Being injured at work is devastating, especially if the injury means you cannot work while you recover, or worse, will never be able to work again. Physical injuries can be managed and accommodated, but if the injury affected your cognitive processes then there isn’t a lot that can be done to get you back into your original job. Even some physical disabilities can bar you from your original workplace or make it impossible to work again.
This was not your fault, and yet until you can get your compensation it is you that is going to have to pay for it. Regardless of how long your recovery period is, you need to start cutting back on spending and set the right gears in motion so that you can stay afloat and stay supported.
Apply for Workers Compensation and More
First things first, you need workers compensation. If you were working in unsafe working conditions that your employer refused to fix despite multiple reports, however, then you will need to file workers compensation for unsafe working conditions. Unsafe working conditions are entirely the fault of the employer and filing for adequate workers compensation is necessary if you wish to be able to pay for the medical bills, recuperation, and make up any lost wages.
Apply for Any Additional Supportive Funds
If you cannot work at all then there are additional supportive funds that you can look in to. The two in particular you will be looking at are Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). The program you would be able to apply to will depend on your work credits and current need.
Work Out Exactly Where Your Money is Going
Once the ball is rolling on compensation it is time to reduce your output. Look at your payment history to find out exactly where your money is going. Aim to categorize all your payments to determine what your fixed costs are (rent/mortgage, utilities) and what are variable. Costs that are variable should be subcategorized based on need.
For example, food is a necessary cost that can be cut down by opting for frozen food, preparing and not wasting any food, and buying bulk. Movie tickets, however, are a variable cost that is not necessary if you are looking to reduce your output.
Stop Unnecessary Subscriptions
Subscriptions can be a pain to get out of, but it is key to reducing your monthly output. Only cancel a subscription if it is a splurge expense. For example, a magazine subscription can be cancelled, but a grocery subscription can work out to be cheaper than going to the store again and again. Similarly, one streaming service subscription is a lot cheaper than cable, and so on.
Work with Loved Ones to Help Lower Your Costs
Get your loved ones on board to help you keep costs low. For example, you can all get together to prepare meals for the week so that you don’t waste any money. You can also put your money together to get the bulk discount on a variety of items that would have been too much to buy at once.
Until your compensation sum gets through you will need to reduce your expenses as much as possible. It is only for a short while until the paperwork goes through, but it will help you support yourself while you are injured.