Managing Money and ADHD: Saving and Spending - CHADD

cally, ADHD symptoms arise in early hood. According to the DSM-5, several ptoms are required to be present before ge of 12. Many parents report excessive r activity during the toddler years, but D symptoms can be hard to distinguish the impulsivity, inattentiveness and active vior that is typical for kids under the age of

National Resource Center on ADHD

A Program of CHADD

Managing M1 oney and ADHD: Saving and Spending

HAVING SAVINGS IS ONE OF THE BEST THINGS YOU CAN DO for yourself, your family, and your future. Maybe you'll need it to pay for an emergency, or maybe it'll go toward the down payment on a new house, but knowing that you have some money saved can give you real peace of mind.

If you don't have any savings, start es you will have in a month or year. Find what works for you in creating a

small and be patient with yourself as Since most utilities (electricity, phone, budget. Here are some suggestions as

you learn this new habit. You might gas, water) and loan installments are you get started:

want to open a special bank account paid every month, you'll probably find

just for savings--or for one partic-

it most useful to construct a monthly ? Make a master list of all your

ular goal, if it's a big one--and have plan. Some people call this "spending expected expenses. Pull together

direct deposits automatically taken it before you get it," which means that amounts from purchases you made

out of your paycheck. You might even when you get a paycheck, you already during the last 12 months. Use your

choose not to have a savings debit

know how much of it you need for

checkbook records as well as bank

card, to make sure you have to think your expenses, and you will be less

and credit card statements.

twice before spending money from likely to spend it on a whim.

? Use money management pro-

this account.

First, you need to figure out how

grams such as Quicken or Mint

Motivate yourself by making saving much money you need each month-- to gather all this information.

money fun and visual. For instance, write that amount down so you can

You may also find an Excel spread-

you could make a chart with a savings see it. A spreadsheet can be helpful in sheet helpful. (For more informa-

"thermometer" and mark it as you

developing this kind of spending plan. tion on expenses, see Managing

save, or create a bar graph on your

Here's one example of information

Money and ADHD: Expenses

computer and track your savings daily that might be included on your list.

and Goals.)

or weekly. For short-term savings, you

? Add up all the expenses from the

might try putting cash in a special jar or an envelope with a photo of

Make a Budget

past 12 months and divide by 12 to get your total average monthly

whatever you are saving for glued to the outside, just as a place to hold it until you can get it to the bank. That

Use this worksheet information to help

tyoousepelahnownemxtumchonmtho'nsebyuydoguets.pend

this

month.

Then,

use

this

month's

Some every

bills are monthly and some month, put it in the "Other

come less often. If you have an expenses this month" category.

expense

that

does

not

occur

MONTH

YEAR

expenses. Next, think about your spending plan

way, every time you put money in the My income this month

or budget, and how you will stick to

Income

envelope, you'll be reminded of what you're working toward.

TOPoatthyacelhrmeincokcnostm(hslaeyla(ianrfyctoeamrftteearxteasx)efso,rbeexnaemfiptsle, :acnhdilcdhseucpkpcoarsthing fees)

My expenses this month

Expenses

Monthly total $

$

$

0.00

Income

it. Here are a few suggestions: ? Weekly review. Choose a day of

Develop a spending plan A spending plan or budget can help you prepare for many of the expens-

HOUSING

Rent or mortgage

Renter's insurance or homeowner's Utilities (like electricity and gas)

insurance

Internet, cable, and phones

Other housing expenses (like property taxes)

Groceries and household supplies Meals out

Monthly total $ $ $ $ $

$

the week to be your regular day to review your spending plan and budget. Determine which bills or

FOOD

Other food expenses

$

$

TRANSPORTATION

Public transportation and taxis

Gas for car

$

Parking and tolls

$

Car maintenance (like oil changes)

$

Car insurance

$

Car loan

$

Other transportation expenses

$

$



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expenses you expect for the coming week. Then look at

the entire month to determine which expenses will need

to be paid in the coming weeks. Pay all bills due that

week. What if you need to wait for a deposit before you

have enough money to cover all the bills that are due? You

can write the checks and make a note reminding you to

mail them once the money has been deposited. If you pay

the bills online, schedule the payments for the day you

know the money will be there.

? Consider making payments electronically. Most

companies, such as utilities, car and mortgage lenders,

rental agents, and credit card companies have automatic

About ADHD bill payment systems that can make regular withdrawals

from your bank account so you don't even have to worry

about getting payments in on time. Be sure you have

enough money in yourEvbearnykbaocdcyocuannt htoavceovdeifrfisccuhletydusiltetding still, paying

payments.

attention or controlling impulsive behavior

? Savings account. Opeonncaesianvainwgshailcec.oFuonrtsoanmdempeaokpele, however, the

regular deposits to covperrosbuledmdesnaeremseorgpeenrcviaessivbeuat nadlsopetorsistent that

save for special items othreeyveinnttesr.feCraerws bitrheaekvedroywansp, pecettsof their life:

and children get sick, ahnodmheo, amceasdenmeeidc, rseopcaiairlsaonrdmwaoirnk-.

More than 75 percent of children with ADHD continue to experience sInigenaifrilcSyHaUTnaTEtdRSTusOClyKtm/hBILopLIOotNodPHm,OTOAsS DinHDadmulatyhoboed. associated with depression, mood

tenance--by planning ahead with your savings account,

or conduct disorders and substance

you'll be ready for themAt.tYenouti'ollna-ldseofiwciatn/thytopesraavcetfivoirty disorder line that shows financial atabsuksse.and the amount of time it

non-emergencies or sp(AecDiaHlDe)veisnatsntehuartomdeigvhetloinpcmluednetal disordemr ight take to accomplish each one. You can make your

clothing, concert tickeatfsf,eacntidngva1c1atpioenrcse. nIft yoofuschhaovoel-daigreeccthildreonwn timeline to fit your gAodaullstsanwditlhifeAsDtHylDe.often cope with

deposit, you can have (aVsiestsearm, eotuanl.t, 2d0ep1o4s.)itSeydminpttooma ssacvo-ntinu?e Ainptops to help with monedyifmficaunltaigeesmatewnto.rTkhaenrde ianrethloetirs of ings account regularlyaodrusletht oaosiddeinamn oarmeotuhnant ftrhormeee-qvuerayrters ofsaving and spending appspaenrsdopnraol garnadmfsamavialyilalibvleesforerlyaoteud to ? p(FSaienyecahnMeccaikanlaocgraionlengncMedaoarnm.eIyotcdinnaaiesastvnhtehedts,eelodAln(ppBetDfmpiruoHoelnenwtDn,odint:miah,nEl2palgxy0vupoe1ilenns3aniav.ys)pvioetiApssuyruDraoaaHnsnplidDdrtruieaGhimastytoeciipaonhleelndasrv.e.ra)earclctsitvoeirftiyztfw.roeeoduer.bkseYysoobunesmytofioguhrrtysmowuAaarDnrtntHpetDhoeo.dtTnrsAy.heDHeooHuercDrutcesroayramcmeroenpputujtupnotslemaetrm.saaM.nefedarwens.feyleeocwftsthhitechhmeoiamnreeportance

of your bills. An electrInodniivciodruaplaspweritchaAleDnHdaDrctahnatbleisvtserayllsuccessful

of the inattention aspect of the disorder as well

incoming money and dinatleifse.oHf eoxwpeevcetre,dwpitahyomuetnidtsensuticfhicaatsion and Other fact sheaesttsheinothiesr scehraireasc:teristics of the disorder such

rent or mortgage, utiliptireosp, ienrsturreaantmcee, nctr,eAdDitHcaDrdmsa, ygrhoacveer-serious? Managing MoansehyyapnedraAcDtiHviDty: EaxnpdeinmsepsulasnivditGyo. als

ies, and fuel will help kceoenpsepqauyemnecnetss, ionncltuimdien.g school failure, fam?ilyManaging Money and ADHD: Minding Your Debts ? Money managementsstcrehsesdaunlde.dSisormupetpioeno,pdleepfirnedssition, problem?s wMiathnaging MoSnyemy pantodmAsDHD: Money Management Schedule

helpful to organize morneelaytimonasnhaigpesm, seunbtsitdaenacseianbtousaet,idmeeli-nquency, accidental injuries and job failure. Early identification and treatment are extremely important.

Typically, ADHD symptoms arise in early childhood. According to the DSM-5, several symptoms are required to be present before the age of 12. Many parents report excessive

Medical science first documented children exhibiting inattentiveness, impulsivity and hyperactivity in 1902. Since that time, the disorder has beenFogrivfeunrtnhuemr einrofoursmnatmioens, please

motor activity during the toddler years, but ADHD symptoms can be hard to distinguish from the impulsivity, inattentiveness and active behavior that is typical for kids under the age of

including minicmonaltabcratiNnadtyisofnuanlcRtieosno, urce Center on hyperkinetic reactAioDnHoDf c:hAildPhroogorda,manodf CHADD attention-deficit disorder with or without

hyperactivity. W4it6h0th1 ePDreisaigdneonsttsicDanridveS,taStuisitteic3al00 Msyasnteumal,,tFhieftdhiEsodridtieorLnah(naDhsSabMme-e5,nM) rceDlansa2sm0if7iecd0a6ti-o4n832 attention-deficit/hypera1c-t8iv0it0y -d2i3so3r-d4e0r5o0r

nrc

National Resource Center on ADHD

A Program of CHADD

This fact sheet is supported by Cooperative Agreement Number NU38DD005376 from the Centers for Disease Control and Prevention (CDC). The contents are solely

the responsibility of the authhoerlspa4ndaddohndo.tonregcessarily represent the official views of CDC. Permission is granted to photocopy and freely distribute this factsheet for non-

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commercial, educational purposes only, provided that it is reproduced in its entirety, including the CHADD and NRC names, logos and contact information.

? 2018 Children and Adults with Attention-Deficit/Hyperactivity Disorder (CHADD). All Rights Reserved.

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