If you weren’t aware, the amount of Money you receive when you’re on workers compensation, is only 2/3 of your average wage. So, less money means a bit more budgeting. But, what can you do while injured to make sure that your financial goals are still met? And how can you earn a little more money to make sure you can still live comfortably? Well, we’ve got a few tips for saving money while on workers comp. Obviously everyone’s situation and injury is different, so you’ve got to find what works for you!

Saving Money and Making More While on Workers Compensation

First things first, plan ahead of time

I know if you’re already injured this might not be particularly helpful, but, use it as your motivation for creating a deeper savings account just in case. It doesn’t have to be with anything in mind, but more as a means of ‘just in case’. Plus, if you never end up needing it— that extra money can be a great retirement bonus, or even take you on a vacation. Saving, is never a bad thing.

Cut unnecessary costs

The best way to save money is to cut those unnecessary costs we all have. From Pandora, to Burger King, to Hulu, to Subscription boxes— we all know there are a few ‘fun costs’ we could let go of if need be. Take a bit of time, write them all down, and see what you’re willing to part ways with. It doesn’t have to be forever, just until you get your financial situation back to comfortable.

If you’ve been thinking about getting rid of a few things, now’s your time

You’ve got some extra time on your hands. Maybe use a bit of it to list those items up for sale that have been sitting in the garage. No one needs two push mowers and a riding lawn mower. If you have unwanted items, there are a ton of resources to help you get rid of them. It clears out your clutter, and gives you a little extra money to work with.

Master the art of couponing

Couponing for when you shop, if you weren’t aware, can save you a ton of money. It’s amazing how much money you can save if you really put your mind to it. I’ve even heard of some people getting money back at the register after all the coupons have been run through. Take a look at the process, while it’s a lot to handle— it’s a fantastic means of saving money.

Find ways to stash extra cash

Whether your method be pet sitting, house sitting, or driving for Uber— there are plenty of ways for you to ‘work’ when you aren’t on the job. Depending on your injury, you might have a few limitations. So, put your mind to it and see what you can come up with. There are plenty of ways to make some extra money if you really need to. We wish you luck in your time with workers compensation.

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