Worried about someone else?
If you’re worried about a friend or family member who’s having money troubles with their business, you’re not alone. It can be hard to know how to help them or how to even start talking about it. This page will help you learn the best ways to support and help someone you care about.
Start the conversation
Talking about money can be tricky. It’s even harder if someone is feeling stressed about it, especially if it’s about their own business.
Here’s how you can bring up the topic gently.
- Choose the right time and place: Find a quiet moment where you can chat without being interrupted. Choose somewhere private where they’ll feel safe to open up.
- Be kind and don’t judge them: Start by expressing your care and worry. You might say something like, “I’ve noticed you seem stressed lately, and I’m here if you want to talk about anything.”
- Listen more than you speak: Give them space to share their feelings. Listen carefully and don’t rush to give advice.
- Offer reassurance: Let them know they’re not alone and that many people face money problems. Assure them that it’s okay to get help and that solutions are available.
Ready to make a plan?
We can help you make a plan to take control of your debt. Get started by using My Budget.
Introducing Business Debtline
After your conversation, you might suggest that they reach out to Business Debtline for professional advice.
We’ve been helping self-employed people and small businesses with debt for over 30 years. We know being in debt can be hard to deal with. That’s why we’re here to help.
Completely free
Unlike some services, we never charge for our support. Every call, webchat, and online tool is free to use.
Tailored to your situation
Our expert debt advisers listen to your concerns and help you find the best solution for your circumstances.
Regulated
We are authorised and regulated by the Financial Conduct Authority (FCA), so you can be confident that our advice meets strict standards and is always in your best interest.
Confidential and judgment-free
We know debt can be difficult to talk about. Our service is private, anonymous, and always supportive.
Other ways to help
Here are some more ways you can help someone who’s having a hard time with money. By doing these things, you show that you really care and want to help them feel better about their money problems.
- Help them with budgeting: Offer to help them make a budget plan to track their spending and saving.
- Point out resources: Our support resources might be useful if someone you know is struggling with their mental health.
- Be there for them: Sometimes just knowing someone is there to listen can be a big relief.
- Encourage small steps: Celebrate their small wins. This can boost their confidence.