Financial Planning in Recovery

Financial Planning in Addiction Recovery

Addiction Affects Our Finances

For most of us, the reality of our finances can be overwhelming - either upon entering a treatment program or right as we leave it. Many people in recovery have some form of financial difficulty caused by addictive consequences s that can include legal issues, losses due to job status or for some, just never learning how to manage finances in the first place.When you first started treatment, you learned that you have to set small goals—which should be specific, attainable and measurable—and create a plan for staying sober.

To become stronger financially, you need to do the exact same thing. Creating specific, attainable, and measurable goals around your finances are important steps in your long-term financial recovery plan.

This information can help start you on the path of identifying financial problem areas, learning about finances in recovery, provide some basic tools to grow and ways to ensure your financial recovery is integrated into your larger recovery plan.

Here are some links to resources on financial planning, money management, and more.

Smart About Money

Taken from the Smart About Money Website:

"You try to be physically healthy. Watch what you eat. Exercise. But are you doing the right things to be financially healthy too? Consider the experts at Smart About Money your partners in financial fitness and long-term wealth health."

"Smart About Money is one of the many programs of the National Endowment for Financial Education®. NEFE® is an independent, nonprofit foundation committed to educating Americans on a broad range of financial topics and empowering them to make positive and sound decisions to reach their financial goals."

This website provides tools and education to help you in your new financial independence.

Smart About Money
https://www.smartaboutmoney.org/

Feed the Pig

Feed the Pig is an excellent site from the American Institute of CPAs, and can help you create a financial plan.

"We’re here to help you do just that, feed your piggy bank. Here, you’ll find helpful tools, articles, tons of tips and other resources to help you on your path to financial stability. We’ll help you think through your spending and saving habits, identify ways you can start saving and commit to making changes that will reduce your debt and grow your savings."

Feed the Pig
http://www.feedthepig.org/

United States Federal Reserve

The U.S. Federal Reserve's website has many great resources and links to financial planning and wealth resources, such as:

  • Building Wealth
  • Money Education
  • Personal Finance
  • Saving Resources

US Federal Reserve - Consumer Information
https://www.federalreserve.gov/consumerscommunities.htm

What goals can you create to move towards improving your financial situation?

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