Adult ADD and Money

7 Days to Tax time

Here are a couple of useful articles for dealing with the drudgery we all feel with filing taxes:

The Deadline Disorder -It's a Taxing Time of the Year for Chronic Procrastinators - "Unappealing tasks such as filing taxes turn many people into procrastinators, but Sawyer is far from alone in electing to put off everyday chores. According to Joseph R. Ferrari, a professor of psychology at DePaul University in Chicago, some 20 percent of us are chronic procrastinators. "That's very high," Ferrari said, adding that research reveals there are more chronic procrastinators in the United States than there are people with clinical depression."

Taxes are Taxing - " Many adults with ADD would rather scrub the floor with a toothbrush then work on preparing their taxes. Here are some tips to help make taxes less taxing:"

Organize Financial Documents the ADHD Way - "Orderly record keeping may not be the most interesting project for an adult with attention deficit disorder (ADD/ADHD) to undertake, but I've learned, through hard experience, that it has to be done. With tax time upon us, it's even more important than ever to get a head start on personal filing."

Donating & Reducing Clutter

Many chartiable organziations are struggling to get donations with the recent downturn in the economy.  This year, you might feel the need to reduce the cash donation that you usually make to your favorite charity. One of the things I did today was to give my unused gift cards to a local charity. Beside donating your unsued gift cards, there are also other ADD friendly ways to donate without making a dent to your checkbook:

1. Donate your loose change to a charity of your choice. The coinstar machines that are in many supermarkets will allow you to make a direct donation to your choice of one of several charities.

2.  Donate gifts that you never opened or barely used to a thrift store such as Goodwill Industries.

3. Donate used clothing. There are many drop off boxes around, and there are more people that could use warm clothing this year.

All four of these donations are things that you can do with out opening your checkbook, and will help to reduce clutter, which can be very helpful for adults with ADD. 

Controlling Your Finances - ( Free Live Teleseminar)

CONTROLLING YOUR FINANCES

Free Live Teleseminar through (ADDCLASSES.COM)

Instructor: John Mackenzie, MBA (Author of Adult ADD and Money)

Date: Tuesday June 17,2008

Time: 8:00 pm Eastern

Changing your perception is the first step to controlling your finances. This teleseminar will help you to deal with the emotional and behavioral issues that may be hindering your financial success. It will also provide tips and strategies designed for ADD adults to deal with spending, managing, and saving money.

ADHD can cost adults 20 or more workdays a year

Here is small excerpt from an AP article by Randall E. Schmid about the effect that ADHD has on the workplace.

"When "Fidgety Philip" grows up, the problems of attention deficit disorder can multiply into loss of nearly a month's work per year. Long seen as a problem for children, attention deficit hyperactivity disorder was first described in 1845 by Dr. Heinrich Hoffman, who wrote "The Story of Fidgety Philip."

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7 Strategies To Fund ADD/LD Treatment (ADDitude Magazine)

Here is a short excerpt from an outstanding article from ADDitude Magazine titled "7 Strategies To Fund ADD/LD Treatment". I stumbled upon this article while reading the ADHD & LD Resource Blog. 

There are ways to reduce the financial burden brought on by ADHD. But often, families lose out because they are unaware of tax breaks and assistance programs or run up against problems with their insurance plan. If this happens to you, though, Peter Jensen, M.D., author of Making the System Work for Your Child with ADHD insists, "Don't take this sitting down. ADHD is every bit a biomedical problem as strep throat."

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Interesting Posts related to ADD and Money Management

Here are a couple of interesting posts related to ADD and Money Management:

I'm writing to open a discussion about the problems that ADD present regarding money management. As a middle aged guy, I look back and realize that, among other factors, ADD has had a strong negative impact on my ability to manage my money. READ MORE >>

Also, the UMASS study found that 67 pct of adults with ADHD compared to the control group (15 pct) had trouble managing money. READ MORE >>

Are you a spender or a saver? An impulse buyer, or a scrooge when it comes to spending? Develop self-awareness about your budgeting and spending habits by considering these points:  READ MORE >>

How the brain busts the budget

Liz Pulliam Weston at MSN Money wrote an informative article titled " How the brain busts the budget", it includes examples of how people who have ADHD deal with their money challenges. Here is a short excerpt.

Joelle Greig couldn't explain to herself why she kept using her credit cards for unnecessary spending even though her husband was out of work and their debts were spiraling out of control. It took a bankruptcy, a divorce and the intervention of a friend before she discovered her lack of impulse control was another symptom of ADHD.

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ADD Friendly Blog Posts 9/21

Here are three blog posts that I have read this week that are ADD friendly and deal with money issues that are common for adults with ADD.

33 Ways To Save Money And Reduce Debt: Remember Due Dates (No Credit Needed)

Stop Paying Your Bills Late (Single Ma's Fabulous Financial)

There is No Such Thing as Divorce Insurance - Why Financial Ignorance is Far From Bliss (Personal Finance Advice)

Living with ADD Forums ( Financial Paranoia)

There are not many articles or discussions that deal with ADD and Money Management issues. At the Living with ADD support forum there is personal stories and advice about deal with spending and money management issues.

Managing the ADHD Adult

ADHD Business Coach Nancy Snell has a wonderful article about managing an adult with ADHD. It is not only helpful to those who have to manage the ADHD adult, but it also gives insight to ADHD adults about what to look for in a boss and a working environment.

There are millions of ADHD adults in the workforce. Learn to make the most of their talents.
As a business owner or manager, the odds are that at some point you will have to deal with an employee or colleague who has ADHD (Attention Deficit Hyperactivity Disorder), commonly known as Attention Deficit Disorder.

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