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  • Writer's pictureLandon Payne

Cash & Clarity: 4 Tips For Managing Sobriety & Mastering Financial Wellness

If you've been reading my blog for a while, you know I'm all about finding and sharing every resource available to me. I've written extensively on the benefits of living sober from alcohol. We've covered the ups, the downs, and in-betweens. However, there is one topic that is rarely discussed in these conversations: Financial wellbeing.


In active addiction, I spent nearly every dime I had as fast as I earned it. Whenever those sweet coins were direct deposited, I made a beeline directly for the liquor store to gather my supplies. Financial woes can be just as triggering as the people and places you should steer clear of. Understanding money management and how important it is to helping maintain sobriety is critical.



Freeing yourself from the throws of addiction leads to numerous positive changes, both in your physical and financial well-being. Lack of financial management in conjunction with addiction can lead to homelessness, poverty, and debt. The result of being low on funds leads to feelings of despair and hopelessness. These feelings can lead a person to using drugs or alcohol to cope. Just like other relapse triggers, the key to avoiding relapse is to identify the trigger and determine how to avoid it.


Take Debt Inventory


When you're in the process of budgeting and trying to understand where you stand financially, the best place to start is with what you have. Personally, I always begin with debts. Knowing what you owe and having solid plan to repay them can boost your psyche in a major way. Whether you start with high interest debt first or tackle the lowest interest debt, having a plan and executing it can give you peace of mind.



Create A Budget


So I have a budget that I review each month. Some months are better than others, but it relieves me to see where my money is going before it's gone. In the past, I was subscribed to so many streaming services, food delivery apps, and numerous other enjoyments that I had no idea where my was going. Having a budget that covers my needs, debt repayments, and savings leaves me space for the things I WANT. Speaking of wants...


Separate Your Wants & Needs


I've been in my apartment for almost two years and it's STILL not decorated to my liking. I want a coffee table, a record player display, and the walls are in DESPERATE need of some art. I want these things and I want them NOW. However, as the Rolling Stones once sang "you can't always get what you want". I want to DoorDash, but I'll save more money cooking the very pricey groceries chilling in the fridge. Admittedly, I'm a frivolous spender. You might say I traded one addiction for another. Shopping puts me in a state of absolute euphoria!


I've managed to keep from shopping myself into poverty by being patient. If there's something I want, I'll wait for a little while and let my excitement die down a bit. If I still want that thing a month later, I'll buy it. It's helped me quell my impulse buys a lot. Also, emphasize what your needs are versus what you want. Some needs include rent/mortgage, utilities, transportation, etc. Wants are simply expenses that we can comfortably live without. Choose wisely.



Get Help


It's okay to not be okay. Asking for help isn't an admission of failure or incapability. When we're feeling overwhelmed with budgets and expenses, seeking the help of a trusted friend or family member can go a long way in getting our heads above water. It goes without saying that getting assistance from a professional like a financial advisor can be very beneficial as well!


Choosing a sober lifestyle is not just about giving up alcohol; it’s about unlocking a world of financial freedom and happiness. By embracing sobriety, you can save money, nurture healthier relationships, and explore exciting alternatives for socializing and entertainment. Remember, the journey to a fulfilling life starts with a single step. So take that step towards a vibrant, alcohol-free future, and watch as your savings and joy grow exponentially. Cheers to the many possibilities that await you!


I'd love to give a shoutout to my friends at Annuity.org! They have tons of useful personal finance information and guides to help us grow and maintain financially! I highly recommend checking out their informational resources! They provide valuable insights and practical guidance to support individuals in their recovery journeys.


Helpful Links From Annuity.org:

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