Unmasking ADHD's Impact on Your Wallet

Quiz Questions

• 1.
  When faced with a financial decision, how do you typically react?

  • A.
    I tend to make choices on the spot without much thought.
  • B.
    I get anxious and often put off making a decision.
  • C.
    I try to organize my thoughts, but I get overwhelmed by the details.
  • D.
    I plan carefully and consider my budget before deciding.
  • E.
    I confidently make a decision based on my financial plan.
• 2.
  How do you manage your monthly bills?

  • A.
    I often forget due dates and scramble to pay at the last minute.
  • B.
    I get stressed and delay organizing my bills.
  • C.
    I make impromptu payments whenever I remember.
  • D.
    I try to budget, but it's hard to stick to it.
  • E.
    I have a system in place and always pay on time.
• 3.
  What's your approach to saving money?

  • A.
    I find it hard to save consistently and often dip into my savings.
  • B.
    I want to save, but I end up spending on things I want in the moment.
  • C.
    I know I should save, but I keep procrastinating on starting.
  • D.
    I try to save, but I lose track of my progress.
  • E.
    I have a clear savings goal and I'm steadily working towards it.
• 4.
  How do you feel about budgeting?

  • A.
    It's overwhelming and I don't know where to begin.
  • B.
    I'm excited at first, but then I make impulsive purchases.
  • C.
    I keep putting it off because it feels like too much work.
  • D.
    It's challenging, but I'm trying to get better at it.
  • E.
    I feel in control and confident with my budgeting system.
• 5.
  What happens when you receive unexpected money?

  • A.
    I immediately think of something fun to spend it on.
  • B.
    I'm not sure what to do with it, so I just hold onto it for a while.
  • C.
    I plan to save it, but often end up using it for other things.
  • D.
    I allocate it according to my financial plan and goals.
  • E.
    I invest it or save it, in line with my long-term financial strategy.
• 6.
  How often do you review your financial statements?

  • A.
    Rarely, I find them confusing and disorganized.
  • B.
    Sometimes, but I tend to make quick decisions based on what I see.
  • C.
    I know I should do it regularly, but I keep putting it off.
  • D.
    I try to do it monthly, though it's hard to stay consistent.
  • E.
    Regularly, as part of my financial management routine.
• 7.
  When planning for the future, how do you set financial goals?

  • A.
    I have a lot of ideas but struggle to organize them into clear goals.
  • B.
    I tend to focus on short-term desires rather than long-term goals.
  • C.
    I want to set goals, but I keep delaying the planning process.
  • D.
    I find it difficult to create a plan that I can stick to.
  • E.
    I have specific, measurable goals and a plan to achieve them.

Quiz Outcomes

• 1.
  Disorganization

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  Disorganization is a common issue for people with ADHD. It can make it hard to keep track of bills, receipts, and important papers. This can lead to missed payments, late fees, and even a lower credit score. Important documents might get lost in messy piles, making it tough to stay on top of due dates and other financial responsibilities.
• 2.
  Impulsive Spending:

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  People with ADHD often have trouble controlling their impulses, which can lead to buying things on the spur of the moment. This impulsiveness might cause them to buy things they don’t really need or can't afford, leading to credit card debt and difficulty saving money. For example, they might see a cool new gadget and buy it right away, without thinking about whether they need it or if it fits into their budget.
• 3.
  Difficulty with Planning

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  ADHD can make it hard for people to plan ahead and stick to a budget because it affects their executive functioning skills. They might struggle to set financial goals or maintain a savings plan. This lack of planning can lead to living paycheck to paycheck without any emergency money or long-term savings.
• 4.
  Procrastination:

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  Procrastination is another common issue with ADHD that can hurt finances. Delaying tasks like paying bills, filing taxes, or setting up automatic payments can lead to extra fees and stress. For example, putting off filing taxes can result in fines and missed chances to get money back or take deductions, making financial problems worse.