What if I Become Disabled?

What if I Become Disabled?

A lot of people are horrified by the fact that they could become disabled at some point in their lives. Whether it’s a temporary disability due to illness, a physical disability due to an accident, or an emotional/mental disability due to your mind changing or difficult circumstances, being put on disability can be a devastating experience, both emotionally and financially.

So, what can be done to lessen the financial blow just in case a tragedy occurs and you are unable to work? Here are some tips from a workers compensation attorney salem oregon that can help you to stay on top of everything.

Always save. Have at least 3 month’s living expenses saved up in case of emergency. So, make sure that you have money saved up just in case, budget a certain part of your monthly income for this savings account. Don’t touch it either!

Always budget. Make sure that you know exactly where all of your money is going. Then, figure out if there are places that you can reduce your spending if you were to be disabled and lose some of your income.

Look at Worker’s Compensation. This is always a fun thing to try and deal with. You have to be injured to the point of disability on the job, and there are lots of hoops to jump through and paperwork to fill out.  If you’ve got a case for it, then definitely find a lawyer and fight for it, but if it’s questionable, it’s probably not worth the fight. Always consult with a professional about these matters.

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We all hate to think of the worst, but if we don’t prepare for it, later on we end up ill prepared and more stressed than we would have been had we been prepared for a bad situation.