Goal Setting

Setting goals for what you want to do with you life is the first step in financial planning. Setting goals gives you the framework for how much you want or need to earn and what you want to spend. However, setting goals can be a challenge for many Adults with ADD. Common problems that ADD adults have with goal setting include:

• Having too many goals.
• Underestimating the time needed to complete the goal.
• Lack of research to ensure whether the goal is reasonable or attainable.
• Not breaking down long term goals into smaller achievable goals.

Setting life goals can give you the motivation and direction needed in order to better manage your finances. While goal setting is not easy for the ADD adult, there are several things that can be done in order to improve the probability of reaching your goals:

• Make sure you goals are measurable and have a specific time frame. Ambiguity and Procrastination are major enemies of goal achievement.
• Share you major goals with others. This can be difficult for many ADD adults because of past failures, and from the negative feedback from past failures, you don't have to share your goals with everybody but if you share them with a few nurturing people it can do wonders to your odds of achieving your goal.
• Use visualization techniques. ADD adults retain information better when it is presented in a visual fashion. Examples of how to use visualization in regard to goal setting include using visual aids of the goal you want to achieve ( if you want to graduate from college, you can make up a picture of you in your graduation cap and gown), tracking your progress by using color charts, and using diagrams instead of lists to set your goals.
• Make sure to review and revise your goals every once in a while. Your goals need to reflect the changes in your life and the changes that you want to make to your life.

Setting goals for what you want to do with you life is the first step in financial planning. Setting goals gives you the framework for how much you want or need to earn and what you want to spend. However, setting goals can be a challenge for many Adults with ADD. Common problems that ADD adults have with goal setting include:

• Having too many goals.
• Underestimating the time needed to complete the goal.
• Lack of research to ensure whether the goal is reasonable or attainable.
• Not breaking down long term goals into smaller achievable goals.

Setting life goals can give you the motivation and direction needed in order to better manage your finances. While goal setting is not easy for the ADD adult, there are several things that can be done in order to improve the probability of reaching your goals:

• Make sure you goals are measurable and have a specific time frame. Ambiguity and Procrastination are major enemies of goal achievement.
• Share you major goals with others. This can be difficult for many ADD adults because of past failures, and from the negative feedback from past failures, you don't have to share your goals with everybody but if you share them with a few nurturing people it can do wonders to your odds of achieving your goal.
• Use visualization techniques. ADD adults retain information better when it is presented in a visual fashion. Examples of how to use visualization in regard to goal setting include using visual aids of the goal you want to achieve ( if you want to graduate from college, you can make up a picture of you in your graduation cap and gown), tracking your progress by using color charts, and using diagrams instead of lists to set your goals.
• Make sure to review and revise your goals every once in a while. Your goals need to reflect the changes in your life and the changes that you want to make to your life.