Recently a friend called me to ask for advice, this friend is recently divorced and things ended quasi amicably, but neither of them are/were good with money and both of them excessively spent more than they earned. Recently my friend was facing foreclosure and had to sell their home, luckily they were able to get out from under the mortgage and even managed to make a very small profit on the sale of their home. They were able to use the money to get ahead on the rest of their bills and have finally decided it is time to get ahead and take care of their financial situation.
But back to the reason for the call, my friends ex had called and stated their power had been cut off and if my friend didn’t give them some money to turn it back on they would kill themselves. My friend did not have the money to lend, they could barely afford their own rent and power bills. If my friend lends them the money it would be at the cost of their own second months rent. My friend has a soft heart and was ready to lend money, they didn’t have, I advised my friend to not lend money,especially in this situation. The ex obviously needs more help than the few hunder dollars to turn their power on. What would you tell my friend?