Young adults financial planning

Hello all

I am in need of a bit of advice and help regarding my daughter, we had to fight to get her diagnosed and it wasn't until she was 19 that we finally managed to get her diagnosed she has mild autism with social anxiety and moderate recall dyslexia. we have battled through some issues but our biggest one is money, she has no concept of budgeting and paying bills on time, she has had her mobile cut off a few times for non payment, no matter how often we go through budgets devise plans with her it fails, she is now 22 and about to finish her apprenticeship in Early Years Education, it has taken a while but she has got there, which means she will have a lot more disposable income, we have sat with her and came up with a plan for the future, regarding savings etc. but it has already gone off track, do any of you have any suggestions or ideas. Any help or advise will be gratefully received :-)

Parents
  • That is tricky because she has to take responsibility herself. A calendar with clear markings for bills pay date and phone reminders would be something but probably you do that. There is this YouTube channel called "The Financial Diet", they give a lot of advice about organising your personal finance. If she enjoys game elements, there is an app/page called Habitica, that helps organise your life and turns it into a kind of game with rewards.

    Is it something specific that she is spending money on that is a problem? I used to spend too much on clothes when I was trying to be someone I was not. I cut that out pretty much completely. These days I only spend a little too much on getting food delivered to me when I don't want to leave the house or cook.

Reply
  • That is tricky because she has to take responsibility herself. A calendar with clear markings for bills pay date and phone reminders would be something but probably you do that. There is this YouTube channel called "The Financial Diet", they give a lot of advice about organising your personal finance. If she enjoys game elements, there is an app/page called Habitica, that helps organise your life and turns it into a kind of game with rewards.

    Is it something specific that she is spending money on that is a problem? I used to spend too much on clothes when I was trying to be someone I was not. I cut that out pretty much completely. These days I only spend a little too much on getting food delivered to me when I don't want to leave the house or cook.

Children
No Data