5 Steps to Manage Your Money with ADHD
Impulse spending, not being able to work on tasks that are boring, and lack of focus can make managing your finances something that you avoid at all costs. But a few steps can make this area of your life one that runs like a well oiled machine.
I haven’t been officially diagnosed, but thanks to TikTok, I am fairly certain that I have ADHD and when I look at my finances, I can see how I have been able to manage this area of my life without a lot of difficulty. Here are the things that I do that help me!
I don’t save my credit cards online. When I want to purchase something I have to grab my credit card and type it in. You would likely be shocked at how many times I didn’t buy the things because I didn’t want to get up to get my cc!
I don’t have my inbox cluttered up with emails that make me want to spend. If I need something, I do keep an eye out for promotions but I don’t want them hitting my inbox because that significantly increases my impulse spending.
I have a bank account that is strictly for me to spend on whatever I want. Each payday money is automatically deposited into my spending account. It gives me freedom to spend on things I want without derailing all of my bigger goals and plans.
I also have multiple savings accounts. These accounts all have specific names based on what they are used for. From car maintenance to new technology and everything in between, I have an account. I also have automatic transfers to each of these accounts every payday. The automation paired with the money having a specific job as soon as it hits the account, decreases the temptation to spend it on something else. These accounts are also at a bank that is different from my main bank, and spending account so I don’t see it all the time. Out of sight, out of mind for the win.
The biggest piece of the puzzle is that I have a budget that works for me. It includes the things that I enjoy (like saving for travel), and all of the monthly expenses. I also take this plan and use it to map out my cashflow long term. This helps me to see the big picture of my money and what a spending decision today will have on my future.
Setting all of this up wasn’t easy, and I continue to change and tweak things as I learn and grow, but I want to encourage you today to take a few small steps to taking control of your finances. If you’re feeling overwhelmed with where to start and you are ready for help and accountability, click HERE to book a free call to learn how we can make it happen together!
