Hello Everyone! I’m Amanda, a Board Certified Behavior Analyst. I’m also neurodivergent, which affords me unique insights into the challenges and strengths neurodivergent individuals experience. Today, I want to talk about a topic that’s often overlooked in discussions involving neurodivergency – financial literacy, particularly in respect to neurodivergent teenagers learning to save money.
No matter the context, saving money and navigating the world of finance can be tricky. For neurodivergent teens, the complexities multiply. Issues with impulse control and all-or-nothing thinking patterns – the mindset that views circumstances as black or white with no middle ground – frequently surface. The lure of instant gratification can override the more distant pleasure of a healthy savings account, and considering a moderate spending plan can feel counterintuitive when extremes seem more comprehensible.
Nonetheless, for all its challenges, neurodivergency also presents unique strengths that, when utilized effectively, can support our journey toward financial literacy. One such strength is hyperfocus – the ability to intensely concentrate on an activity or topic of interest for extended periods. While hyperfocus can sometimes lead to distractions or difficulties transitioning between tasks, it can also pave the way for achieving expertise or deep understanding in a specific area. And yes, this area can absolutely include financial literacy!
Here’s how we can foster that:
- Leverage Hyperfocus: Turn learning about money into a special interest. There are countless resources – blogs, videos, podcasts, books, and more – to accommodate diverse learning styles. The more engaging and interested a neurodivergent teenager is in the subject, the more likely they will employ their hyperfocus superpower.
- Break it Down: Remembering that all-or-nothing thinking can be a barrier, it’s important to break down concepts into manageable parts. For example, instead of labeling spending as “good” or “bad,” introduce scales of priorities (rent is necessary, a new phone game is fun but not necessary, etc). This nuanced approach can replace binary thinking with more balanced financial reasoning.
- Implement Visual Aids: Visual aids such as charts and diagrams can have a positive impact on grasping and applying abstract concepts like saving and investing. Graphical representation of savings growth or simple expense tracking can make a significant difference.
- Practice Impulse Control: One of the most practical skills to develop is impulse control. Try exercises that promote waiting. Use incentives that build over time to demonstrate the value of delayed gratification. Practice scenarios to help teenagers visualize the consequences of impulsive buying decisions.
- Structured Saving Plans: Provide guidance in setting up a structured saving plan. Having a clear, step-by-step plan creates predictability and simplifies managing finances – which can be a balm to the neurodivergent brain.
Remember, every teen’s path towards financial literacy will look different. Persistence, patience, and adaptability are key. As we navigate the money conversation, let’s remember to highlight and harness neurodivergent strengths – they are powerful tools that can turn challenges into triumphs.
Invest in knowledge today for dividends tomorrow. Let’s empower our neurodivergent young ones to take control of their financial futures!
Until next time.
Best,
Amanda