Financial Tips for People with Disabilities
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Financial Tips for People with Disabilities

It is important for all people to manage their finances effectively. However, if you are someone that has a disability, you will face unique challenges when it comes to managing your finances. This is because you have different factors to take into consideration, for example, your employment options may be more limited and you need to manage different streams of income such as your disability benefits. With that being said, read on to discover some tips for managing your finances better.

Financial Tips for People with Disabilities

Make sure you are managing your disability benefits correctly – You will probably be entitled to a certain amount of money in terms of disability benefits every month. It is important that you manage your incomings and outgoings effectively. You should determine how much benefit cash you get, and then calculate all of your outgoings. Do you have more coming in than going out? If so, that’s great news. If not, it shows that you are living beyond your means. Take a look at one of our recent blog posts to find out more about where your money should be going every week.  Firstly, you need to make the effort to reduce your existing expenses. Do you really need all of the subscriptions you are signed up to? Have you enquired about disability discounts? Make sure you call up your energy provider and such like to find out whether you are entitled to go onto a cheaper tariff. You know what they say; if you don’t ask, you don’t get! Once you have done this, you should then find out whether there are any other ways you can make some more cash. For example, could you set up your own business helping other people that are in your position? Perhaps you could do some small tasks for people, for example, you could offer pet sitting services.

Enlist some help – Trying to do everything yourself is admirable, but it does not need to be this way. We all need help sometimes, and there is no shame in asking someone you love and trust to help you manage your money more effectively. After all, money is one thing that can be incredibly difficult to manage on your own. If you find yourself getting stressed and overwhelmed because you cannot cope, unburden it on someone else. Chances are that they will be more than happy to help you.

Invest in income protection – A lot of disabled people do not realise that they are entitled to income protection insurance. In fact, there are specialists companies for this form of insurance, as you can see at It is important to take out this type of policy because it means that you will be protected should you be unable to work in the future for any reason, for example, if your condition has gotten worse. It is also important to stress the fact that employers should not discriminate against you because you have a disability. If you feel that this is something you have been subject to, you may be entitled to make a claim, so this is worth exploring further.

Explore unique income streams – We live in a digital age now, and this means that there are more ways to make some extra money than ever before. This includes taking surveys online and trying out products so that companies can get honest feedback. With regards to the latter, you will often get to keep the product rather than receiving a monetary amount. However, this is a good way to save money on the things you need, or you can also sell the product. You should also have a look online to see whether there are any freelance jobs that you would be capable of doing. Do you have a private driveway that is not in use? You should consider renting this out to someone that works in the area. This is especially beneficial if you live in a busy town or city. It is likely that there are tons of people that spend their mornings looking for a free car parking space. They would welcome being able to park in the same position every day, and the added privacy and security that comes with this. This is a good way to make a little bit of extra cash on a consistent monthly basis. However, please note that you can only do this if the car park is part of your property, and not on the main road.

Make sure you are making the most of all of the disability benefits that are available to you – It doesn’t matter where you live, you should be entitled to some form of disability benefit. However, there are so many people that are not receiving the monetary assistance they should be from the government. Now would be the perfect time to make sure you are getting all of the financial help that is available to you. It is a good idea to enlist the assistance of a friend or family member for this, as it can be quite complicated. Nevertheless, there are likely to be numerous benefits you should be making the most of. For example, in the United Kingdom, you will not need to pay any VAT on disability equipment or adaptations, you will receive a council tax reduction, and there is a cap on water bills for those with a disability.

Hopefully, you now feel more prepared when it comes to managing your finances. It is all about having control over what you have got coming in and out while also looking for alternative ways to make some more money to boost your incomings and savings. From making the most of disability benefits to looking for unique streams of money, there are many options to explore.


Money saving Mom of 1, who loves to travel, cook, and of course spend time with family. We have a family of 3 including Mr. SMSL and of course Diesel our latest addition to the family. I'm glad you are here with me!

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