Financial PlanningDealing with a chronic disease or disabling injury can be difficult. Many of these difficulties are emotional; some of them are financial. That's why managing your money should be a part of managing your health. A good way to get started is to have a financial plan.
Financial planning is the process of assessing your financial goals, taking an inventory of the money and other assets you already have to help you reach those goals, and estimating what you will need in the future.
Financial planning also includes:
- Using a monthly spending plan, or budget, to keep your finances on track.
- Making decisions about your job and job benefits.
- Getting the most out of other financial resources, including insurance and government assistance. Saving and investing money.
- Controlling expenses and staying out of debt. Planning your estate.
Saving money isn't easy, and it's especially tough when you have a lot of medical bills or you are unable to work as much. But saving even a small amount of money every month can help you feel more in control of your life.