[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 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.