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Neurodiversity and Finance

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Aligning your money management with your cognitive style and using tools that align with your personal strengths can help you reduce anxiety and achieve greater financial wellbeing.

Neurodiversity and Finance

Neurodiverse brains and minds contribute to the richness of society by offering new and different ways of thinking. Yet traditional ways of doing things may fail to accommodate these unique perspectives, including when it comes to managing money. For example, neurodiverse individuals may forget to pay bills and find it difficult to make financial decisions. They might make impulse purchases and struggle to keep track of spending. It is not unusual to find it difficult planning for future financial goals. And in general, money and financial processes can cause feelings of anxiety.

So here are 3 top tips for managing money differently:

1. Use digital tools

Set reminders and alerts to highlight when you are nearing your account limits and to remind you when payments are due.

Set up automated payments for bills to reduce the likelihood of missing payments. You can also automate savings to reduce decision fatigue.

Delete Apply pay and any saved bank details to make it more difficult to impulse buy.

Lock savings pots so you can’t dip into them as easily and use piggy banking tools to separate saving and spending money.

2. Break it down

Remember you don’t need to do everything at once! Break your financial goals down into smaller, manageable steps.
Consider dividing tasks into daily or weekly actions, committing to ‘a little and often’ to help build habits and consistency.

3. Find a ‘money buddy'

Ask a trusted friend, family member or financial coach to be your ‘money buddy’ to help hope you accountable.

Aligning your money management with your cognitive style and using tools that align with your personal strengths can help you reduce anxiety and achieve greater financial wellbeing.

BWM are providing financial guidance, but not financial advice.