5 Financial Tips For Families Having Disabled Kids
There is not denying the fact that raising children is an expensive, difficult yet fulfilling task for
parents. Raising children with disabilities is no different yet for some reason; it tends to put more
financial stress on their parents. Insurances may be of help but only to a certain extent and can
be rather difficult to obtain if certain diagnoses were made prior to purchasing. Here are helpful
parenting tips to make dealing with financial issues easier.
1. SSI or also known as Supplemental Security Income can help families with low incomes for
financial support. The amount of income that the family has will be the basis of the amount to be
awarded every month. Not only that, SSI will also provide the child Medicaid benefits that will
cover future medical expenses. Families are to apply every year to continuously receive
2. Programs such as DDD for Division of Developmental Disabilities are willing to help children
with disabilities. What’s good about this is that applicant need not provide their proof of income
because the DDD does not consider it as a factor. If you get accepted, you will get a case
manager that you can inquire to about the available stipends. Your case manager will also be
able to help you in choosing which financial help to get and the one that best fits your situation.
Case managers are also good in reviewing your needs and what you can do to further improve
3. Social services in every country have their own fund to help out those in need. Again for this
one, you don’t have to provide any proofs of financial income to get help but in order to qualify
for this; your child’s expenses must exceed 10% of your total income.
4. Not all families qualify for financial aid programs; if you happen to one of these families, you
can always start a fundraising activity for your child. Car washes, auctions, bazaars or cook-offs
are just a few examples of what you can do to start earning money. Get everyone’s attention by
giving out flyers about your child’s condition. This will give people a better insight about your
current situation and they’ll me more than willing to shed some light on the situation.
5. Ask for help online. More and more people are on the internet nowadays so the word will
spread faster. Encourage those who are willing to donate to send their donations online. If in
case you are planning to donate online, make sure you pull out your credit report and check
credit score first to make sure that you are within your credit’s limit.
Don’t stop yourself from giving your child what he or she needs. Don’t rely on insurance alone to
cover for all your expenses; otherwise you’ll end up compromising your child’s health. Be
prepared and raise enough money to avoid financial constraints and to provide the utmost care
for your child.
Joy is an active blogger who is fond of sharing interesting finance management tips to
encourage people to manage their personal finances. More specifically, she advocates that
people check their credit score regularly. Follow Joy and discover more on financial tips for
parents of college going students.