In this piece, I share hard-earned lessons from both managing and mismanaging my finances, and offer strategies that have helped me stay afloat—even during the worst episodes. Success, for me, means accountability, self-reflection, and building a money relationship rooted in honesty and awareness of my patterns.

Surviving on Long-Term Disability

Despite my education and work history in communications, event planning, and healthcare, my illness has led to recurring hospitalizations and job loss. Over the past 15 years, I’ve relied on long-term disability to survive. The paperwork and emotional labour of proving my illness to access support is overwhelming, and this latest application process has left me feeling scrutinized and vulnerable.

I’m grateful for the safety net—but I’m also scared. Scared of becoming stuck. I still want to build something meaningful and live a life my younger self would be proud of. Living with an invisible disability means constantly reckoning with what I can do, and letting go of what I wish I could.

Reclaiming Purpose Outside the 9 to 5

Filing for financial security forced me to confront some truths: I can’t function in a traditional 9–5. I do well at first, but stress leads to anxiety, then insomnia, hypomania, and ultimately, hospitalization. It’s a cycle I’ve repeated for over a decade.

But I also know this—I don’t want to live dependent on someone else’s signature on a monthly cheque. I want freedom. I want to earn in ways that honour my limits and ignite my passion. Lately, I’ve found hope in honorarium-based work: peer support, advocacy, storytelling. It’s not about big money—it’s about meaning, and reclaiming my path on my terms.

Real Financial Strategies That Work

I’ve had to rethink everything about money. I used to say, “You have to spend money so you don’t spend money,” which justified all sorts of reckless habits. But when I realized no one was coming to rescue me, I knew I had to change. Here are strategies that have helped:

• Budget with Mood in Mind: Plan for highs and lows. A budget rooted in your real habits—not just your best ones—can help manage hyper-spending and avoid rock bottom.
  
  

• Automate Bill Payments: Set up auto-pay for essentials like rent, insurance, and subscriptions. It’s a lifeline during episodes.
  
  

• Two Budgets Are Better Than One: Create a high-functioning and low-functioning budget. Pre-pay essentials like meds and food when you’re well.
  
  

Rebuilding Identity Through Money Management

Financial independence isn’t just about numbers—it’s about rebuilding who you are. I used to rely on my parents when I didn’t have to. But being unhoused, living in a shelter, forced me to grow. I stopped fearing risk and started taking control.

Now, I earn by sharing my story. I’m not chasing titles. I’m building a life I can actually live. I don’t define success by how much I earn—but by how my experiences help others.

Final Thoughts

Managing money with Bipolar Disorder is a journey. Whether you’re on disability, returning to work, or saving $20 a week for the first time in years—you’re still moving forward. Here are some mantras I say to myself. Maybe they’ll help you too:

• “You’re not lazy—you’re strong.”
  
  

• “It’s okay to receive support and still want more.”
  
  

• “Your financial past doesn’t define your future.”
  
  

Money isn’t your purpose—but it can support your purpose. Build routines. Make mindful choices. Forgive your slip-ups. Learn your patterns. And most importantly, ask yourself:

What small step can I take today to feel more empowered about money?

Understanding Bipolar Disorder and Its Financial Impact

Bipolar disorder is characterized by extreme mood changes, including manic episodes where I feel invincible and depressive phases where I can hardly get out of bed. The symptoms can lead to impulsive financial decisions. I’ve been financially abusive and financially abused, leading to a complicated relationship with money. During manic episodes, spending is not just impulsive; it can spiral out of control. For instance, I once spent over $14,000 on Amazon, convinced I was starting a charitable business that would distribute self-care toolkits. What began as a noble idea quickly turned into a symptom of my mania.

This kind of spending creates unexpected expenses, especially when hospitalization becomes necessary. During these times, my access to finances is often cut off, which can lead to unpaid bills and mounting debt. I’ve learned the hard way that a financial safety net is crucial for stability during these challenging periods.

Common Financial Challenges Faced by Women with Bipolar Disorder

Women like me face unique challenges related to financial stability. For instance, the disruption of income due to hospitalization or mood swings can leave a significant gap in finances. On top of that, maintaining a consistent budget can feel like a monumental task. The impact of impulsive spending during manic episodes can lead to financial turmoil, making it difficult to regain control when the high subsides and the lows set in.

As a Peer Support Specialist, I understand that these challenges can feel isolating. But it’s important to remember that you are not alone. Sharing our stories and supporting one another can create a stronger sense of community and resilience.

Money Management Strategies for Better Control

Creating a realistic budget tailored to individual needs is essential. After much trial and error, I hired a financial friend who understood my unique experience. She helped me build a budget that is both flexible and practical. I update this budget regularly, allowing for the highs and lows that come with Bipolar disorder.

I’m not a fan of financial apps or automation; instead, I prefer to pay my few bills in full each month. Additionally, I have a joint savings account with my grandmother, into which I contribute monthly. This account is earmarked for a tropical vacation next year—a goal that brings me joy and motivation.

Having someone trustworthy to help navigate my finances has been a game changer. When I'm unwell, I lean on my mental health mentor to handle my bills and provide guidance on necessary purchases. Setting clear financial boundaries is crucial. It’s vital to have someone who won’t enable impulsive spending habits and can advocate for me when my judgment is clouded.

Navigating Healthcare Costs and Insurance Challenges

Healthcare costs can be daunting, especially when managing Bipolar I disorder. Understanding insurance coverage for mental health treatments is crucial. In Canada, programs like OHIP cover inpatient and outpatient psychiatric treatment, but there can still be unexpected expenses. I’ve learned to inquire about what my insurance covers, especially when seeking help at rehabilitation centers.

Additionally, exploring financial assistance programs can provide a safety net during tough times. The Ontario Disability Support Program (ODSP) offers financial support for individuals diagnosed with Bipolar disorder, helping to ease some of the economic burdens.

Building a Support Network for Financial Management

A strong support network is invaluable for managing finances. Seeking support from family and friends can provide not only emotional but also practical help. I have found that sharing my experiences encourages others to do the same. It’s vital to find financial advisors or counselors who understand mental health issues and can offer tailored advice.

Joining support groups focused on financial literacy for women with Bipolar disorder can be empowering. These groups offer resources, coping strategies, and the chance to connect with others who understand the unique challenges we face.

Personal Stories: Overcoming Financial Hurdles

I’ve learned that my journey with finances doesn’t have to be a solitary one. Sharing my personal experiences, from financial abuse to hiring trusted individuals to manage my money, shows that it’s possible to navigate these challenges successfully.

I remember feeling hopeless when I realized the extent of my spending during manic episodes. But with each setback, I’ve also learned valuable lessons about the importance of accountability and support. My story is just one of many; there are countless women who have overcome similar financial hurdles and emerged stronger.

Final Thoughts

Women with Bipolar I disorder face unique financial challenges that can feel overwhelming. However, by implementing practical money management strategies and seeking support, it is possible to create a more stable financial future. Remember, taking small steps can lead to significant changes. If you or someone you know is struggling with financial management due to Bipolar disorder, reach out for help and start on the path to financial wellness today.