Good intentions aren’t enough. ADHD money management systems, on the other hand, can help you prepare now for a better tomorrow. Smart (and ultimately successful) people use systems to increase productivity, improve efficiency and to save their sanity. One of the ADHD side effects I always look for is poor money management.
You have ambitions, a vision for your future and important goals. Your dreams might include owning your own home, buying a revenue property, retiring early or starting your own business. These dreams all demand money, probably more than you have right now.
Of course, you’ll need to make some choices, prioritize your objectives and define exactly what you’re trying to accomplish, but once you do that, you’ll need more than good intentions to make your dreams come true.
Successful adults with ADHD will tell you that the key to success is not relying on your own abilities to get things done. The real secret is using your abilities to set up systems. ADHD systems for money management are particularly powerful. These systems take over the mundane, repetitive tasks you are unable to do (and that would be a waste of your intelligence, creativity and energy.)
The most common money management and retirement planning solutions used by adults with ADHD include:
- doing nothing (spending every penny you make just to get by and not putting any money away for a rainy day falls into this category), hoping you’ll either win the lottery or be able to move in with your kids when you retire.
- using credit cards, “easy” payment plans and debt consolidation to keep digging a deeper hole you plan to “magically” get out of when you finally strike it rich.
- relying on someone else (your spouse is usually stuck with this task, although if you’re single, this option is usually replaced by one of the first two.)
- swearing that this year will be better, you vow to prepare a budget, pay yourself at least 10% of your income first, plan for your taxes by making smart investments, charitable donations and wise business moves (this plan typically lasts until the credit card bills come in and you revert back to one of the previous three options.)
There is no magic solution for having enough money to make your dreams come true. While you are young, working and earning, you must save money for the future. One of the most common symptoms of ADHD in adults is lower earnings and poor financial “health.” That’s because promises, intentions and hopes won’t cut it. ADHD money management systems, however, can enable you to have a very successful financial future.
In fact, do it right and this is one of those occasions where ADHD works to your advantage. Every personal finance guru will tell you to set yourself up for “automatic” success by using systems to save and manage your money. They know systems work much better than relying on discipline or good intentions, and your ADHD habit of relying on systems to handle things you cannot or don’t want to puts you ahead of the game. All you need to do is set those ADHD money management systems properly.
If money management is presenting a special challenge for you, you may want to consider ADHD coaching to ensure you’re working with someone who can help you set up systems that will meet your special ADHD needs. ADHD Money Management Coaching programs can help you put the right ADHD money management systems in place while you maintain control over your financial future. ADHD-Friendly Money Management: Finally, Dollars and Sense Group Coaching program starts on February 9th. Act now!