If you’re out of work because of an injury, it can be stressful to think about the financial challenges you’ll face. You may have already considered the possibility of going back to work with modified duties at a future date, looked into government benefits, or claimed some form of disability insurance. You’re still out of work for the time being, though, so it’s important to save money everywhere you can. Here are a few popular money-saving tips for people who are out of work because of an injury or illness.
- Put sales on your radar.
Now that you’re on a budget, you’ll want to take advantage of sales everywhere you go. You can find plenty of grocery, drugstore, and clothing store items on sale at any point in time—if you know where to look. You can investigate the latest discounts by looking online, flipping through your mailbox flyers, and making note of any sales advertised in-store.
- Use technology.
When it comes to saving money, technology is your friend. If you know you’re going to spend money on something specific, check online for coupons and deals. Many online retailers offer discounts when you sign up for their email newsletters. You can also take your pick from a plethora of budgeting and money-saving apps, like Mint and RetailMeNot.
- Do-it-yourself.
Your injury may prevent you from taking on certain chores, but you may be able to try your hand at DIY for extra savings—and a fun hobby to boot. You can make plenty of household products yourself using a few ingredients, whether it’s homemade body lotion, laundry detergent, or a jar of pickles. It’s easy enough to find instructions online and adapt the recipe to fit your taste.
- Count your currency.
Many budgeting experts advocate putting away your debit and credit cards in favor of cash. It’s meant to help you control your budget, keep track of your funds, and encourage you to plan ahead. You can also try a bill “hack” to help you save, like the $100 bill challenge (withdraw a $100 and try not to break it) or the $5 bill rule (stop spending fivers and collect them in a jar at home).
- Cut back on expensive habits.
This can be a very difficult tip to follow, but it can make all the difference in your efforts to save money. Think about quitting or cutting back on unhealthy and expensive habits like smoking and drinking alcohol. If you don’t drink or smoke, you can still save money on other unnecessary habits like eating takeout. Start making meals in big batches, like casseroles and stews, so you can stretch out the leftovers across a few days.
- Turn off and unplug.
You can save plenty of money on utilities by adopting responsible habits with your household appliances. For example, you can turn off the television and lights before you go to bed; leave the faucet off while brushing your teeth or shaving; light a fire to save on gas bills in the winter; and look into cheaper options from your phone and internet provider. You might even consider getting rid of your phone plan, cable TV, and car altogether for fast savings.
It’s not easy to be out of work because of an injury. If you need fast financial support, you might consider applying for lawsuit funding. As long as you’re considering a lawsuit for your injury, and you meet the other requirements, you’re likely to qualify for a fast cash advance. Lawsuit Financial, Inc. can tell you more about the benefits and obligations associated with litigation funding. Contact us today to discuss your options.
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