As you know, Social Security disability benefits are awarded to those who are unable to
perform significant, full-time work. Unfortunately, this often means that an individual’s normal
cost of living is now burdened by substantial medical costs, such as doctor appointments,
prescriptions, and treatment plans. All of these expenses, on top of everyday bills, can take a
toll on your bank account. Thankfully, our disability lawyers in Oak Ridge have a few smart
spending recommendations.
Make a Budget
For those who have a fixed income, creating and maintaining a budget is imperative. It is
important to know what your income is and plan for both expected and unexpected incoming
expenses. First and foremost, set aside money for food, housing, and medical costs. Once you
know the necessities are covered, you can start to think about other expenses. Remember to
always look out for low-cost alternatives, a little bit saved here and there can go a long way.
Lower Taxes
Upon winning your claim and being awarded Social Security disability, you now qualify for lower
tax rates on both your income and property. This is a great benefit and you don’t want to set
aside the chance to increase your income, even if it’s only a marginal gain.
If you’re living with a disability and are in need of assistance applying for benefits, reach out to
our skilled disability lawyers in Oak Ridge today. The team at Kenneth Miller & Associates is here to
help.
