A theme park visit with the family is perhaps the most exciting thing. But accidents may happen because of risky rides and other hazards. Unfortunately, they can leave you injured and emotionally drained, even more, when you are not at fault. Imagine the stress your injuries and lost wages can cause, and it gets only worse when you know that a negligent ride operator or business owner is responsible for your woes. You feel wronged when a fun adventure turns into the worst nightmare.
The saddest part is that your finances also get hit after the mishap because of the treatment costs, rehab expenses, home modifications, pay cuts, or a potential job loss. But there’s a silver lining to the situation, as you are in a better place to recover financially after a mishap where another person is guilty. You can also use some more money-related insights to get your finances back on track. Here are some valuable pieces of money-savvy advice that theme park accident victims can rely on.
Do not skimp on medical treatment
Although being money-savvy is about saving as much as possible, skimping on medical treatment is the last thing you should do after an accident. You may be tempted to skip a hospital visit if there are no visible injuries after the mishap. But underlying damage is always a concern, and its symptoms may not surface immediately or even for weeks. However, you may face severe complications later, and treating them could burden your wallet. It is better to get a thorough check-up right after the accident and address the problems without delay. The records and reports can also help with a compensation claim later.
Minimize your daily expenses
Medical treatment and damage repair can burn a hole in your wallet after a theme park accident. The best way to reset your finances is by cutting down your daily expenses as much as possible. You may have to make significant lifestyle changes to stay afloat and avoid debts, but it is the most sensible financial decision in such a situation. Consider giving up on non-essential services, lower your grocery bills, and avoid luxuries like shopping and eating out.
Claim personal injury compensation
Although everything about getting injured in a theme park accident is painful, the only thing that works in your favor is that you may claim personal injury compensation from the owner. But you must seek help from a personal injury attorney sooner than later to initiate the claim within the statute of limitation. Proving theme park negligence may be tricky, but an expert can help you do it. Moreover, they ensure that you get enough coverage to resolve your financial woes, from medical bills to pay cuts and everything else.
Rework your budget
This one is a no-brainer because you must absolutely rework your budgets when your expenses and income change. A severe accident in a theme park can affect your expenses by adding treatment costs, rehab sessions, and home modification spending to your budget. At the same time, staying at home affects your income due to wage losses. A debilitating injury may even leave you incapacitated and out of work. Consider your current income and expenses to create a fresh budget for your family. Also, ensure leaving ample room for emergency savings, no matter how challenging it is to set aside money for emergencies.
Explore alternative income streams
You cannot undermine the significance of every extra dollar you can bring home after the accident. The best way to do it is by focusing on recovery and returning to work as soon as possible. Consider seeking remote work opportunities or working in a different role with your employer. If the employer agrees, you may get the income flowing despite still being on the road to recovery. A long-term disability may lead to a job loss, but you can pick a work-from-home hustle to regain your income and confidence. Encourage your spouse and grown-up kids to contribute to family finances through extra income. Your spouse can start a side hustle, and kids can take up a part-time job if they are old enough.
Physical recovery from a theme park accident injury will have specific timelines. But you can do your bit to speed up the financial comeback. You only have to be money-savvy enough to save every dollar possible and get the household income churning again. Although there is no magic solution to do it, embracing these money-savvy tricks can get you on the right track.
