disability income Archives - Critical Financial

Home Posts Tagged "disability income"

Is Monthly SSDI Enough To Make Ends Meet?

Posted by Joe Wallace on May 14th, 2020 · 0 Comment

Is monthly SSDI enough to make ends meet? To start, it’s important to know what SSDI is and how it differs from a similar program called SSI. Social Security Disability (SSDI) and Supplemental Security Income (SSI) differ in some fairly important ways. According to the official site, SSDI “pays benefits to you and certain family members if you worked long enough and paid Social Security taxes”. Adult...
more →

Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

About the Author

Critical Financials’ Basic Personal Finance Rules

Support Our Advertisers