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How to Manage Money When You Have ADHD

NewLifeOutlook TeamNewLifeOutlook Team
Jul 20, 2016

If you have ADHD, you likely know the woes of managing money. The odds may seem against you, but you can take control of your financial life.

Watch the video above for some tips on getting your finances in order, or read the written summary below.

Don’t Give up on Your Budget

The organization and time traditional budgeting requires can be a struggle, but don’t give up on finding a suitable budget for you!

Spot Problematic Patterns

Take a look at your spending habits and weaknesses, and work on conquering them one at a time with small steps.

Set Clear Goals

Focus your energy and attention by setting short and long-term goals, like paying off some credit card debt and saving for a big purchase.

Simplify

Use a spreadsheet or an app to keep track of your incoming and outgoing money.

Set up automatic transfers and payments, and try to take care of finances online to save time and energy.

Give Yourself an Allowance

Keep a certain amount of cash on you for the week, and don’t spend any more than that on non-essential items.

Use Envelopes

Keep an envelope taped to your desk or hung on a wall to collect receipts as they come in.

Seal and label it at the end of the month, and put up a new one for the next month. You’ll thank us come tax time!

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