How to Survive When Waiting on Disability Insurance

You suffered an injury as a result of some unforeseen accident. Maybe you got hurt on some faulty equipment in the workplace, were involved in a car crash, or slipped and fell on someone else’s property. Whatever the case is, you’re unable to return to work until your injuries have healed. Though you have disability insurance coverage, it could take a few weeks for the funds to be received leaving you in a financial bind. Getting by right now may seem impossible, but there are a few solutions you might consider to tide you over.

Cash in Sick and Vacation Days

Depending on where you work you may be able to cash in your sick and/or vacation days through your employer. This would mean exhausting some of your time, but depending on how many days you have on the books, it could be enough to tide you over until your disability funds start coming in.

Reduce Household Spending

You may have to cut back on your personal spending habits for a while. There are several common expenses that may seem important, but can actually be removed from the budget for a while. Eating out, cell phone data plans, cable television, and subscription services are just a few worth considering.

Personal Loans

Bank loans take too long to apply and qualify for and if you don’t have stellar credit, chances are you won’t be approved. You can, however, apply for quick personal loans online. These are loans offered by short-term lenders that don’t require extensive paperwork or perfect credit to apply for. The application process is quick and if approved you could have several hundred dollars deposited into your checking account within one business day. The funds can hold you over until your disability checks come in. Then you can repay the loan without skipping a beat.

Consider Consulting an Attorney

If you were injured through no fault of your own it is very possible that you could be entitled to money for the inconvenience the accident has caused. Whether you’ve been hurt on the job, in a car accident, or on commercial property, a personal injury attorney will review your case to determine if you should be getting a payout. Though it will likely take a little longer to resolve a personal injury claim than it would to get your disability payment, it’s still money you can use until you’re able to get back on your feet.

Apply for Assistance

There are federally funded programs in every state that are geared towards helping those with low income. Since you’re injured and unable to work at the moment, you may be eligible for assistance through some of these programs. You could qualify for free or affordable insurance, food stamps, additional cash assistance, housing assistance, utility coverage, and more.

Being injured to the point that you’re unable to make a living can be stressful, to say the least. Though there is relief in the form of a disability check, it can take weeks or even months to receive your first check. Not to mention, disability isn’t nearly as much as your regular salary. If you need help surviving financially, the above suggestions should keep you afloat until you’re able to get back on your feet.

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