9 Ways to Help a Friend Who’s in
Don’t let your friend suffer from debt any longer.
1. Share personal stories of your
experience with financial struggles.
If you’ve ever been in a tight
spot financially, but got
through it without going
deeply into debt, tell your
friend how you did it.
You can also share stories of
friends or family you know
who overcame large
amounts of debt by
changing bad spending
habits or focusing on
2. Ask how you can help.
Simply ask if there’s anything you can do to help.
Sometimes, this kind gesture is all it takes to help a friend
overcome a struggle.
3. Discuss finances in general.
Find a time to sit down and ask your friend about the
details of her financial situation. Gently ask what her
income is like and what she’s spending money on. This
will help open her eyes about her circumstance.
Create three columns on a
piece paper and write down
the following categories:
necessary expenses, money
spent for pleasure, leftover
needs there’s no money for.
Document what your friend
has spent money on (or
should have spent money on)
in the last month by putting
each transaction in the
5. Discuss appropriate spending
Talk about how it’s not always necessary to go out to
dinner or to buy a new pair of shoes in order to spend
quality time with family or to feel happy. Discuss ways to
have fun without spending money.
6. Add up expenses.
Add up all the money your friend has spent on
unnecessary things. Once everything is accounted for,
ask her what she can start doing without in order to save
7. Help make a budget.
After weeding out unnecessary expenses, help your
friend make a budget that ensures all her needs and
primary expenses are being met first. Encourage her to
get a personal money management program that will
help her stick to her budget.
8. Be there for support.
Remember that getting out of debt and changing
spending habits take time. Make sure you’re there for
your friend throughout the entire process. Always be
willing to offer encouragement or advice.
9. Talk to a bankruptcy attorney.
If your friend’s spending habits have led to serious, deep
debt, encourage her to talk to a bankruptcy attorney,
Craig Swapp & Associates can provide her with a
bankruptcy attorney that will guide her through the
bankruptcy process and help her get the financial
freedom she’s seeking.
You or your friend can contact us today by calling 800-
404-9000 or by visiting craigswapp.com.