Money management problems of ADD / ADHD adults

Many adults and couples do not realize how ADD/ADHD can impact their money management, and more importantly, their long- term financial planning.  

However, the truth is that the ADD / ADHD symptoms of procrastination, disorganization and impulsivity can interfere with good money management.

AD/HD adults often report the following money management challenges:

  • forget to pay bills 
  • run up huge balances on their credit cards
  • cannot save money
  • are unable to follow through on long-term financial goals
  • shop impulsively
  • have difficulty keeping financial paperwork in order
  • fail at budgeting and recordkeeping.

Personal or family money management can obviously have a devastating impact on your future so it’s important to address this as soon as possible.

  • Ask for help. Consult an accountant or bookkeeper
  • Have someone else keep your books and/or pay your bills.
  • Consult with your local public agency to establish a realistic budget and contact your creditors.
  • Design a realistic and effective plan to pay your bills and address your debt.
  • You might destroy your credit cards and replace them with debit cards from your banking institution.