Life with a disability isn’t going to be easy, but that doesn’t mean that it is going to be impossible. Thanks to many medical and technological advances over recent years, many people who do suffer from a disability are now able to lead a relatively pain-free and comfortable life. In some cases, they are even able to do the same jobs and go down the same career routes as many fit and healthy individuals.
However, if you are ever fall ill or are injured and develop a new disability, you might find it incredibly difficult to adjust to your new life. Some individuals find that they need to quit their jobs while they return to full health and get used to their new disability. As you can probably tell, this can throw their finances into disarray for quite some time!
A new disability can be extremely difficult to overcome and come to terms with. Especially when it comes to sorting out the financial effects. Does this sound like you and you need some help? Don’t worry; here is my guide to adjusting to all the financial pressures that a new disability can bring!
Save An Emergency Fund
They say that the best medicine is prevention. Although there are some cases in which prevention won’t be able to stop some disabilities from developing, it can certainly help you stay well away from financial ruin. And the best way to prevent your disability from draining your bank account is to have an emergency fund behind you. Of course, this pot of savings shouldn’t just be tapped into in the event that you do become disabled, but it’s a great source of money if you ever need a little extra in a time of emergency. For instance, you might need to use some funds from your pot if you ever need to carry out any emergency home repairs or maintenance. Having a good lump of money in the bank can give you a safety net to rely on while you are recovering from your illness or injury and readjusting to life with a disability. It can really help you survive on your own for a bit without needing to rely so much on high-interest loans.
Take Your Time
It’s super important that you don’t try and rush back to work as soon as you get home from the hospital. Even if your disability is only minor and shouldn’t cause you too many problems back in the workplace, it’s still important to take it easy and give yourself plenty of time before you do think about going back to work. Otherwise, you might end up injuring yourself or even making your injury worse. So, allow yourself plenty of time to recuperate and your body plenty of time to adjust before you do think about returning to work or looking for a job with your new disability.
Don’t Push Yourself
Now that you have certain physical limitations, you might not be able to carry on working in the field or career that you once were. For instance, if you were a builder, that option may no longer be possible for you. You need to come to terms with this new reality and not push yourself into doing something that is completely beyond your new limitations. It’s worth giving yourself some time to figure out exactly what your body can do and cope with now. That way, you’ll soon understand the kind of work you are now able to carry out without doing yourself any further injuries.
Apply For Benefits
Of course, there will be some disabilities that will make it impossible for the patient to return to work. Thankfully, though, that doesn’t mean your bank balance has to also suffer. You can always apply for benefits from the government. There is a complete list of what you might be able to apply for at sites like disabled-world.com. When you do apply, you will need to provide evidence of your disability and limitations when it comes to work. So, it’s worth having a word with your doctor and asking him or her if they are able to write a letter to support your application. Not only that, though, but you should also provide evidence of any other forms of income that you have coming into your household as you will only be able to claim some benefits if you earn under a certain amount.
Think About Retraining
If you have to give up your job because of your new physical limitations, it might be worth thinking about retraining for another career. For example, you might no longer be able to do any physical labour, such as working in the construction industry or as a sports instructor, but you might be able to do something that is a lot less strenuous, such as office work. However, as with any career change, you will probably have to spend some time retraining. If you need to go back to college to earn another degree, you will be able to apply for student loans and grants so that you have plenty of financial support to see you through your studies. It’s also worth seeing if you can find a company to sponsor you through your time at college. This is when the company pays for all or part of your studies on the condition that you take a job with them once you have graduated. Many colleges and universities in the country will also offer extra financial help to people who have a disability, especially if they need to move into specially adapted accommodation while they are on the course.
Get The Necessary Insurance
There are certain insurances you will need to get now that you are disabled. Firstly, you should tell your current life insurance provider know about your change in circumstances as soon as possible as it could affect your monthly premiums. If you do go back to work, you will need to get some special insurance so that you are correctly covered and protected in the workplace. For instance, if you are able to continue to work as a doctor or physician, you should check the likes of insureSTAT.com to take out a professional insurance policy. There are lots of other insurance providers out there who offer industry specific policies, you just need to take a look online and see what kind of cover you can find for yourself. It’s really important that you do get specialist insurance when you return to work if possible, as you could be more at risk of being injured in the workplace. It’s not only for your benefit, but your employee’s best interest as well.
Find Extra Small Incomes
Don’t be disheartened if you are not able to return to full-time work. There will be plenty of other ways you can make an income, and it’s a good idea to find a few small incomes so that they can all add up to one large amount. There are plenty of ways you can generate an income from the comfort of your own home. For instance, blogging is a very lucrative industry these days. Once you have established a blog and have gained a large audience size, you will then be able to start selling advertising space to companies. You might even find that some companies reach out to you about sponsored posts. You could also join an affiliate marketing scheme. There are other ways to go about making some extra cash from home, such as selling homemade things on Etsy and old belongings on eBay.
Listen To Your Doctor
Before you do decide whether you will return to work or not, you should always consult your doctor. They will be able to advise you on your best course of action. They might even tell you that you should return to work just yet, if at all. No matter your thoughts and opinions, you should always listen to your doctor and nurses even if they seem to be contradicting you. After all, they will have all of your best interests at heart. Going against their advice could end with you injuring yourself or making your disability even worse. And that could cost you financially as well as from a health point of view. So, make sure you always follow the doctor’s orders no matter what!
Join Disability Groups
There are lots of groups and charities that have been set up to support people with disabilities. It really is worth joining these so that you can get out there and meet others who are in the same situation as yourself. Not only that, though, but there will be many professionals and disability experts working closely with these groups, all of whom will know exactly the kind of benefits you should be eligible for. It’s certainly worth reaching out to these groups so that you can get as much advice and support as possible.
Hopefully, all of the above tips can help you stay financially stable with your new disability!