ADHD Tax: Why I lost $400 Last Month
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ADHD Tax: Why I lost $400 Last Month
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The ADHD Tax: Cutting Hidden Costs and Gaining Financial Control
In this episode of The Distracted Dollar, Vanessa, an ADHD money coach, explores the 'ADHD tax', a hidden financial drain linked to the executive functioning challenges that those with ADHD face. Vanessa breaks down the costs associated with forgotten subscriptions, spoiled groceries, late fees, and impulsive spending. She shares personal experiences and introduces a life-changing rule that helped her family save $400 a month by designating one specific day for non-essential spending. The episode emphasizes the importance of understanding and working with one’s brain to create systems that mitigate financial waste and foster intentional spending.
00:00 Introduction to the ADHD Tax
00:50 The Hidden Costs of ADHD
03:03 The Emotional and Financial Toll
06:50 Breaking the Cycle: One Simple Rule
08:41 Conclusion and Next Steps