FEAR & GREED | Business News
Sunday feature: Helping a friend in financial trouble
Mar 29, 2025
Canna Campbell, a financial planner for 20 years and founder of Sugar Mama TV, shares insightful strategies on how to help friends in financial trouble. She discusses recognizing signs of financial distress, such as altered spending habits and social withdrawal. Emphasizing the need for open communication, Canna highlights the importance of approaching these sensitive topics with compassion. She also offers guidance on accessing resources while advocating for boundaries to protect one’s own financial health during these delicate conversations.
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Quick takeaways
- Changes in spending habits, such as increased frugality or overspending, can indicate someone is experiencing financial distress.
- Approaching a friend in financial trouble with empathy while establishing boundaries is essential for fostering a supportive and empowering dialogue.
Deep dives
Recognizing Signs of Financial Trouble
Changes in spending habits can serve as key indicators of someone facing financial difficulties. This may include becoming unusually frugal or excessively spending in order to keep appearances, both of which can exacerbate underlying issues. Other signs include avoiding social situations, needing to borrow money frequently, or displaying stress and anxiety through physical appearance. It's crucial to acknowledge that a person's financial woes can stem from various reasons, including bad luck, rather than solely from poor financial choices.
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