Even when parents handle money well, adolescents and young adults with ADHD do not learn by observation alone. At some point, they need lessons — and opportunities to apply them.
Our relationship with money — how we think about and manage our finances — tends to influence all facets of our lives. Yet most of us avoid talking about money because it makes us uncomfortable, which means our kids miss the opportunity to understand behavioral finance and developMore than 60 percent of adults with ADHD have significant to severe financial difficulties.
Parents with ADHD are less likely to model healthy money-management skills for their kids. Even when parents handle money well, adolescents and young adults with do not learn by observation alone. At some point, they need lessons — and opportunities to apply them.Webster explains that kids need to learn more than the mechanics of math; they need to understand behavioral finance, or “why we make the money decisions we make.” In other words, building budgets is not enough.Begin talking with your kids about money before they have any of their own.Ask questions that inspire kids to think about their values and goals.
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