Give Yourself a Raise (Find Funds) in 3 Simple Steps? Money Management for ADHD!
Posted on March 28, 2020 by Derek Sleater Cook, One of Thousands of ADD ADHD Coaches on Noomii.
Is money management a challenge? It's rarely a strength for a person with ADHD. Budgets can be boring and tedious, but 3 simple steps can get it done!
You don’t need to let your ADHD get in the way of effective money management. Using these 3 Simple Steps to Find Funds Fast will likely give you an immediate raise.
Ensuring that the money spent is equal or less than the money earned can be difficult during “normal” days, weeks, months, and years. When we are feeling the pressures from work layoffs, a reduction in hours, a decrease in customers, family or relationship stress, political challenges, and of course, a crisis such as the Covid-19 pandemic, effective money management can seem overwhelming.
Can you relate to any of these additional stress factors and the impact on your money management?
Are there any simple tools that don’t require us to invest in QuickBooks, hire a CPA or bury our paychecks each fortnight?
The answer is, YES!!!
Awareness is magical.
Awareness creates a “Point of Choice.” Choice creates the power to make a change. Changing what you’re doing can create the results you get
If we do not know how much money we have earned, how much money is left in our account nor how much money we are spending, the chance that or money management will improve is little to none. Simply starting with the knowledge of how much we are spending and on what will provide an awareness that will then present a choice. That point of choice then allows us to make a change of behavior and obtain better results.
Create a Simple Budget
Utilize technology to create a simple budget. Technology can make it easier and more fun. If you use Gmail, try Google Sheets. If you use Microsoft Office, try Excel. If you use a SmartPhone, use an App of your choice.
Three Steps to Find Funds Fast
Step #1: Record your expenses.
Start with your monthly expenses such as rent, utilities, auto, entertainment, and food. Then, begin writing down your daily expenses each day. I know you’re thinking that recording your expenses every day is too much, but the daily actions will end up being easier than trying to remember all your expenses at the end of the week or worse, at the end of the month.
Step #2: Record your income.
Add your average paycheck and any other expected income.
Step #3: Track your balance.
With the ease of a simple formula in Google Sheets or Excel, your update your balance with a click and a drag. If you are not familiar with creating a formula, I recommend Googling it or send me an email and I’ll be happy to assist you.
Summary
This oversimplification is intentional. Many of us need it. Most of us can benefit from simplicity. If neither of the aforementioned applies to you, maybe you can share this concept with somebody else who will benefit. The awareness you discover will give you the power to make choices and spend your money as you truly wish, knowing the outcome in advance. Giving yourself a raise is a great feeling and a sound financial decision.
Start with the simple instructions as recommended and be open to adjusting and customizing the process as your intuition provides ideas on how to enhance the process for your benefit.
Commit to trying this for 30 days and see how it works to improve your ADHD money management.
Call to Action
Get started with #1 right now, even if you only write down a couple of your monthly expenses. Starting truly is half the battle and you may feel like continuing. If not, complete the process later that day or the next and enjoy the benefits.
I would love to hear your feedback, comments, and results. Please email me at ADHDSuperPowerz@gmail.com.
Best regards,
Coach Derek
Salt Lake City
International via WhatsApp
