Financial management is something with which everyone needs to be concerned. Nevertheless, it is arguably more challenging for people with a disability.

After all, there is a set of unique challenges you face when it comes to financial management.

For example, you have disability benefits to consider, and you have different expenses to contend with. Plus, you may not have the same pool of jobs available to you as everyone else. This is why you need a careful and considered approach to financial management, and here are some great tips to help you out.

financial management

Financial Management Tips to Help People With A Disability

Don’t be afraid to ask for help – There is only one place to begin, and this is with getting the assistance you need. Financial stress can be too much for anyone to handle, and there is no need to take this burden on yourself.

You could ask your family or close friends for assistance, or you could go down the professional route. Lifeplan provide mental health and disability services, and a company like this would be best placed to give you the assistance you require.

This doesn’t necessarily mean sorting your finances for you; it could mean arranging transport so you could get to and from a job, for instance. The important thing to note here is that help is available, so use it.

financial management

Look for alternative ways to make money – If you cannot hold down a traditional job because of your disability, this does not mean there are no options available for you when it comes to making some extra cash.

For those with skills such as admin, writing and design, freelancing could be a viable option.

Do you have a driveway that is currently unused? If so, have you ever thought about renting it out to someone that works in the area? This is a great way to make a bit of extra cash every month.

financial management

Manage your disability benefits effectively – The first thing you need to do is make sure you are getting all of the disability benefits you are entitled to. It is likely that you are granted a sum of money by the government to assist you with everyday living expenses, but are you making the most of the many disability discounts that are on offer?

You may find that you are entitled to a discount on your council tax bill, for example, or certain leisure activities in your local area. If you are not making the most of these, you will be spending way more money than is necessary.

It is also a good idea to download an app so that you can track how much you spend to ensure you aren’t living above your means.

Hopefully, you now feel more prepared when it comes to managing your finances effectively. There is no denying that this can be difficult, especially for those with a disability, as there are many elements of financial management that need to be considered.

However, if you follow the advice that has been provided above, you will be on a good path.

financial management

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