Episode 372: Finding Balance in College & Spending Addiction
Oct 28, 2023
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This episode discusses financial anxieties, impulsive shopping habits, ADHD, and finding balance with money. It provides strategies for regaining financial control, including budgeting, creating a waiting period before making purchases, and seeking therapy. The host emphasizes the importance of community support, accountability, and self-awareness. The chapter descriptions cover managing stress in college, self-care, and understanding anxiety-driven spending and ADHD.
Establishing a budget and tracking expenses is crucial in managing money issues and shopping addiction.
For individuals with ADHD, developing organizational systems and practicing mindfulness can improve executive functioning skills.
Deep dives
Finding Balance as a College Student
As a college student, finding balance between work and wellness can be a struggle. It is important to acknowledge the weight of being a student and the pressure to do well in a difficult field of study. Building communities and surrounding yourself with different types of friends can provide support and perspective. Discovering activities that bring you peace and rejuvenation, such as journaling or engaging in hobbies, can help maintain your mental well-being. Organizational skills and time management are crucial in managing academic demands and self-care. Recognize the importance of seeking help when needed, utilizing campus resources or counseling centers.
Addressing Money Issues and Shopping Addiction
For individuals struggling with money issues and shopping addiction, establishing a budget and tracking expenses is essential. It is important to identify the underlying factors contributing to impulsive spending and develop strategies to control it. This may include implementing a waiting period before making purchases, limiting exposure to advertisements and marketing emails, and removing easy channels for buying things from your phone. Seeking support from loved ones, online communities, or support groups can provide accountability and empathy. Maintaining self-awareness through journaling and identifying triggers can further prevent overspending. Recognize that the goal is not to stop spending completely, but to spend money in a sustainable and meaningful way.
Recognizing the Impact of ADHD on Executive Functioning
Individuals with ADHD may struggle with executive functioning skills, such as planning, organization, and prioritization. Impulsivity and difficulty seeing the big picture can lead to actions that are later regretted. Developing organizational systems, such as setting aside time for budgeting and utilizing auto-pay for recurring bills, can help manage impulsive behaviors. Creating a waiting period before making decisions can counteract impulsivity. Practicing mindfulness, journaling, prioritizing sleep, and managing social media use can also support self-care and improve executive functioning.
Embracing Self-Care and Growth as a Student
Recognize that being a student goes beyond academics and involves personal growth and finding balance. Embrace your various identities and seek out communities that support different aspects of your life. Explore activities that bring you joy and peace. Learn to organize and prioritize your tasks, incorporating self-care into your schedule. Practice self-compassion and be honest with yourself about the pressure to excel. Seek help from counseling centers or mental health resources on campus. Understand that success and self-worth are not solely measured by grades or academic achievements, but also by overall well-being and personal growth during your student years.
Today's episode dives into the nuances of financial anxieties and the challenges of managing impulsive shopping habits. Two heartfelt listener questions guide our discussion, shedding light on personal struggles and the broader societal context:
Tackling Shopping Habits & ADHD:
A loyal follower from Vermont expresses concerns over her shopping habits, leading to financial difficulties, accentuated by her newly diagnosed adult ADHD.
We delve into the difference between compulsive shopping and anxiety-driven financial behaviors, offering clarity and understanding.
The profound influence of ADHD on financial decisions: a look into impulsivity and executive dysfunction.
Addressing societal pressures, the modern capitalist world, and their impacts on our financial stresses.
Strategies for Financial Well-being:
Exploring actionable steps to regain financial control and establish a balanced relationship with money.
Emphasizing the importance of budgeting and planning to avoid impulsive bill payments and purchases.
Techniques to curb immediate spending impulses and create a waiting period before making purchases.
The value of community support, accountability, and journaling for self-awareness and reflection.
The potential for therapy to understand and address deep-seated beliefs and behaviors about money.
Remember, seeking balance and understanding in our relationship with money is a journey, not a destination. Taking proactive steps, seeking support, and focusing on self-awareness can pave the way for healthier financial habits.
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