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Young adults financial planning

NAS63909

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
  • Former Member
    Former Member

    If she's struggling with basic numeracy skills have you looked at the possibility of her having dyscalculia? If this is the issue she may benefit from one-to-one tuition with a specialist tutor. A small number of sessions could be funded through A2W if she is in employment.

    I'm normally an excellent saver but there have been times in my life when my mental health hasn't been great and I've been reckless with my spending. When I've known I've lost control I have put savings accounts in the names of people I trust to prevent easy access to this cash. This may be something to consider whilst she's developing her own skils? Individuals with an SpLD, such as dyslexia or dyscalculia, tend to develop new skills more effectively when a 'little and often' approach is taken. Therefore, giving her one task to master at a time, such as only focusing on her phone bill, is likely to work better than her having to manage multiple tasks from the get go.

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  • Former Member
    Former Member

    If she's struggling with basic numeracy skills have you looked at the possibility of her having dyscalculia? If this is the issue she may benefit from one-to-one tuition with a specialist tutor. A small number of sessions could be funded through A2W if she is in employment.

    I'm normally an excellent saver but there have been times in my life when my mental health hasn't been great and I've been reckless with my spending. When I've known I've lost control I have put savings accounts in the names of people I trust to prevent easy access to this cash. This may be something to consider whilst she's developing her own skils? Individuals with an SpLD, such as dyslexia or dyscalculia, tend to develop new skills more effectively when a 'little and often' approach is taken. Therefore, giving her one task to master at a time, such as only focusing on her phone bill, is likely to work better than her having to manage multiple tasks from the get go.

Children
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