FEAR & GREED | Business News Sunday feature: Helping a friend in financial trouble
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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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Recognizing Financial Distress Signs
- Financial stress shows in subtle and obvious behavior changes, like spending habits or social avoidance.
- Physical signs of stress and irritability often accompany financial difficulties, revealing deeper struggles.
Honesty Eases Financial Pressure
- Michael Thompson recalled telling friends he couldn’t afford an expensive restaurant and they understood.
- His honesty led to changing plans and eased social pressure around money.
Empathy When Approaching Money Talks
- Approach financial distress conversations with empathy, compassion, and open-ended questions.
- Create a safe, non-judgmental space encouraging sharing without rushing solutions.