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As someone with ADHD, I know firsthand how challenging it can be to manage your money. Without the right tools and strategies, we can make impulsive decisions that we later regret. But through my personal journey, I’ve discovered some tips and tricks that have helped me cultivate a life of freedom and flexibility, where I can focus on the things that matter most to me. In this post, I’ll share my ADHD money management tips with you.
Understanding Your Motivations
First and foremost, it’s important to get clear on your motivations. For me, it was about owning my time and achieving financial and time freedom. When you understand what’s truly important to you, you can create emotional triggers that will counterbalance your impulsive spending habits. By asking yourself whether a purchase moves you towards or away from your values, you can make better decisions that align with your goals.
Getting to the Root of Impulse Spending
Next, you need to get to the root of your impulse spending. Social media, promotional emails, and shopping malls are all common triggers. Remember, shopping is not a sport! Rather than relying on magical thinking or bargaining with yourself, try to be realistic about your spending habits. You can also enlist the help of someone who can support you and help you create a step-by-step plan to get out of any financial holes.
Building Mindful Money Habits
Building mindful money habits is key. Tracking your spending is a great way to start. I use the app Mint to monitor my expenses on a daily, weekly, and monthly basis. Automating bills and creating a system of alerts can also help you stay on top of your finances. Start building mindful money habits by tracking your spending and automating bills.
Finding Online Money Mentors
Finding online money mentors who inspire you and feel relatable and trustworthy is another great step. There are so many personal finance bloggers out there who share their journeys and offer valuable insights. Remember, what you focus on grows, so focus on the possibilities rather than the lack. Finding mentors who can offer you support and guidance can make all the difference in your financial journey.
Facing Your Shame
Facing your shame is another important step. Our finances are often a mess because we’re ashamed of how bad they are, so we avoid them which makes them worse. Get help from someone who’s primary role is to support you – not shame you. Someone who is not impacted by your decisions. Have them help you make sense of where you are and what steps to take to get out of any hole you’re in. Going this alone is really hard because shame, overwhelm and not knowing what you’re doing can be paralyzing.
ADHD + Money Final Thoughts
Managing your money with ADHD can be challenging, but with the right strategies, it’s possible to achieve financial freedom and flexibility. Remember to focus on your values, understand your triggers, and build mindful money habits. By doing so, you can start making better decisions and achieve your financial goals.
Incorporating these tips into your daily life can help you manage your money and make better financial decisions. Remember that it takes time and patience to build new habits, but with persistence and determination, you can achieve your financial goals. Don’t let ADHD hold you back from managing your money effectively – take control of your finances today!