Setting up a financial strategy is not something we are taught in school. Many people avoid the conversation because it is typically one of life’s major challenges. The neurodiverse community may find it more difficult because financial strategies weren’t designed for how their minds work.

The term “neurodiverse community” describes the variety and diversity of cognitive functioning in individuals, including those with learning disabilities.

It can be challenging to perform and comprehend financial responsibilities like budgeting, investing, and money math. To assist neurodivergent people, they should first understand what it is like to develop their independence. Get acquainted with the essential expenses that must be paid first, such as bills and mortgage or rent payments, as well as basic financial terms and ideas, like credit cards and debts.

What is Neurodiversity?

Neurodiversity is a more well-known idea today than it has ever been. It originated with Australian scholar Judy Singer. She introduced the concept of neurodiversity for the first time in a thesis paper she delivered in 1998. Neurodiversity is the word used to describe variations in how the human brain works. It affects a variety of things, including mood, learning, social skills, emotions, and attention. It was initially used to symbolize autistic individuals. These days, it also encompasses additional neurological disorders like ADHD, dyslexia, and dyscalculia.

The Meaning of a Financial Plan

Financial planning is a continuous process that examines your overall financial situation in order to develop plans for reaching your short- and long-term goals. It can ease your financial anxiety, meet your immediate needs, and help with the creation of a savings account for your long-term goals, such as retirement.

When individuals consider financial planning, they commonly concentrate on longer goals like investing and retirement. Planning for finances entails much more than that. It’s a strategy for managing your money now and in the future. A complete financial plan contains information such as your current income and expenses, a budget, financial and personal goals, and the steps you will take to reach those goals.

If You’re Neurodiverse, How Can You Map Out a Financial Plan?

People who have learning disabilities, such as dyslexia, dyscalculia, or dysgraphia, may find it challenging to manage their money and develop financial literacy. For those with learning disabilities, financial difficulties can include not knowing how to make (and keep track of) a budget, relying on family members for assistance, falling prey to fraud, and not grasping the terms of loans and credit.

Starting small

Starting small and early will always yield greater results than not trying at all. You don’t need to immediately take any major steps or actions! Starting is the key to moving forward! Consider all the advantages and tools that are already at your disposal and how you can take advantage of them. Seek advice from a dependable advisor if you are unsure of where to begin or what questions to even pose. That is the reason we are here for you at EmpireOne Credit.

Build Credit

Getting a modest credit card, like a store card, can help a lot in terms of establishing a stable financial future. Your credit score affects more than just your ability to get a loan or buy a house; it can also impact your ability to get an apartment, your insurance, and getting a job! One simple and thought-free method to easily build credit is to charge a small amount each month and pay it off on time.

Regularly review your present spending

Checking your statements each month to confirm that you are paying for services you actually use has a huge effect, despite how easy it may seem. Do you actually use your gym membership? How regularly do you use your Netflix subscription? Small expenses add up to significant amounts that could have been saved for the future.

Budget

Budgeting helps you direct your money to the places you want and to live within your means. You can create a budget according to your needs, but most importantly, according to your income. Budgeting will help you to save and not rack up debt.

Speak with someone

There might be a friend or a family member you trust, or even a financial advisor, who can help you look into your finances and suggest ways to spend and save. If you need help with debt management, you can speak with one of our debt experts at EmpireOne Credit.

Get Debt-help from EmpireOne Credit

At EmpireOne Credit, we have your interest at heart, and we will make you feel relaxed about your financial situation. We are friendly and always put other people’s needs first. Do you want to reduce your debt by up to 80% while stopping all interest immediately? We are the right call. Contact us on (416) 900-2324 to get a free consultation. Being debt-free feels good!