Getting Your Finances Back on Track After an Accident

by Magical Penny on July 17, 2019

Accidents can happen to anyone, at any time. Being involved in an accident can be an upsetting time, but the situation can feel a lot worse if money worries mar your recovery. Just as you will need to recover physically from an accident, your finances may need to recover too. This may feel like a troubling time, but there are ways to get your finances sorted during your recovery. Here are some ideas to help you get back on track and in control of your money:

Switch Suppliers and Save

If you have time on your hands and are feeling up to it, it can be useful to see if you can save money by switching suppliers. Many people save a surprising amount of money by switching their energy providers. Switching could save you a healthy amount of money that will come in very useful during your recovery.

Examine Your Statements

Going through your bank account with a fine-tooth comb may not sound like a fun way to spend your time, but you will be pleased you did it when you manage to save yourself money. To get started, check through your bank statements for direct debits and standing orders that you no longer need. Examples of these could be gym memberships, subscriptions etc. 

Taking the time to identify and cut unnecessary expense is a handy way to save money very quickly. Making the time to do this is sure to make you feel incredibly productive while you are laid up.

Speak to Your Employer

Speak to your employer if you are feeling concerned about your return to work, or the amount of paid sick leave you will receive. 

Talk to your HR department and check your contract to find out the amount of paid and unpaid sick leave that is available to you. You may also find it useful to discuss arrangements for your return to work. Your employer may be able to offer adjustments such as working reduced hours as you get used to being back in the workplace. Planning ahead like this should help you to have something to focus on and will leave you feeling more certain about your finances, and your return to work.

Consult a Lawyer

Making a claim following an accident is something that you could consider, if injuries have impacted you, and the accident wasn’t your fault. Tread carefully when choosing a law firm to represent you.  Make sure that you read the small print so that you know exactly what you can expect in terms of their services and fees. After all, you don’t want to end up owing money at the end of the process. Do your research to make sure the law firm is reputable; these attorneys will help you find peace of mind and should help to make the process a lot easier to manage. Remember that your recovery is important, and you don’t want to hinder it, so finding an attorney that you can trust is crucial.

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