When we first wrote Depression and It’s Link to Your Money, we thought it might be somewhat outside the bounds of a financial site. Fast-forward six years, and stats tell us that it’s actually been one of the most read blogs we’ve ever produced.  So we decided to do another one.


Interestingly enough however, it wasn’t Johan Harari’s book on ADHD (Stolen Focus) which gave us the idea for this article, but his latest book Magic Pill which talks about GLP-1 drugs like Ozempic.  Both are excellent reads.


This piece is ultimately all about the absolute need for people with ADHD or ADD to automate their finances so that they can maintain a level keel and a high level of certainty in an increasingly uncertain world.


Managing finances can be challenging for anyone, but for individuals with Attention Deficit Hyperactivity Disorder (ADHD) or Attention Deficit Disorder (ADD), it often feels like an insurmountable task. The difficulties in executive function and prioritization that accompany these conditions can make saving and investing seem impossible. However, a dollar cost averaging (DCA) strategy can provide a structured, low-stress approach to securing a financial future. This method not only simplifies investing but also helps reduce stress, providing stability crucial for personal well-being and relationships.


Understanding ADHD and ADD


ADHD and ADD are neurodevelopmental disorders characterized by symptoms such as inattention, hyperactivity, and impulsiveness. These symptoms can significantly impact daily life, particularly in areas requiring sustained focus and organization. Executive function deficits make planning and decision-making challenging, while difficulties in prioritization lead to inconsistency in saving and investing habits. For individuals with ADHD or ADD, managing money often means dealing with impulsivity and a tendency to prioritize immediate gratification over long-term financial goals.


Financial Challenges for Individuals with ADHD/ADD


People with ADHD/ADD face unique financial challenges. The lack of executive function can lead to poor financial planning and impulsive spending, making it hard to stick to a budget or save consistently. The difficulty in prioritization often results in an inconsistent approach to saving, with immediate needs or desires overshadowing long-term financial planning. These challenges can create a cycle of financial instability, increasing stress and impacting overall well-being.


What is Dollar Cost Averaging (DCA)?


Dollar-cost averaging (DCA) is an investment strategy where an individual regularly invests a fixed amount of money into a particular investment, regardless of market conditions. This approach spreads out investments over time, mitigating the risk associated with market volatility. By investing consistently, investors can avoid the pitfalls of trying to time the market. The simplicity and regularity of DCA make it an ideal strategy for those with ADHD or ADD, who may struggle with the complexities and demands of active investment management.


How DCA Addresses ADHD/ADD Challenges


DCA’s structure and automation make it particularly beneficial for individuals with ADHD/ADD. Setting up automatic contributions to investments eliminates the need for frequent decision-making, reducing the cognitive load and stress associated with managing finances. The consistency and routine of DCA help establish a habit of regular investing, making it easier to stick to financial goals. This automated approach aligns well with the need for simplicity and routine, providing a clear path to financial stability.


Steps to Implement DCA for ADHD/ADD Individuals


  1. Set Clear Financial Goals with a Financial Advisor: Define short-term and long-term objectives. Knowing what you are saving for helps maintain focus and motivation.


  1. Choose the Right Investment Platform: Look for investments that offer automatic investment options that take the decision making process largely out of your hands.


  1. Determine Investment Amount: Assess your income and budget to decide on a fixed amount to invest regularly. Ensure this amount is manageable and sustainable over the long term.


  1. Automate Contributions: Set up automatic transfers from your bank account to your investment account. This step is crucial in ensuring consistency and removing the need for manual intervention.


  1. Regular Review and Adjustment: Periodically review your investment performance and adjust contributions if necessary. While DCA minimizes the need for frequent changes, it’s still important to ensure your strategy aligns with your financial goals.


Reducing Stress and Improving Stability


Financial stability is a significant benefit of DCA, providing a steady growth of savings and investments. This stability acts as a safety net for unexpected expenses, reducing financial anxiety and stress. For individuals with ADHD/ADD, knowing that their financial future is being taken care of automatically allows them to focus on other important aspects of life.


The mental health benefits of reducing financial stress are profound. When financial anxiety is lessened, individuals can experience improved overall well-being and mental health. This, in turn, positively impacts personal relationships. Financial strain is a common source of tension in marriages and partnerships; by adopting a structured and automated approach to investing, couples can promote a sense of shared responsibility and trust, contributing to a more stable and harmonious relationship.


Case Studies/Examples


Consider the story of Jane, a 35-year-old professional diagnosed with ADHD. Jane struggled with managing her finances, often feeling overwhelmed by the need to make investment decisions. After learning about DCA, she set up an automatic investment plan with a robo-advisor. By contributing a fixed amount each month, Jane found that she could save consistently without the stress of active management. Over time, her investments grew steadily, providing her with a sense of financial security and reducing her anxiety.




Dollar cost averaging is a powerful tool for individuals with ADHD and ADD. By automating the investment process and establishing a routine, DCA addresses the unique financial challenges these individuals face, providing a pathway to financial stability and reduced stress. This, in turn, supports overall well-being and helps maintain stable personal relationships.


If you struggle with managing your finances due to ADHD or ADD, consider taking the first step towards financial stability by implementing a dollar cost averaging strategy. Start by setting clear financial goals, choosing the right platform, and automating your contributions. The benefits of reduced stress, improved mental health, and stronger relationships are well worth the effort.


Additional Resources


For further reading and tools tailored for individuals with ADHD/ADD, consider exploring the following:


– “Smart but Stuck: Emotions in Teens and Adults with ADHD” by Thomas E. Brown

– “The ADHD Effect on Marriage: Understand and Rebuild Your Relationship in Six Steps” by Melissa Orlov

About The Author

Schneider Content Team
Our research advisory team that helps keep us ahead so we can do the same for you.