Financial Help for Recovering Addicts

24 August 2023

Financial Help for Recovering Addicts

Managing Your Finances During Recovery

People in recovery have unique hurdles to restoring or establishing financial independence. Getting their finances in order may even trigger a relapse. But approached properly, people in recovery can follow a few specific steps to achieve financial independence. (Source: Annuity.org)

Key Takeaways from the 'Financial Help for Recovering Addicts' Article

Recovering financial independence after struggling with substance abuse is a crucial step to recovery.
Individuals in recovery often face financial fallout, which can be compounded and threaten a relapse.
Financial stress can cause individuals to become overwhelmed and discouraged, leading to relapse and making the problem worse.
Building a strong financial foundation involves creating a budget, paying down debt and having a plan to manage finances.
Creating a budget is perhaps the most important step to getting your financial life on track.

This guide explores financial stress for people in recovery and where to turn for help in achieving financial independence:

Understanding Financial Stress During Addiction Recovery
Common Financial Concerns for Recovering Addicts
Financial Literacy Programs and People in Recovery
Financial Literacy Programs in Recovery
Financial Literacy Tips for Managing Your Finances in Recovery
Debt Management Strategies During Recovery
Build a Strong Financial Foundation for Long-Term Recovery
Financial Assistance and Other Resources for People in Recovery
Grants and Government Assistance for People in Recovery
Nonprofit and Other Organizations That Offer Financial Counseling
Frequently Asked Questions: Financial Wellness in Recovery
Connect With a Financial Advisor Instantly

Learn more about 'Financial Help for Recovering Addicts: Managing Your Finances During Recovery' on the Annuity Website.

Source / Reference: Annuity.org

Published with permission from Annuity.org