There’s no getting away from the fact that London is a seriously expensive place to live, and even when you have money coming in regularly, it can still be tricky to ensure that ends meet.
So, the idea of being unable to work due to being involved in a serious accident is most probably a totally terrifying one.
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The fact is that accidents can happen to anyone at any time. However, the fact that accidents don’t discriminate probably isn’t helping you to feel any better about the situation that you have found yourself in. Realising after an accident that your injuries are indeed serious and that you are going to need a long time to recover, which means taking time out of work, is an extremely upsetting concept, especially when you live in an expensive city like London.
However, the good news is that there are plenty of steps that you can take to make coping with the financial impact, as well as everything else, that little bit easier for yourself.
For everything that you need to know – have a read of the guide below.
Rework your Budget
The first step, when it comes to managing the situation in which you’ve found yourself in, is to think about your budget. You may be entitled to sick pay from your place of work, if this is the case make sure to use it wisely. Focus on what needs paying each month and work out a monthly budget that details your income and expenditure, so that you can see how affordable your life will be while you’re off work sick.
Do you have any savings? If so, now could be a good time to consider dipping into them. While you might not want to use your savings to live off of, if you’ve found yourself in a situation where you cannot afford to live comfortably due to being unable to work, then you might want to reconsider. Just make sure that if you do dip into any savings, you do so mindfully and budget effectively to make sure that you only spend the bare minimum.
Consider Your Options
If you’ve been injured as a result of someone else’s carelessness, then you have the right to take legal action against them. While you may be unsure of going down this route, due to the amount of stress that can come with it, it is something that is worth considering. Let’s say, for instance, you were the victim of a hit and run accident, then you deserve to seek compensation – there’s plenty of support when it comes to compensation for hit and run victims so you won’t be taking on the challenge alone.
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You might not want to go down this route, but the fact is that if you want to ensure that you survive financially, then you need to seek compensation for your injuries, as well as the impact the accident has had on your life. This is especially important if you have been left with long-term injuries that could potentially impact your ability to work in the long-term.
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It’s important that when it comes to your situation, that you take a positive approach to things. Yes, being injured is no fun at all, and neither is the impact on your finances, but feeling bad about the situation isn’t going to make things any better. However, if you are positive about things, you might start to feel a little happier.
Get creative and think outside of the box. Just because you can’t go into work, does that mean you can’t work?
Perhaps you could discuss working from home while you heal with your boss?
Or, if this isn’t an option, maybe you could take on some freelance, remote work?
You have plenty of options available, it’s just a case of choosing the best ones for you.