5 ADHD traits that are killing your bank account
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About this listen
In this episode of The Distracted Dollar, Vanessa Dean discusses the unique financial challenges faced by individuals with ADHD. She highlights five key traits that contribute to financial chaos: impulsivity, time blindness, emotional dysregulation, and executive dysfunction. Vanessa offers practical strategies to manage these traits, such as the 24-hour rule for impulsive purchases, creating a 'bill birthday' to manage time blindness, and building a money container system to combat executive dysfunction. The core message is to design a financial system that works with the ADHD brain rather than against it.
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Takeaways
This isn't a personal failure; it's a neurological mismatch.
Your brain was built for immediate rewards, not managing money.
Impulsivity is driven by the brain's dopamine system.
The 24-hour rule helps create space for conscious choices.
Time blindness leads to financial surprises and stress.
Externalizing the system can help manage time blindness.
Emotional spending is a temporary escape, not a solution.
Build an emergency feel-good kit to replace spending habits.
Traditional budgeting is often torturous for the ADHD brain.
Create a money container system to simplify financial management.
Chapters
00:00 Understanding ADHD and Financial Chaos
02:46 Impulsivity and the 24-Hour Rule
06:10 Time Blindness and Financial Awareness
08:56 Emotional Spending and Building Resilience
11:48 Executive Dysfunction and Alternative Budgeting Strategies