Are you earning extra income while on SSD?

| Mar 21, 2020 | Social Security Disability | 0 comments

Even though you received approval for your application for Social Security Disability, it may not be enough to cover all your current (or future) expenses. Or, there may come a time when you no longer qualify for benefits but still need a viable income source. 

For either circumstance, HuffPost offers several ways to make money while injured. It cannot hurt to stash some extra money into a savings account, in case your financial situation takes a turn for the worse. 

Rent out a room in your home 

If you own your home, consider renting out an empty room that you do not need. Be sure you look into Georgia’s laws and regulations regarding landlords and tenants. Also, perform background checks on every potential tenant before opening your home. Rather than a tenant, you may prefer to rent a room to travelers passing through your part of town. 

Sell unwanted items  

You likely have a few belongings that you no longer use or want. Now is a good time to go through every room in your house for those items, enlisting someone’s help if your injury leaves you unable to move around much. It is easier than ever to sell items online and do so safely. 

Become an independent contractor  

If you write, edit, design or any similar job that you can easily perform at home, consider becoming an independent contractor. While working from home is a great way to make money, do some research about how taxes work for independent contractors. 

Receiving SSD can help ease your anxieties, but having a backup plan is always a good idea. Tap into extra sources of income to keep yourself financially afloat should a bad situation sour further. 

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