Taking Charge: Financial Safety Tips for Families Affected by Addiction
You are not powerless when it comes to your finances. This is the very first step to taking back the power over this disease.
Ever felt like your finances are spiraling out of control because of a loved one's addiction? Michelle Anderson knows that feeling all too well. In this episode of 'Love Over Addiction', she opens up about her own experience with financial chaos caused by her husband's addiction. Michelle thought it was romantic that her husband handled the bills, but the reality was far from a fairytale.
It wasn't until he entered rehab that she took a hard look at their bank statements and realized the extent of the damage. Michelle's story is a wake-up call for anyone dealing with similar issues. She shares practical advice on how to regain control of your finances. Her top tip? Separate bank accounts. If both partners are earning, each should have their own account, with no access granted to the other.
This simple step can prevent money meant for bills and essentials from being squandered on addictive behaviors. But Michelle doesn't stop there. She also offers advice for stay-at-home parents who might feel powerless over the family finances. Automate bill payments to ensure they are always covered, and use budgeting tools like those offered by Dave Ramsey to get a handle on your spending.
This episode isn't just about money; it's about reclaiming your power and taking steps to protect your family's future. Michelle's down-to-earth advice and personal anecdotes make it clear that you're not alone in this struggle. Tune in to find out how you can start making positive changes today.