge of their capacity, by unscrupulous employers.
For this reason, it’s crucially important that you know yourself. If you feel that you are, in fact, being exploited and aren’t being given your legal rights — such as in the case of truckers who are forced to stay on the road for excessive lengths of time without proper breaks for rest and recovery — you should absolutely seek out industry-specific legal representation. Washington trucking lawyers, for example.
Continue reading how to protect your health to win ===> Click Here.
Life is full of surprises, goods or bads but the best thing to do , is to learn how to protect your health, your finances and be ready for any emergency that may occur.
Wishing you all a great day.
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