Mad Money and ADHD

A quick four-step plan to help impulsive ADD adults save money while splurging.

Just because you’re saving doesn’t mean you can’t occasionally treat yourself. Use this strategy to accumulate what I call “mad money.”

  1. Empty your pockets or change purse every evening into a jar.

  2. Every month, bring your jar to a change-counting machine (the “Penny Arcades” at TD Bank branches won’t deduct a fee; most change machines at supermarkets withhold about 8 percent), and exchange your coins for bills.

  3. Keep your “mad money” in a separate envelope in your wallet. Just knowing it’s there will help you discipline yourself not to “leak” money on small purchases that add up to big spending over the course of a month.

  4. Every once in a while, use your mad money to reward yourself for your new self-discipline.

Congratulations! You're on your way to organizing your finances.

 

What do you think of this article? Share your comments on www.ADDConnect.com, ADDitude's community site. Check out the new ADHD Medication User Reviews and the ADHD Adults Support Group. Your fellow ADDers want to hear from you!

Privacy
 
Copyright © 1998 - 2013 New Hope Media LLC. All rights reserved. Your use of this site is governed by our Terms of Service and Privacy Policy.
ADDitude does not provide medical advice, diagnosis, or treatment. The material on this web site is provided for educational purposes only. See additional information.
New Hope Media, 39 W. 37th Street, 15th Floor, New York, NY 10018