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Been In An Accident Lately? Read This

Been In An Accident Lately? Read This

When you’re hurt in some kind of accident, there are a lot of concerns that arise. Will you have enough money to afford the life you’re accustomed to? Can you take care of your family? Will you be forced to go back to work before you’re physically ready because you need the paycheck? Will you ever recover from your injuries and lead a normal life again?

An serious accident can stop you in your tracks. It’s terrifying to think you could lose everything you’ve worked so hard for. You probably know that insurance agencies are not really that excited to give you loads of money for an accident even if you are entitled and really deserve it. It’s good to know what to do to fight against their process so you get what you need to rehabilitate and get back to your life again.

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They put a price on your pain and suffering

It may seem a bit crazy that an accident settlement is determined on the invisible factor of pain and suffering. We all have different pain tolerances and suffering really is subjective. Say you lose a finger, which isn’t worth that much. Your passion in life is to play the piano. Your suffering is going to be far more than someone who doesn’t rely so much on having all 10 fingers. Pain and suffering sits under the legal umbrella of physical, emotion and mental injuries. It’s a measurement of how much less you enjoy your life after your accident.

Of course, this is crazy, but if you want to get what you’re entitled to, you have to accept it and figure out how to make it work for you. Know that insurance adjusters are trying to pay you as little as possible while avoiding a lawsuit. If you don’t feel good about the numbers they’re giving you for pain and suffering, I’d usher out a little “lawsuit” threat and see if they do a bit of recalculating. It’s risky for an insurance company if you file a lawsuit and the case goes to trial. Going to court takes all the control away from them, especially if the judge is sympathetic to your case. All of the calculations of what you’re worth go out the window and you have the upper hand over the insurance agency.

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Insurance companies pay you a little while paying themselves more

Regardless of what you’re entitled to, an insurance adjuster’s job is to pay you out as little as possible. It’s their job to look at the facts and figure out how much the case is worth. They aren’t working for your interests; they’re working for a company. The less they pay you, the more profit the company gains.

Your entitlements include:

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  • Tangible expenses like medical bills and costs. This includes those that have already been incurred and costs necessary in the future.
  • Loss of wages.
  • Damages for pain and suffering.
  • Emotional distress damage.

You may not be able to put all of this information and fight your case on your own. When it comes to emotional distress damage or pain and suffering, your case is stronger when you have an expert opinion. Not only should you be getting a regular check up from your doctor to monitor physical issues, you should also see a psychologist. It could be helpful to talk to someone but you also need a pro to prove you have suffered emotional damage. If you hired a lawyer, this would be a part of their checklist to ensure you get the payment that’s due to you.

You can help measure your pain and suffering by collecting evidence through documentation. Maybe it seems ruthless to have your friends take pictures of you when you’re crying after your accident. To really get what you want, you have to fight fire with fire. Photographs and personal journals can be used to illustrate the amount of physical and emotional pain you’re in. Your friends can also attest to the changes they’ve seen in you since the accident. These are all relevant when it comes to determining how down and out you are.

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Adjusters offer you less even when they know you should get more

Here’s where it gets just plain greedy. It’s the last thing you want to think about getting into an action, that your insurance company would actually try to rip you off, but it’s reality. Adjusters do some number crunching to figure out the maximum you rightfully deserve, then they usually reduce their offer to you by 25 to 50 percent. They do this in order to get a bit of wiggle room during settlement proceedings.

Whatever you do, don’t take the first offer an insurance company offers you. They don’t expect you to anyway so do a little bit of your own tallying of what you should receive. It’s easy to calculate how much you’re spending on medical bills and your doctor has likely eluded to how long your rehabilitation will take. You know more than anyone what your pain and suffering levels are. If you feel depressed or unmotivated, it could take years after the initial accident to live a normal life again.

You don’t need to sell yourself short so don’t pay attention to the explanations and excuses an insurance company throws at you. It’s simply to avoid paying you what you’re owed. The good news is usually the courts are on your side and if you’re not satisfied with settlement offers, you have the option to file a civil lawsuit. This takes the power out of insurance adjuster’s hands in which case, they’ll probably offer you a lot more. You’ll have enough money to take your time getting healthy again and not having to worry about your future.

Featured photo credit: Alexas Fotos via pixabay.com

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Last Updated on June 26, 2020

25 Easy Tips on How to Save Money Fast

25 Easy Tips on How to Save Money Fast

“How to save money fast?” This is the question asked by all of us not in the top 1% of rich people.

If you are looking for ways to drastically reduce your expenses immediately, first look at what you need to spend money on every week. And I mean really need.

You don’t really need to order in food. You don’t really need to buy expensive perfume.

Building from that, you can work out how your regular expenses can be reduced.

As for irregular expenses, they can also be deceptively costly in the long run. Once-off buys can also be tackled with some prudent planning and a little extra research.

And remember: a budgeted lifestyle does not mean a bad or boring one!

But first, understand what budget you can cut down on daily:

  • Regular expenses for the average adult (can be trimmed but not eliminated):
    • food
    • rent/mortgage
    • cell phone
    • insurance
    • socializing/entertainment
    • transportation
    • hygiene products
    • household bills
  • Irregular expenses for the average adult (can be eliminated or cut down a lot):
    • travel
    • clothing
    • medication (*depends)
    • grooming (hair, nails etc.)
    • gifts

Now, let’s dive right into the 25 ways to save money fast:

Save Money on Food

1. Bring a stock of food to the office/work

Instead of popping out for an overpriced salad and a smoothie, leave a set of basic utensils at the office as well as a stock of non-perishable goods such as tinned fruit, tuna, rice crackers and so on (try to avoid the junk food and this can turn into a pretty great diet!).

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Stocking up means you won’t forget or say “I didn’t have the time” when you rushed out to work in the morning.

2. Buy the store-brand version

Many basic foods, such as bread and milk, will taste exactly the same as their branded alternatives. Go for stuff with minimal additives and preservatives. Meat in a tube is probably insanely unhealthy!

3. Eat cheaper cuts of meat

Learn how to tenderize and flavour cheaper meat and fish, and save on the (typically) most expensive item on your grocery bill.

4. Have group dinners

If 10 friends put $5 each in the kitty, it’s pretty easy to make a giant lasagne and get refreshments, as well as hang out with your favourite people.

Save Money in Transport

5. Get a bicycle

Save on gas money and bus/metro fares with this underrated mode of transport.

6. Use public transport and/or don’t get taxis

Some places can only be reached by car. But as a good practise, check your public transport website and see if any routes pass nearby where you need to get to. Walk as much as you can.

7. Find the cheapest gas

Regularly check out where the cheapest gas can be bought.

Save Money in General Shopping

8. Shop online

Not only will you save on the gas or transport fares from going to the shopping mall but you will also find better deals

9. Sell your old stuff

Get your unwanted belongings up on eBay ASAP and earn a few dollars.

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Here’re more ideas for you: 25 Things to Sell to Make a Lot of Money

10. Bulk buying stores

For regular non-perishable/slow perishable purchases such as toilet paper, cat food, pasta, washing powder and so on, do an epic stocking-up trip to a co-op or equivalent (my mum used to go to a place that restaurants buy from).

Be wary of supermarket “deals”, as some have been found to be fraudulent after working out a simple calculation.

11. Become a flea market/car boot sale/street market guru

You can find original gifts and develop good negotiation skills at these places.

12. Generic brand medication

More often than not, the generic version of paracetamol and other basics work the same as the branded version.

13. Choose deodorant, not perfume

It blows my mind when someone drops $70 on a bottle of spray. Stick with a nice deodorant, and not only will you smell just fine but you’ll be sweat-free as well!

Cut Down on Household Expenses

14. Printing

Ink is one of the most expensive substances in the office and coloured ink is doubly so. B

e more efficient and choose black and white, and if your printer doesn’t have a print-both-sides options, just print odd pages first, re-insert the paper and print even pages.

Expand the margins of what you are printing as often as you can to save on paper.

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15. Minimize SMS and phone calls

A combination of a free chat service such as WhatsApp and a free call service such as Skype can reduce your bill to nothing (so long as you have a decent Wifi connection).

16. Shop around for insurance

Most people don’t spend enough time searching for the best insurance deal.

Keep a watchful eye out for deals and new competitors in the market.

17. Try re-negotiating your rent/mortgage

If you have built up a good credit history or a good rapport with your landlord, then chances are a frank chat about needing to tighten your spending could result in lowering your payments. You’ve nothing to lose from trying.

18. Don’t get a TV

Invest in a computer/laptop and an internet-only package. You can watch more (and often better) entertainment on the web, and skip the advertisements as well.

19. Pool your internet bill with a neighbour

My apartment building is basically a big old house split into three apartments. There are five of us in total. We pool the internet bill, making it crazy cheap.

Save Money in Socializing, Entertainment And Travel

20. Have house parties

Instead of paying for overpriced drinks, set up a series of in-house get-togethers with your friends. Everyone takes a turn, so it’s not always your house that needs cleaning.

For sound insulation, hang heavy drapes on the walls and windows. For music, invest in a good second-hand set of speakers which you can connect to your computer. Let Spotify or Grooveshark playlists do the rest.

21. Open festivals, meetups and events

It never fails to surprise me how much underground stuff goes on around me for free or for very cheap. Find out who runs the blogs and websites that list all the less well-known cultural activities.

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22. Volunteer

If you can’t pay for a ticket, volunteer and get to be there anyway.

23. Housesit

There are multiple housesitting websites offering you the possibility to avoid paying hotels and skip the discomfort of crummy hostels.

Save Money on Hygiene and Beauty

24. DIY beauty

French manicures, pedicures, waxing, eyebrows… pretty much all of these can be achieved at home (and done well) with some practise. There are plenty excellent blogs and YouTube tutorials to help.

25. Fewer haircuts/volunteer at a trainee hairdresser

If you can’t bear the risk of a trainee touching your locks, learn more ways to manipulate your hair as it grows and get haircuts sparingly. Women’s haircuts are outrageously priced in many cities.

Bonus: Effective Money-Saving Tips for Everything

Here’s a summary of what you can generally do to save more money:

  • Share/pool resources. Organize a neighbourhood sharing scheme, common resources for your apartment block or with your friends. Not everybody needs an individual lawnmower.
  • Buy energy-saving everything. The easiest way to lower your bills – replace those lightbulbs!
  • Buy in bulk. Be sensible about it (i.e. make sure you have space!), and drastically reduce weekly expenditure.
  • DIY. Skill up using YouTube tutorials on plumbing and many other essential services so you never have to pay for simple problems again.
  • Research a lot before making a decision. Most money-wasting is the result of poor preparation and planning. Don’t shirk this part just because you don’t like it!
  • Use your network. Your network is full of resources that can ease the pain of budgeting. Ask for help.
  • Stop and think. Do I really need it?

Unfortunately, there are some things that require plain ol’ giving up for the time being. This can include high-cost sports such as skiing, the latest versions of some technologies, the finest brands of food/drinks, premier seats at the opera and most other indulgences.

What is important to remember during lean times is that when you look back on your life, it will be the experiences that stand out, not the extra comforts.

Living on a budget can teach you a lot about how much you can really get out of your paycheck. We only live one life, so make the most of every penny you earn!

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Featured photo credit: Unsplash via unsplash.com

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