Podcast Summary
Discover Top Talent on LinkedIn, Price Drops, Online Healthcare, and Managing Impulsive Spending: LinkedIn is a unique platform for hiring professionals, Mint Mobile lowered prices for unlimited data plans, PlushCare offers online access to physicians for weight loss medications, and seeking help from a money coach can aid in managing impulsive spending habits.
LinkedIn is a valuable resource for hiring professionals who may not be actively looking for new jobs. Sandra, a potential candidate, emphasized that over 70% of LinkedIn users don't visit other leading job sites, making it a unique platform for discovering top talent. Meanwhile, Ryan Reynolds shared some exciting news about Mint Mobile lowering their prices for unlimited data plans. In the realm of health and wellness, PlushCare offers online access to board-certified physicians who can prescribe weight loss medications for those who qualify. Lastly, for those struggling with impulse spending, it's essential to recognize that it's a common issue, especially for individuals with ADHD. Seeking help from a money coach or professional can provide valuable insights and strategies for managing impulsive spending habits. Overall, these discussions highlight the importance of leveraging digital platforms for hiring, staying informed about price changes, and seeking assistance for financial management.
Struggling with Impulsive Spending as an Adult with ADHD: People with ADHD can reduce impulsive spending by setting time rules and addressing internal aspects of their relationship with money, including negative beliefs and emotions.
People with ADHD often struggle with impulsive spending due to both their impulsivity and lack of proper financial education. This issue is compounded by the beliefs and mindset around money formed during childhood. External strategies like setting time rules can help you delay your purchases and reduce impulsive spending. However, it's essential to address the internal aspects of your relationship with money and work on improving your money mindset. This can involve understanding the root causes of your impulsive spending and addressing any negative beliefs or emotions you have about money. While it's not possible to completely eliminate impulsive spending, implementing these strategies can help reduce its frequency. Remember, everyone, regardless of ADHD, can benefit from improving their relationship with money.
Managing Impulsive Spending for People with ADHD: Effective strategies for managing impulsive spending include the 24-hour rule, discussing purchases with a trusted person, setting a budget, and having a separate account.
People with ADHD may struggle with impulsive spending and it can lead to a spiral of debt if not managed properly. To prevent this, some effective strategies include the 24-hour rule, discussing purchases with a trusted person before making them, and setting a budget for impulsive spending. Having a separate account for such expenses can also help. Sharing a personal experience, the speaker mentioned how getting a credit card at 18, despite not being able to afford it, led to a hyperfixation and eventual debt due to impulsive spending. These strategies can help manage impulsive spending and prevent it from becoming a significant problem.
Being kind to yourself after impulse spending: Instead of harsh self-talk, practice self-compassion and positive words to lift yourself up after impulse spending.
It's natural for humans, especially those with ADHD, to experience impulse spending. When this happens, instead of falling into a cycle of shame and guilt, it's essential to be kind to yourself. This means acknowledging that impulse spending is a common occurrence and treating yourself with the same compassion and understanding you would offer a friend. Instead of harsh self-talk, try using positive and supportive words to help lift yourself up after a spending bender. Remember, it's unrealistic to expect perfection, and being gentle with yourself can go a long way in breaking free from the shame spiral.
Strategies for impulsive buying in ADHD: Write down strategies, make it a habit, lean on support for better financial decision making
Individuals with ADHD may struggle with impulsive buying and can benefit from implementing strategies to pause and think before making a purchase. This can include setting a time rule, writing things down, and letting friends know of your goals. The challenge lies in remembering and consistently applying these strategies in the heat of the moment. To help, consider making it a habit to physically write down or digitally note these strategies, and lean on the support of friends or loved ones to remind you when needed. The ultimate goal is to slow down your brain and reflect before making a purchase, which can lead to better financial decision-making over time.
Breaking the urge to buy and budgeting for long-term needs: Recognize and break the habit of impulsive buying, prioritize long-term needs like health insurance, and find budget-friendly ways to celebrate special occasions and express care for loved ones.
No matter how familiar or strong the urge to buy something might feel, it's a habit that can be broken over time. This was discussed in the context of financial planning and the importance of budgeting and considering long-term needs, such as health insurance. Another takeaway is the importance of recognizing and celebrating the special people in our lives, particularly our mothers, on special occasions like Mother's Day. This can involve finding meaningful and budget-friendly gifts and experiences, such as those offered by companies like UnitedHealthcare and 1-800-Flowers. So whether it's managing financial habits or expressing gratitude to loved ones, remember that small actions can lead to significant improvements and expressions of care.
