Reducing your spending is just as important as increasing cash flow to your overall financial health. To help you realize this fact, you can use our Benefits of Spending Less calculator.

As we discussed before, one of the benefits of setting up a budget is that you can clearly see your essential and non-essential spending each month. Essential expenses (like food and housing costs) are hard to trim. Non-essential expenses (like eating out, entertainment and hobby expenses) may be painful to cut out, but still possible.

Cutting back on even one small category (like a store bought coffee each day) can have a big long term impact on your savings. To see how even a little savings can add up, we offer a Savings by Cutting Back calculator for your use.

Debt management. Getting a handle on your debts and keeping them under control is extremely important. With limited income and increased medical expenses, your debts can quickly spiral out of control and potentially lead to bankruptcy. Before this happens, try applying some basic debt management tips.

First, you must figure out what your current debt situation is. To help with this, we provide a calculator to figure out how much you owe.

If you have credit card debts, your goal should be to pay off high interest credit cards or consolidate them to save on interest charges. To help illustrate how you can roll down your credit card debt, try our Credit Card Roll Down calculator.

We also provide a Personal Debt Consolidation calculator for your use.

If you own your own home, it may be possible for you to get out from under high interest credit card payments by consolidating your debt into your mortgage. To see the potential savings for doing so, use our Mortgage Debt Consolidation calculator.

Mortgage refinancing. If you own your home and are paying a high interest rate, refinancing your mortgage may result in lower monthly payments. The general rule of thumb is that you should refinance your mortgage when you can improve your current interest rate by at least two percentage points. To help you see the potential savings, plug in your mortgage figure into our Refinance Interest Savings calculator.

Other ways to decrease expenses. Once you finally get awarded SSDI benefits, you must decide how to receive these monthly benefits. It's important to review all your options in order to minimize potential un-necessary expenses.