Cancelled claims indicating improved finances

Some feel the high number of cancelled ESA claims indicates a change of financial situation.

08:53 04 June 2013

News is that many people who submitted claims for ESA closed them out, with the Tories being concerned that it was due to the testing.

 

Some oppose that by saying it’s possible applicants found other assistance more suitable to their situation, or found employment and no longer needed the benefits, but the numbers of cancelled claims were in the 800,000’s - which could be cause for concern regarding the system that deals with welfare finances. 

 

Hopefully these numbers indicate that people’s finances are improving, but if not there could be many people sweating over how they will find their next meal. Here are a few ways to try and improve finances:

 

• Social fund-if you qualify for help from this fund it could make your finances better and help you get back on track if you’ve had a momentary issue or temporary setback. 

 

• Relocate-this isn’t always an option for people, but it’s true that considering relocating to a less expensive area of town, or as a result of a job change might be a significant improvement for finances. 

 

• Savings-of course it is easier said than done, but setting aside even small amounts on a monthly basis can accrue at least a little bit of an emergency funds to stave off some of the unexpected costs that crop up during the month. 

 

• Pensions-while planning for your current financial situation is imperative, part of improving your finances is planning for the future as well to avoid potential pitfalls that could land you in financially precarious situations. 

 

• Employment-if part of improving finances involves finding a job, or finding one that pays better, you might be able to use technology to do part time work from home. You might even be able to work anywhere in the world if you search for online employment options.