To many people, an injury can mean the end of their career, especially for athletes and people in the industrial sector. What may seem like minor injuries can set you back in life, both financially and quality-wise. But sometimes getting back from an injury is easier in the physical sense, but the financial setbacks can take way much longer to heal. There are severe injuries that can cost hundreds of thousands in medical expenses alone to be treated, not to mention the lost wages for the time it will take to be treated, which can be permanent in certain cases. Adding to the pressure of financial difficulties on top of injury and things can be quite overwhelming, putting you in a state of general disarray. To help you solidify your finances after an injury, we'll be providing you with a brief, yet informative, guide.
Stay on the Job If Possible
Filing a claim and receiving a settlement as compensation for the physical and emotional sufferings you went through is essential. Still, depending on the settlement you might receive isn't the smartest move to make. Another thing to keep in mind is the amount of settlement you are to receive is going to be reduced due to taxes, bills, and fees. If your doctor has allowed you to keep working, then your best bet will be to stay in your job. This will not only help you with any financial troubles you might encounter, but it will also help your mental state.
File a Claim
Going to war with insurance companies alone isn't always the right move to make. Since personal injury laws differ from one state to another, then you must try your best to educate yourself on the laws in your state. For example, in Long Island, seasoned personal injury lawyers at this website clarify that the settlement you receive isn't only for physical damages and injuries. Your settlement should also cover hospital bills, the turmoil, and the mental suffering you endured in addition to any missing paychecks.
Draw Up a Budget
Beyond physical pain, dealing with injuries is daunting on so many levels. Financially, you might not be sure about how much your medical expenses will amount to. However, you still need to put an approximate financial plan to your expenses and expected income sources to clear any feelings of overwhelm or confusion when it comes to managing your finances. Putting a detailed budget will give you a clear idea of what you need to do. If you find that you are short on cash, then try to think of where you could save more money. Take into account any hardship relief you might be able to seek from lenders and utilities. You might also consider talking to your credit provider as soon as you discover any difficulties with meeting payments.
Getting Rid of Your Debt
The last thing you want to deal with when you've recently sustained an injury is debt and interest. You'll want to make a clear schedule of payment that allows you to stay comfortable instead of living paycheck to paycheck. The process still takes time, so you'll want to ensure that your patient during the proceedings. If you let your balance carry over for long periods, you won't be able to invest or take out important loans like mortgages and student loans.
Increase Your Income
One of the best ways for you to get back on the right financial train is to simply increase your gross income. Admittedly, this is easier said than done, but you'll want to figure out creative ways to do so because your injury may not allow you to do certain tasks. If you have the time, look for freelancing jobs that can be done online, avoiding anything that can worsen your injury. Creating multiple streams of income is recommended; a part-time job that doesn't take a lot of time besides your original job can be a good start.
Invest in Your Education
If you happen to receive a settlement after an injury, you may want to set aside some of that money to further your education. A lot of people may be left unemployed after an injury, leaving them with fewer employment opportunities. When you invest in your education, you'll be able to increase the odds of finding a job that you find suitable. If you're left unemployed, use the extra time to incorporate college education or online courses into your life.
Sustaining a serious injury is a truly daunting experience. You'll feel overwhelmed at first because a lot of the things you may have taken for granted are now in shambles. But you can look at it as an opportunity to get back on track and start fresh. Ensure that you take your time when you're reviewing your options to pick the right path for you.
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Help! My Friend Is a No Show
Dear Armchair Psychologist,
I have a friend who doesn't reply to my messages about meeting for dinner, etc. Although, last week I ran into her at a local restaurant of mine, it has always been awkward to be friends with her. Should I continue our friendship or discontinue it? We've been friends for a total four years and nothing has changed. I don't feel as comfortable with her as my other close friends, and I don't think I'll ever be able to reach that comfort zone in pure friendship.
Dear Sadsies,I am sorry to hear you've been neglected by your friend. You may already have the answer to your question, since you're evaluating the non-existing bond between yourself and your friend. However, I'll gladly affirm to you that a friendship that isn't reciprocated is not a good friendship.
I have had a similar situation with a friend whom I'd grown up with but who was also consistently a very negative person, a true Debby Downer. One day, I just had enough of her criticism and vitriol. I stopped making excuses for her and dumped her. It was a great decision and I haven't looked back. With that in mind, it could be possible that something has changed in your friend's life, but it's insignificant if she isn't responding to you. It's time to dump her and spend your energy where it's appreciated. Don't dwell on this friend. History is not enough to create a lasting bond, it only means just that—you and your friend have history—so let her be history!
- The Armchair Psychologist