My divorced friend is terrible with money. It's like watching a financial train wreck in slow motion - how do I help her?
Briefly

My divorced friend is terrible with money. It's like watching a financial train wreck in slow motion - how do I help her?
"She is almost willfully ignorant about money. She'll say things like, "I don't do math!" or "I don't even know how to read my paystub!" She's an emotional spender and shops online almost daily. I've offered to help her create a budget and discuss finances, but she brushes off my suggestions. She's receiving alimony and child support now, but she's going to be in real trouble once this runs out in a few years."
"The turmoil you feel over your friend's financial situation shows how much you care about her. Feeling compelled to help someone you care deeply about is the most natural thing in the world, and an essential part of friendship. However, I want to say right from the start that while you can offer resources and find creative ways to support sound financial decision-making, you can't force your friend to accept your help, nor can you force her to change."
A recently divorced woman relied on her husband for finances and lacks basic money skills while spending emotionally and shopping online frequently. A friend offers budgeting help but faces resistance as the woman brushes off suggestions and expresses willful ignorance. The friend receives temporary alimony and child support and risks future hardship once payments end. Support can include offering resources, role-modeling healthy financial habits, encouraging small, manageable steps, and suggesting professional help or education. Personal boundaries and protection of one’s own money are important while remaining emotionally supportive and patient for gradual change.
Read at Business Insider
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