As a manager, looking out for the welfare of the team means being aware of the personal life issues that come up and distract or disorient staff. One of the most impactful issues is personal finances. Being the representative of the company can make this issue seem unapproachable - after all, if your company is directly responsible for someone's financial situation, you can end up feeling at fault, even if you have no direct ability to change their circumstances. However, avoiding the conversation isn't helpful for anyone either.