The ADHD Adults Podcast Episode 185 ADHD and Money
Mar 24, 2025
The hosts share their amusing personal money mishaps, highlighting how ADHD complicates budgeting and spending. They discuss the emotional challenges of financial decision-making, emphasizing that these struggles are common among those with ADHD. Personal stories reveal the tension between impulsive purchases and financial responsibility, along with practical tips for better management. The conversation also touches on the impact of ADHD on relationships and communication, all framed with humor and real-life anecdotes for relatable insights.
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ADHD and Financial Impulsivity
- The hosts discuss how ADHD can lead to impulsive spending and difficulty managing finances.
- This is not simply a matter of willpower but a cognitive deficit related to impulsivity and reward processing.
James's Debt Cycle
- James Brown has always struggled with debt, accumulating it since his first loan at 18.
- He discusses the cycle of debt, family bailouts, and the tendency to live beyond his means, despite a good income.
Managing ADHD Spending
- Use separate digital wallets (like Monzo or Revolut) to allocate spending money, limiting overspending.
- Seek help from debt management services like StepChange if debt becomes overwhelming.