Money Mondays banner - street signs at an intersection reading: Freedom, Support, Ticket, Work, SelfThe end of a calendar year and start of a new one is a time when many people reflect on their money goals. How are you doing on your path to financial independence? You can use the following resources to make sure you are on track with your money today. Read more...

Access to Employment Support Services for Social Security Disability Beneficiaries Who Want to Work
 
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Money Mondays: Three Checks to Run on Your Finances for the New Year

Jan 5, 2015

Money Mondays bannerThe end of a calendar year and start of a new one is a time when many people reflect on their money goals. How are you doing on your path to financial independence? You can use the following resources to make sure you are on track with your money today.

1. Review your budget - Did you get a job, raise or promotion this year? If you were lucky enough to increase your income in 2014, it may be the perfect time to check your progress or update your budget. Ask yourself - am I sticking to my budget? If you haven't made a budget before, resources are available to help. Follow these steps to create a budget and plan for your expenses.

2. Start preparing your 2014 taxes - Tax season is upon us! Another good way to reflect on your finances in the new year is to begin preparing your 2014 taxes. Visit this blog post for tips, forms, videos and other resources to help you get started. Don't forget - many people with disabilities are eligible for special tax deductions. To see what deductions may apply to you, view this list of tax credits for people with disabilities.

3. Check your saving limit - If you receive Supplemental Security Income (SSI), make sure you know whether your total resources (for example, the total of your cash, checking and savings accounts, or stocks, bonds or IRAs) are within the program guidelines. This will help you expect changes to your cash benefits and avoid overpayments. Remember, if you exceed cash benefit limits, your cash benefits will stop. Read these Money Monday blog posts to learn more about how you can save and still receive your benefits:

What Disability Beneficiaries Should Know about Saving their Money
Saving Under Social Security's Plan to Achieve Self-Support (PASS)
More Information about Saving Money While Receiving Supplemental Security Income (SSI)

Did you make progress on your financial goals in 2015? Post your thoughts or questions in the comments below!

 

If you or someone you know is a Social Security disability beneficiary who wants to work, call the Ticket to Work Help Line at 1-866-968-7842 (V) or 1-866-833-2967 (TTY).