It can be hard to make ends meet, especially in today’s world where there are so many new gadgets and technologies cropping up that we want to buy. According to research by the U.S. Census, nearly 146.4 million Americans—nearly half the national population—fall into the category of low-income earners. What’s more, a majority of these low-income earners are just barely teetering on the poverty line.
If you find yourself in a difficult financial situation, you are clearly not alone. For individuals who live without any dependents, the federal government considers you to be low-income status if you earn between $11,490 and $22,865.10. Fortunately, if this looks like your financial situation, there are certain established money management outlets that can help to ease the strain on your bank account.
In all states, low-income individuals are likely to be eligible for free or low-cost healthcare through an established Medicaid program. It is a well-known fact that healthcare in the U.S. is extremely expensive, making it challenging even for individuals who are not low-income earners to afford their medical bills and prescriptions. But with the assistance of medication, low income earners can be relieved of the steep medical costs by applying online.
In some scenarios, certain individuals with incomes that are higher than the Medicaid guidelines can qualify, especially when applying for assistance as a pregnant woman or for a child. Medicaid well oftentimes include coverage for most birth control methods, transportation to family planning visits, comprehensive health history and physical examinations, screening for certain diseases and cancers, and diagnostic laboratory testing, amongst other benefits. This can lend a great amount of assistance to people who require proper medical attention but are facing financial troubles.
Assistance for Rent, Utilities, and Other Needs
In addition to healthcare assistance, low-income earners can also seek help to pay for mortgage, rent, and utility bills. In the U.S., rent is one of the fastest-rising expenses and seems to be increasing every year with no end in sight. For low-income earners, affording a residence can seem like an insurmountable burden, making housing assistance programs all the more advantageous in dire situations.
Though the assistance programs for rent and mortgage very by state, low-income earners can research the resources that are available to help homeowners at risk for foreclosure or eviction. Programs like One Shot Deal in New York can give families who are in a financial crisis a one- time grant to avoid eviction. This aid can give individuals the needed time to organize their finances so as not to lose all of the comforts that come with their home.
Low-income individuals can also apply for funding towards gas and electric bills. Certain programs can only offer a one-time bail out, but this can still be drastically helpful to individuals who need to afford these bills on a month-by-month basis. Overtime, utility bills can really add up, and being relieved of this financial burden for any period of time can allow a person to be less troubled by their monthly earnings.
Additionally, there may be public funding for a variety of other needs, such as purchasing food. For people who may need to purchase electronic gadgets, like phones or computers, in order to be better prepared to enter the workforce or education system, there is the option of buying a refurbished device. Refurbished phones and other tech products work the same as other devices but will help individuals save large amounts of money on purchasing new items.
If you are finding it challenging to pay on of your bills and make ends meet with your current earnings, you may want to consider assistance programs in healthcare and housing to ease your financial pressures and allow you to get your budget in order.
Credits: Jackie Edwards