Being a single mother is already a difficult job, and there are plenty of financial challenges that come with it. But when you add an injury from work that leaves you unable to work, it can be even more difficult to make ends meet. Fortunately, there are ways to remain financially stable following an injury at work. Here are some tips for single mothers to help them stay afloat and get back on their feet. From creating a budget to seeking personal injury compensation, these strategies can help you maintain your financial stability while you focus on your recovery. Aside from searching online for financial advice near me, you can ensure that you are getting the help that you need from your bank. There is always a way through it, and these are the tips that can help!
Create A Budget
When you’re first signed off from work due to your injury, your employer will need to pay you Statutory Sick Pay (SSP), which you will be entitled to for 28 weeks. Some employers pay more than the £99.35 per week that they are legally obligated to pay; however, this is at your employer’s discretion, and it’s important that you plan accordingly with a budget for how much you will be paid.
You can start by listing all of your fixed expenses, such as rent or mortgage payments, car payments, credit card bills, and utilities. Then, list all of your variable expenses, such as fuel and food. Once you have a list of all of your expenses, you can compare it to your income to see where you can make adjustments to save money.
Look Into Financial Assistance
When you’re dealing with an injury from work, it can be difficult to make ends meet. Fortunately, there are benefits available if you are unable to work, which can help you stay afloat, such as Universal Credit, Personal Independence Payment and Statutory Sick Pay. You may also want to talk to a free financial advisor from Citizens Advice, as they can help you understand your options and what steps you need to take to get the right benefits.
Seek Personal Injury Compensation
You may also be entitled to financial compensation from your employer, which can help to cover the loss of wages as well as any other expenses you’ve experienced due to your injury. When you’re facing financial hardship as a result of a workplace accident that left you injured and unable to work, it’s crucial that you speak to a solicitor as soon as possible about personal injury compensation.
Talk To Family And Friends
When you’re unable to work, talking to family and friends can be a great way to get the financial assistance you need. Let your loved ones know that you’re in need of help, and see if they’re able to provide any assistance. However, being honest and transparent with your loved ones about your financial situation is important. Let them know exactly what you need and how they can help, as this will ensure that you’re getting the support that you need without putting a strain on any relationships.
Utilise Online Discounts
Finally, you can save money by taking advantage of online discounts. There are a number of websites and apps that offer discounts on food, clothing, and other essentials. Additionally, look for sales and clearance items to save even more money when you’re in the supermarket, as these items are often still good but have damage to the packaging or were part of a multipack that was opened.