“Do not save what is left after spending but spend what is left after saving.” — Warren BuffettWe’re taught this money-management principle from a young age and the advice is sound, but hardly straightforward — especially when ADHD impulsivity, time blindness, and executive function challenges make it difficult to plan and meet financial goals.In a recent ADDitude survey, 47% of adults with ADHD said they are dissatisfied with their money management and budgeting.
The top challenges were:When asked to size up their money-management skills, the 1,869 respondents largely pointed to problems with execution, not education. “I know ‘what’ to do,” wrote one ADDitude reader. “Getting my brain to apply this to tangible actions is the crux of the problem.”Some said they dodge the topic of money altogether: “I don’t go to meetings with my financial planner.
I find it far too stressful with dyscalculia and dismal impulse control. It just becomes a blame game. My partner goes for the both of us.”Another wrote: “I can’t resist impulse buying, so I cannot get out of debt and can’t save for anything.
I know nothing about investing because I’ve never had money to invest.”[Download: The ADHD-Friendly Budgeting Guide]The most helpful money-management services and support networks, according to ADDitude readers, include the following:Ninety-three percent of respondents reported hiring an ADHD coach, making it the most popular option.
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