Top 10 Financial Management Tips for ADHD Individuals
1.Establish Unambiguous Financial Objectives
1.Establish Unambiguous Financial Objectives
Setting goals is helpful maintaining forward momentum, e.g. putting money down for a future vacation, paying off existing debt, or an emergency fund.
2.Set a Budget
People with ADHD may find it easier to keep to
their budget if they
colorcode categories of their spending and set reminder
3.Get Your Finances on Autopilot
3.Get Your Finances on Autopilot
To prevent late payments and overdraft costs, you should think about automated alerts and reminders.
4. Keep Your Financial Documents Organised
4. Keep Your Financial Documents Organised
Color-coding or labelling the Documents & folders can make it easier to find what you’re looking for
5. Make Use of Different Visual Aid
Make use of financial apps that
offer graphical representations of
spending pattern
6.Restrict Your Ad-hoc Purchase
Before making any purchases that aren’t absolutely necessary, give yourself a “cooling-off” period first. This will help you avoid making impulse buys.
7.Make Use of Financial Programs and Tools
7.Make Use of Financial Programs and Tools
Automate processes, and give you with information regarding your spending and saving patterns.
8.Self-Care is Necessary
Include mindfulness and Iactivities designed to promote self-care into their daily routine. For Example: Meditation
9.Build a Support System Around You
It is okay to seek help from your loved ones and friends; don’t be hesitant to do so
10.Self-Audits and Course Correction
Evaluate both your financial goals and your progress toward achieving them, Redefine your strategies as needed