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At College, Move Beyond the Stigma of Asking for Help After a Brain Injury

Managing Your Money After a Brain Injury

Comments [3]

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[Adam Anicich] Money managers out there, it's Adam, and I'm here to talk to you today about money management after a traumatic brain injury. A lot of veterans—a lot of family members have come to me and said, "Hey—you know—my husband—my wife—deployed, got home— you know—after their brain injury they just aren't managing money the same way." Maybe they're using their debit card, their credit card excessively. Maybe they're forgetting how much they are paying in cash, and they're just doling out money all over the place. I had one veteran who went to the ATM and maxed out the ATM withdrawals twice a week without even realizing it. And so that has a real detrimental effect by the end of the month. So understanding that the executive functioning aspect of traumatic brain injury may impair your lifestyle or may have you operate with money a little bit differently is really important in the beginning. And getting that under control is really important in the beginning because otherwise you could find yourself in a mountain of debt— in a hole that you're not able to dig yourself out of. And so many veterans—so many service members even— I've seen just continue to cover that up with different credit options— balance transfers—and just perpetuating or kicking the ball down the road without actually solving the problem and identifying that, "Hey, your spending is out of control," or "your habits are out of control." So think about that as you're budgeting. Try and take a journal or a memo and write down or record everything that you've done. Electronic banking is very helpful for that in that you can show all of the transactions that you've spent over the last week, month— whatever time period you're going to measure it over. And make sure that matches up with where your income is at and what you think—and what your family thinks—is the best thing to be spending your money on. So let us know how it works. Thanks.

show transcriptShow transcript | Print transcript

Managing money is complicated, especially for people with a brain injury who may have trouble remembering what they spent or creating a budget. Adam shares some tips from online banking to keeping a spending journal.

 
Adam profile thumbnail

Hi, I’m Adam Anicich

I’m a former Army Sergeant, a Department of Veterans Affairs employee, a service-disabled vet, and someone with a brain injury. I’m here to share my story with you — along with some practical tips — and I hope that I can help you in your own journey of recovery.

Learn more about Adam >

 

Comments [3]

My tbi was on 4/14/02 and I've progressed to the point I'm in complete control of my finances! I live alone, pay all my bills online, buy food online and it's delivered to my home!

Mar 24th, 2015 7:46am

HI, ADAM, I am a TBI thivror for 34 years and over them I've had used may different techniques to "manage" my money and the one that works for me I would like to discuss with you on an episode of my TBI Blog Talk Radio Show of which I am the Thursday night host .. My name is "Fantastic Frank" My show is live each Thursday night @ 10:00 PM EST .

If you would like to be my guest on and upcoming episode please let me know  and I will have my producer "CC: get in touch with you..

I know that many people out there could benefit from our talk (myself included) who does still have "impulse issues" LOVE FF

Sep 19th, 2014 9:56pm

i wish i wouldve had someone to help me with my money,its like time i have no concept of it

Sep 19th, 2014 4:12pm

 


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