Increasing Cash Flow
Money is generally in short supply for anyone going through the Social Security Disability Insurance (SSDI) claims process. So, identifying current and future sources of income is a top priority.
Turning to friends and family for financial support is sometimes an option. The goal for most people, however, is to remain financially independent for as long as possible.
Following are some ways to achieve this goal.
- Personal resources. For those just starting the SSDI process, the financial resources you can draw on will depend on your existing savings and other assets. This is known as your financial net worth. To help you identify all the immediate financial resources at your disposal, we offer a net worth calculator for your use.
- Your spouse's income. If your spouse works, adds hours or returns to work, this can add to the money coming into your home.
- Your SSDI income. If you are contemplating applying for SSDI benefits, use this Social Security benefits calculator to learn what your monthly benefit amount is likely to be.
- Financial assistance programs. There are many federal, state and local government, and privately funded programs available that also can help.
Additional information on securing income sources is available.