Managing all your finances is no easy feat. Add in a personal injury case and it could become quite stressful. Bills can start to mount and new medical bills can come into play. These unexpected costs can turn your world upside down. However, time won’t wait while your lawsuit goes to court or settles. One solution is to turn towards pre-settlement funding. With pre-settlement funding you can get the cash you need now. But, it’s a good idea to have a solid budget plan so that your pre-settlement funding can help keep you afloat until you receive your compensation. Here are five tips for keeping a budget that will help you during this trying time.
1. Update Your Landlord or Bank
Let the bank or your landlord know about your current situation. Due to your injury, you can request payment extensions or arrange an agreement so that you don’t have to fall behind or face penalties.
2. Call Your Credit Company
Give your credit company a call to see if it is possible to have your interest reduced. They might have a policy about debt relief during situations such as yours. Simply making a call could potentially end up saving you from having to pay a higher interest.
3. Sell Unnecessary Possessions
Everyone has things laying around that they don’t ever use or stopped using. We all also have gifts that we have but never used either. All these items could end up making you a quick buck! During this time every bit can help when it comes to paying off your bills and keeping yourself afloat.
4. Plan Your Meals
Plan out your meals for the week and try buying in bulk. These two little tricks can help you save a lot of money. Skip out on going out to eat for lunch or dinner. Also, cut back on your visits to the coffee shop. You’ll be amazed at how much money you can save by cutting back on eating out.
5. Cutback On Unnecessary Expenses
During this time, you are going to have to make some cutbacks. This includes taking a look at your cable, phone, and internet bills. Also, you may want to put that vacation on hold, especially in your current state.
Now is the time to secure your financial future while you await your settlement. Don’t settle for anything less than the amount you deserve. Make sure you receive the money that should be awarded to you by calling us at 1-800-922-7439 today. We are available 24/7, because we know the world doesn’t stop for anybody. So, let CLF have your back with pre-settlement funding.