One of my clients asked me for budgeting tips. People with ADHD often describe themselves as not being good with money. Difficulties paying bills on time, struggling to save up and impulsive spending is common. So I did some research, asked around and tried to come up with a few ideas.
Baskets – several people recommended the following tip when shopping online. Add an item to your virtual shopping basket but don’t pay. Keep adding items through the month, but don’t go to the checkout. When pay day comes, review your basket. Do you really need those items? Delete all the things you added on impulse. Only buy what you you really need.
Saving – strategies to try. Give money to a trusted friend or family member for safe keeping and to make sure the money isn’t spent. Set up yet another separate account or multiple savings accounts to save money for specific purposes. Save money in accounts that can’t be accessed for a certain period of time. Keep accurate records of savings and their location.
Accounts – some friends use multiple accounts to separate pots of money on pay day. All the bills go out of one account, which has the correct amount added. Everything that’s left goes into another account for daily use, and fun times. This way the bills always get paid as a priority and late fees are avoided.
Sell things – we can fall into the trap of hoarding unused or barely used items for a rainy day or when we pick up that hobby again. But selling items on eBay or FB market place can really help to declutter our homes and bring in a little extra money. The hardest part is after the sale, remembering to package it up and post it in good time!
Budgeting has to be one of the hardest things to do with ADHD. Do you have any ideas to share? Comment below, or message me via my contact button. I can add your ideas to this post.
