Today, we’re diving deep into a topic that’s close to our hearts (and wallets) – managing finances when you’ve got ADHD. If the sight of a sale sign sends your pulse racing or you’ve ever found yourself with a cart full of “essential” items you never knew you needed, you’re in the right place.

We, Shana and Vanessa, know the struggle all too well. The dopamine rush of impulse buys can be intoxicating, but the aftermath? Not so much. That’s why we’re spilling the tea on ADHD-friendly strategies to keep your budget in check and your spending on track. So, grab a cozy seat, and let’s get into it.

207 | Budgeting with ADHD: Overcoming Impulse Spending – Financial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans

⁠Snag Our Signature Budget Template!⁠ Are you struggling with sticking to a budget or curbing impulse spending, especially if you have ADHD? You're not alone. In this episode, we dive into ADHD-friendly ways to manage your money, offering tips and techniques that are beneficial for anyone facing similar challenges. Whether it's the allure of impulse buying or the struggle with budgeting, we've got you covered with smart strategies to take control of your finances. Waiting Period Before Purchases: A simple yet effective strategy to combat impulse buying is to wait a certain period before making a purchase. This allows you to evaluate the necessity and value of the item, often leading to the realization that you don't need it. Removing Credit Card Information: Deleting your credit card information from online sites adds an extra step before purchasing, which can deter spontaneous buying. Shopping with Good Return Policies: Opting for retailers that offer easy returns can help mitigate the consequences of impulsive buying decisions, allowing for easier rectification of mistakes. Utilizing Wishlist and Pinterest Boards: Instead of immediate buying, curate wishlists or Pinterest boards. This satisfies the urge to shop while providing time to consider the actual need and utility of the items. Delete Shopping Apps: Removing shopping apps from your phone, including social media apps that trigger spending, can significantly reduce impulse purchases. Setting Monthly Spending Limits: Establish a budget for discretionary spending to enjoy the freedom of buying without the guilt of overspending. Using Cash and Envelopes: Physical separation of cash for different expenses can help in better managing and tracking spending. Seeking Accountability: Having a friend, partner, or coach to discuss potential purchases can provide a reality check and prevent unnecessary spending. Making Saving a Game: Transform saving into a rewarding game by setting goals and celebrating achievements to replace the temporary high of spending with the lasting satisfaction of saving. DIY and Creativity: Engaging in DIY projects or finding creative solutions can fulfill the desire for newness without the financial cost. Avoiding Emotional Spending: Being mindful of emotional triggers and finding alternative ways to cope can prevent spending sprees during emotional highs and lows. Alternative Dopamine Sources: Identifying activities that bring joy and fulfillment can replace the temporary thrill of impulse buying with more sustainable and enriching experiences. Managing finances, especially with ADHD, can be challenging, but with the right strategies and support, it's entirely possible to curb impulse spending and take control of your budget. Implementing even one of these tips this week can make a significant difference in your financial well-being. 4 Ways To Connect With Us: 1️⃣ FREE CALL: Book your FREE 20-Minute Financial Coaching Call now! Get personalized advice and start your financial journey ➡︎ https://www.budgetbesties.com/freecall  2️⃣ FACEBOOK: Become part of our Supportive Facebook Group. Connect, share, and learn with others mastering their budget skills ➡︎ https://www.budgetbesties.com/facebook  3️⃣ BUDGET: Grab our Signature Budget Template! It's your key to organizing and optimizing your finances effectively ➡︎ https://budgetbesties.com/budget …

1. The 24-Hour Rule

Our first golden nugget is simple: wait before you buy. Pop that must-have item in your cart, but give it a full day before you hit ‘purchase.’ More often than not, you’ll find the allure fades overnight. This trick gives your brain the space to differentiate between a ‘want’ and a ‘need.’

2. Delete Credit Card Info

Make impulse buying a hassle by removing your card details from your favorite shopping sites. Adding friction to the process means you’re less likely to go through with a purchase on a whim. It’s a small step that can lead to big savings.

3. Shop with Return Policies in Mind

Stick to retailers that make returns a breeze. This safety net allows you to reconsider your purchases without penalty, providing a backdoor escape from impulse decisions.

4. Embrace the Wishlist

Instead of clicking ‘buy,’ add items to a wishlist or Pinterest board. It satisfies the shopping urge without draining your bank account. Plus, it’s a fantastic way to curate your desires and evaluate them over time.

5. Ditch the Shopping Apps

Yes, even the ones that promise the world in a single tap. Social media platforms can also be culprits in the impulse buying crime. If scrolling leads to spending, it’s time for a digital detox.

6. Set a Monthly Spending Limit

Freedom comes with boundaries. Allocating a specific amount for discretionary spending empowers you to enjoy your purchases guilt-free, knowing you’re within your budget.

By the way, we have a SUPER WEAPON for ADHD. If it’s in your spending budget, we totally recommend you get it. It’s good for you, it’s good for the kids, it’s good for everyone. So many times the problem is just STARTING, right? This timer is everything. Tell yourself, “I only have to do this for 25 minutes…” Then, if you keep going great. If not, you got a solid 25 minutes in. It really is a game changer! Use it to start your budget, use it to get a kid to start on their essay, use it to declutter!

7. Cash is King

Dividing your budget into physical envelopes for different expenses can visually reinforce your spending limits. It’s a tactile way to feel in control of where your money goes.

8. Find Your Squad

Accountability can be a game-changer. Whether it’s a friend, partner, or a coach like us, having someone to discuss potential purchases with can help you make more mindful decisions.

9. Turn Saving into a Game

Celebrate your savings milestones and treat them as victories. Watching your savings grow can be just as thrilling as scoring a deal on an impulse buy.

10. DIY and Freebies

Channel your creative energy into crafting and DIY projects. It’s a fulfilling way to spend your time and often costs little to nothing. Plus, it keeps your hands busy and your mind off shopping.

11. Avoid Emotional Spending

Identify alternative activities that can provide comfort or distraction during emotional highs and lows. This could be anything from a walk, a hot bath, or diving into a good book.

12. Seek Alternative Dopamine Sources

Find joy in activities that don’t involve spending. Whether it’s a hobby, exercise, or quality time with loved ones, diversifying your sources of happiness can reduce the urge to find it in shopping.

Remember, ladies, the goal isn’t to deprive ourselves but to find balance and make financial decisions that align with our true needs and values. Try implementing just one of these strategies this week and observe the difference it makes in your financial wellness journey.

Until next time, keep shining bright and spending smart!

This post contains affiliate links, meaning we may get a commission at no cost to you if you click & purchase!