Many workers in this country count on the income from their job to make ends meet. They don’t ever think about what would happen if they were suddenly unable to work. For a person who is disabled in an accident, not having money to cover certain things can lead to disaster.
Some people don’t realize that disability payments aren’t automatic. It takes time to go through the process of getting these benefits. This is the reason why people recommend having an emergency fund built up while you are still able to work.
Ideally, you will have enough money to cover six months of salary. If this seems like a goal that is too lofty, focus on building up $1,000 first and then three months’ worth of salary. Then chip away at increasing the fund. This money shouldn’t be touched unless you have a true emergency because you never know when something will happen to you at work.
If you have already suffered a disabling injury and don’t have the savings you need, you might feel fairly hopeless. At this point, it is time to look into damage control. One thing that you can do is to get your Social Security Disability application in as quickly as possible. The clock starts when you turn it in. You also need to ensure that it is properly filled out when you submit it.
You might start to look at social services programs that might be beneficial. These can include things like utility assistance, rent or mortgage help, and food banks. Until you get your benefits, you will probably need to live on a frugal budget without many extras. Just be prepared because the process of applying for disability can take a while.