MANAGING MONEY WITH ADHD | how to create a budget, automate your finances and avoid impulsive spending

MANAGING MONEY WITH ADHD | how to create a budget, automate your finances and avoid impulsive spending

HomeLexa: The Avocado Toast BudgetMANAGING MONEY WITH ADHD | how to create a budget, automate your finances and avoid impulsive spending
MANAGING MONEY WITH ADHD | how to create a budget, automate your finances and avoid impulsive spending
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We're talking tips for budgeting and managing your money while having ADHD! Tips to stop impulsive spending, automate your finances and reach your savings goals.

JOIN THE DIRECT WAITING LIST: http://bit.ly/lexatheavocadotoastbudget

PART 2 | DO’S AND DON’TS OF BUDGETING WITH ADHD
https://youtu.be/mAQ1zXk_tnc

PART 3 | GET STARTED AND STICK TO YOUR BUDGET WITH ADHD
https://youtu.be/yYwbZeJ8TNg

. . .

️ FINANCIAL SURVIVAL GUIDE ️
Learn how to save money, create a budget that works for you, pay off debt, and invest.
https://ezbiolink.com/financialsurvivalguide
. . .

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DESCRIPTION:
Today we're talking about budgeting and managing your money while you have ADHD!

1. Automate your finances
One of the best ways to ensure you stick to a budget is to make it as simple and automated as possible. Digit is partnering with MetaBank on a new app called Direct.

Direct AUTOMATICALLY classifies your money in 3 places:
– ECONOMY
– EXPENSES
– INVOICES

2. Listen to your budget, not your bank account
Seeing a large amount in your bank account on payday can make it seem like you have tons of money. Since people with ADHD often have difficulty dealing with the permanence of objects, we can forget that money needs to cover upcoming bills, utilities, rent, etc. Instead, you want to look at your budget to see how much you need to spend. Your budget will remind you of all the expenses your salary needs to cover so you can be more realistic with your extra spending money.

3. Manage impulsive spending
Spending is often tied to emotions, so it's important to give yourself a chance to step back and ask yourself if you really want to spend money on this item. I give myself 24 hours on any non-essential Amazon purchases. They have to wait 24 hours in my cart before I can buy them. I usually forget about them and realize I didn't really want to buy that thing.

4. ADHD, dopamine and finances
People with ADHD often crave doses of dopamine because we often have less dopamine in our system. We tend to get bored or lose interest in monotonous activities. It is therefore important to focus on short-term goals and treat yourself to small, frequent financial gains! you want to balance your short, medium and long term financial goals.

5. Visuals, visuals, visuals
Take advantage of visual savings and debt repayment tracking tools to help you stay motivated and achieve your financial goals.

Here is a link to my free printables that include a financial guide, savings trackers, and debt payoff trackers: https://drive.google.com/drive/folders/10NvMwWDXKIcRZjFcQf4TXSZUxNInlgOy?usp= sharing

CHAPTERS:
0:00 intro
1:06 Automate your finances
4:24 Listen to your budget, not your bank account
7:03 Managing impulsive spending
10:25 a.m. ADHD, dopamine and finances
11:47 Visuals, visuals, visuals
1:07 p.m., exit

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The opinions expressed in this video are my own and should not be construed as professional financial advice. I am not a certified financial advisor.

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