Episode #17: Frugality for Depressives – Managing Money When Dealing With Mental Illness – With Abigail Perry
Bio: After a rare neurological disease nearly killed her at 19, Abigail was left with chronic fatigue and depression. She shares her story and encourages others. Abigail believes that “Everyone has limitations, no matter what your health and income levels look like. Most of us have a near-infinite number of things we should do (or want to do), but an all-too-finite amount of time and energy. Every day we make mistakes or take shortcuts due to overcommitment, stress, health issues or simple exhaustion. That’s not a flaw or personal failing. It’s normal. It’s human. The sooner we can accept this, the sooner we can find peace and balance in our lives.”
Show Description: Abigail and I discuss the influence of depression and mental illness on finance, and some practical ways to cope with finances while not giving up completely. We discuss comfort spending, creating inertia, and automation in making finances easier. Many many more powerful skills and ideas are found in her book!
- 0:53 – About Abigail
- 2:10 – Budgets and Mental Illness
- 5:15 – Finding What Works For You
- 6:50 – Online Bloggers: Only Sharing Success. “Everyone has Foibles”
- 7:40 – The Foibles: Breathing Room, and “The Dad Syndrome”
- 11:11 – Comfort Spending: Making Room For Hard Moments (and Weeks)
- 13:40 – Building Enjoyment: Planning and The Power of Anticipation
- 17:21 – What You REALLY Want – A Reason For Spending Habits
- 20:40 – A Flurry of Powerful Habits from Abigail for Depression and Finances
- 23:10 – Abigail’s Money Maxim
“Celebrate Every Win, Big or Small, It’s Still Progress” – Abigail Perry
Plan fun events 3-4 weeks out. Plan a vacation next fall, or next summer. Having an exciting event to build up to can keep you focused, empowered, and committed to a fun thing you can talk about, invite friends to, and help fight depression with. Plans create excitement, and a goal to work towards.
Realize when you’re expecting too much. And question why. Who told you that that expectation is required? Is it yourself? Or someone else who’s appearing perfect?
Create Buffer room in your Budget! If your spending plan doesn’t have extra money, or “cash nuances” or “fun money” you’re doing it wrong!
Share Your Wins! Share on FinancialGinger or In the Comments Below!
Contacts and Links from the Show
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