We could all do with some financial help sometimes. Even when you think things are going well, something can take you by surprise and change your circumstances. If you’re struggling with money, or you expect that you’re about to, planning your next move can be difficult. You can often find ways to improve your financial situation, but you might be reluctant to take them. This might be a matter of pride for you, or perhaps you don’t want to feel indebted to anyone. Sometimes, you might just be unaware that help is available. If you’ve run into money troubles, these are some of the forms of help you shouldn’t turn down or ignore.
Welfare or Benefits You Might Be Eligible for
Access welfare or benefits from a government program or perhaps a charity can make you feel all kinds of things. For some people, it feels shameful to need or ask for the help. But if you need some assistance, you shouldn’t feel bad about using the resources that are available to you. You pay taxes partly so that you can get help when you need it. You should research what financial assistance you can access and what you might be eligible for if you need some help with money. These things are there for those who need them.
Help from an Insurance Provider
We also pay for various types of insurance so they can help us when we’re in need. You might pay insurance costs for your car, your home, or your medical care. Turning to your insurance provider when it’s appropriate can often get you out of financial trouble. Sometimes, it’s someone else’s insurance provider who could be responsible for helping you out. If you’ve had an accident, a personal injury lawyer could help you make sure the person responsible (or, more likely, their insurance provider) will pay for the costs your accident incurred. However, filing an insurance claim isn’t always the right choice. It’s important to make sure it will leave you in a better financial position.
No-strings-attached Gifts/Loans from Family or Friends
Some people say never to borrow from or lend to friends or family. Others say you can do it, but it’s best to lend money knowing you might not get it back. Many family members and friends do help each other financially when they need it. The important thing to consider is your relationship and whether a monetary gift or loan could change it in any way. If there are no strings attached to the money someone (say, a parent) is offering you, accepting it could be better than being too proud to let them help.
Free Financial Advice
It’s not just money itself that can help you when you’re in a sticky financial situation. Advice on how you can manage your money better can also be extremely valuable. Any free financial advice you can access shouldn’t be sniffed at. You might be able to find a local charity to give you debt advice, or you might just have a friend who offers to help you do your accounts.
If you run into money trouble, you don’t have to try and survive on your own. There are often places and people to turn to for help.