Managing Finances with ADHD | ADHD Nerds Podcast, Ep. 4
ADHD Jesse・2 minutes read
Tina shares her journey with being diagnosed with ADHD, leading her to explore new career paths helping adults with ADHD manage finances. Practical tips for managing impulsive spending habits include recognizing habits, setting challenges, and using visual aids like whiteboards and Post-its.
Insights
- Tina's personal journey with ADHD led her to transition from accounting to helping adults with ADHD and businesses with accounting services, noticing a trend of ADHD entrepreneurs seeking assistance with finances, highlighting a niche market often overlooked in financial advice.
- Practical tips for managing impulsive spending habits in ADHD individuals include recognizing patterns, using visual aids like whiteboards and Post-its, and fostering open communication with partners, emphasizing the importance of tailored approaches in financial education for children and implementing budgeting techniques like separate bank accounts and zero-based budgeting for financial stability.
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Recent questions
How did Tina's journey with ADHD begin?
Tina's journey with ADHD began when her son was initially diagnosed with high functioning anxiety, leading her to seek help for him. Through this process, Tina discovered information that resonated with her own experiences, eventually leading to her own diagnosis by a psychologist and later by a psychiatrist.
What career realization did Tina have post-diagnosis?
Post-diagnosis, Tina, an accountant, questioned the compatibility of her career with ADHD. Despite enjoying accounting, she felt stuck in the office environment and realized the need for a career change, eventually exploring new paths that aligned better with her diagnosis.
How did Tina transition to a new career path?
Taking time off to consider a career shift, Tina was eventually drawn to helping adults with ADHD and businesses with accounting. She noticed a trend of ADHD entrepreneurs seeking help with finances, which led her to offer money coaching and accounting services, aligning her career with her newfound passion.
What practical tips did Tina offer for breaking impulsive spending cycles?
Tina suggested practical tips for breaking impulsive spending cycles, including recognizing habits, gamifying finances, setting challenges, and using visual aids like whiteboards and Post-its. These strategies help ADHD individuals track spending, remember bills, and stay organized with their finances.
How can managing finances as an ADHD individual in a relationship be challenging?
Managing finances as an ADHD individual in a relationship, whether with a neurodivergent or neurotypical partner, can present challenges that require understanding and communication. Differences in managing money may require compromise and open communication, emphasizing the crucial role of communication for financial goals in a relationship.
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Summary
00:00
"ADHD Journey: From Accounting to Money Coaching"
- Tina shares her personal journey with ADHD, diagnosed after her son, initially treated for high functioning anxiety.
- After seeking help for her son's ADHD, Tina discovered information that resonated with her, leading to her own diagnosis by a psychologist and later by a psychiatrist.
- Tina, an accountant, questioned her career compatibility with ADHD post-diagnosis, feeling stuck and exploring new paths.
- Feeling unsuited for the office environment despite enjoying accounting, Tina realized the need for a career change.
- Taking time off, Tina considered a career shift, eventually drawn to helping adults with ADHD and businesses with accounting.
- Tina noticed a trend of ADHD entrepreneurs seeking help with finances, leading her to offer money coaching and accounting services.
- Financial advice often overlooks impulsive spending habits of ADHD individuals, focusing on external solutions like budgeting without addressing internal struggles.
- Practical tips for breaking impulsive spending cycles include recognizing habits, gamifying finances, setting challenges, and using visual aids like whiteboards and Post-its.
- Visual reminders, like Post-its and whiteboards, help ADHD individuals track spending, remember bills, and stay organized with finances.
- Managing finances as an ADHD individual in a relationship, whether with a neurodivergent or neurotypical partner, can present challenges that require understanding and communication.
13:36
Effective Communication Key to Financial Success
- Communication with your partner is crucial for financial goals in a relationship.
- Differences in managing money may require compromise and open communication.
- Teaching children about finances should start early and be tailored to their understanding.
- Financial advisors and books can provide guidance on talking to kids about money.
- "Worry-Free Money" book suggests budgeting techniques like separate bank accounts for fixed bills.
- Allocating a small amount for impulsive spending can help avoid financial stress.
- Using pen and paper, apps like YNAB, Mint, and Pocketbook, or spreadsheets for budgeting.
- Zero-based budgeting assigns every dollar a job but may not suit everyone initially.
- Personal interests like the Ergodox EZ keyboard or learning about fraud can be engaging distractions.
