adhd and money

Managing money with ADHD can feel like an extreme sport—one moment you’re on top of things, and the next, you’re wondering where all your cash disappeared. Impulse spending, forgetting to pay bills, and struggling with budgeting are common hurdles. But don’t worry, financial chaos doesn’t have to be a forever thing!

ADHD and Money: Why It’s Tricky

ADHD affects executive function, which means organization, impulse control, and long-term planning can be challenging. This can lead to:

• Impulse Spending: "Ooh, shiny!" Before you know it, you've bought something you don’t need.

• Forgetting to Pay Bills: You meant to pay it... but, oops, out of sight, out of mind.

• Struggles with Budgeting: Numbers? Math? Future planning? Feels overwhelming.

• Avoiding Finances: The stress of looking at your bank account can lead to avoidance and anxiety.

Strategies for Managing Money with ADHD

1. Automate Everything

Set up automatic payments for bills and savings so you don’t have to rely on memory. If it’s out of your hands, you’re less likely to forget!

2. Use ADHD-Friendly Budgeting Apps

Traditional budgeting might not work, but apps like YNAB (You Need a Budget), Mint, or Goodbudget can help track spending in a way that makes sense for ADHD brains.

3. Impulse Spending? Use the 48-Hour Rule

Before making an unplanned purchase, wait 48 hours. If you still want it (and can afford it), go for it. Often, the urge will pass!

4. Separate Your Money

Create multiple bank accounts—one for bills, one for spending, and one for savings. This prevents accidental overspending and ensures important expenses get covered first.

5. Set Up Money Check-Ins

Instead of stressing out about money, schedule a weekly 10-minute check-in to review finances. Keep it simple and consistent so it doesn’t feel overwhelming.

6. Use Cash or Prepaid Cards

If credit cards tempt you to overspend, try using cash or a prepaid card for discretionary spending. When it’s gone, it’s gone—no overdraft surprises!

7. Create Fun Savings Goals

Saving can feel boring, so give your goals exciting names like "Epic Vacation Fund" or "Dream Laptop Savings." This makes saving feel more rewarding and motivating.

8. Accountability Helps

Find an ADHD-friendly financial accountability buddy—a friend, partner, or coach—to help keep you on track and celebrate your progress.

You CAN Master Your Money

ADHD and money management may not come naturally, but with the right strategies, you can take control of your finances without the stress. Start small, experiment with what works for you, and remember—it’s all about progress, not perfection!