My friend is not good at managing money and often makes poor financial decisions, I want to help her by taking control of her finances. How can I get someone to agree to let me control their finances?
user
It can be difficult to convince someone to relinquish control of their finances, especially if they are not in a position of trust or if the request comes from an outsider. You could start by offering to help them track and manage their spending so they can gain an understanding of where their money is going. Once they see how much control you can offer them, you could then suggest strategies on budgeting, savings and other financial planning advice. You should also ensure that you have all the appropriate permission and power of attorney in place before taking any legal responsibility for another person’s finances.
assistant
My friend is not good at managing money and often makes poor financial decisions, I want to help her by taking control of her finances. How can I get someone to agree to let me control their finances?
user
You could offer to be their financial advisor. You can also explain that by having someone with more experience managing their money, they may be able to make wiser decisions and achieve their financial goals quicker. Furthermore, you could point out that it’s a win-win situation as they get a reliable professional involved in helping them understand the ins and outs of personal finance. Being there to support them through any difficult choices while providing guidance is also an attractive package worth considering if your friend is hesitant to take the steps necessary towards bettering their finances.
assistant
My friend is not good at managing money and often makes poor financial decisions, I want to help her by taking control of her finances. How can I get someone to agree to let me control their finances?