

Empowering Your Financial Journey: Tips for ADHD Minds
Nov 25, 2024
The discussion revolves around the concept of 'ADHD tax,' which highlights the additional financial burden individuals with ADHD face due to impulsivity and forgetfulness. Through personal stories, the hosts emphasize self-forgiveness and acceptance in overcoming financial setbacks. Practical strategies and tools, such as budgeting software, are introduced to help manage finances effectively. They advocate for gamification of debt repayment and the importance of acknowledging unique spending habits, all while fostering curiosity and self-compassion along the financial journey.
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ADHD Tax
- "ADHD tax" describes extra costs from ADHD challenges like impulsivity or procrastination.
- These can range from late fees to unnecessary purchases, causing guilt and shame.
The Cost of Forgetting
- Dusty shares a client's story of forgetting car insurance.
- This resulted in a total car loss after a flood, highlighting a severe consequence of ADHD tax.
Pay Upfront
- Pay "ADHD tax" upfront by spending more now to avoid later losses.
- Buying pre-cut vegetables, despite the higher cost, prevents waste from uneaten produce.