Saving Families from the Financial Devastation of Addiction

Helping your loved one without sacrificing your family’s finances.


You just learned that your loved one has an addiction that is threatening their life and stability.

You have been trying to ignore the signs. The withdrawals from the bank account. The late-night meetings. The covert phone calls. Glassy eyes. Inconsistent mood swings. Poor school grades. Dissatisfaction with work.

It is time to deal with reality. These behaviors are not in keeping with your loved one’s temperament and have been going on for way too long. Old friends are no longer in the picture, and the new circle of friends does not share the aspirations and dreams that your loved one previously spoke about achieving.

Maybe you are already in family counseling and have been told that the situation is escalating.


You want the best rehab services for your loved one. Cost is not foremost in your mind — saving a life is all that matters.

But what impact will the cost of treatment have on your finances?

The financial implications stemming from addiction are significant, life-changing, and a critical component to the ongoing recovery of the individual and their family.

Your emotions are high. Can you objectively assess the cost of treatment with the availability of assets that you have to pay for the treatment?


I have been through it.

I was willing to do whatever was needed to save our son. It was terrifying. All the love in the world was not going to make the situation better. We needed experienced professionals with reputations for successfully diffusing this nightmare.

Michael works with families battling addiction to prepare for the long road ahead and to make sound financial decisions along the way.

Michael Lewis created Tutor Financial after a 30-plus-year career in financial services as a Chartered Financial Analyst (CFA). He is an experienced professional, offering insights on investment products, strategies, and risk management.

His major career achievements include serving as a portfolio manager for a leading Canadian Investment Firm with ~$1 Billion in assets under management, managing multi-million-dollar budgets, and developing customized risk management solutions.

Michael’s practice includes a specialty area focusing on executive families needing assistance in dealing with the financial considerations surrounding the addiction and recovery of a loved one. Drawing on the personal journey that he and his wife Sharon experienced with their son’s battle and recovery with addiction, Michael can walk you through financial structures that support recovery and harmony within your household.

Michael delivers lectures at recovery centers across the U.S. on the topic of financial literacy and the role it plays in recovery.


I provide comprehensive financial services for people who are suffering from addiction or going through recovery.

Addiction and financial struggles are two of the most stigmatized issues people face in today’s society. If you or your family are touched by both, it can be an impossible challenge to overcome without the right expert guidance.

I can help you avoid the financially devastating consequences so that your family can have financial stability during and after this emotional time.


Recovery is a journey. So is financial stability through recovery. I can help you through all stages.


  • Help your loved one without sacrificing the livelihood of your family.
  • Ensure that your loved one maintains their potential eligibility for financial assistance.


  • Protect your assets.
  • Ensure that you are not leaving money to someone who is neither emotionally or intellectually capable of managing financial affairs — by creating and managing a trust.


  • Facilitate the conversation about the addict’s impact on others.
  • Help you learn to set boundaries and hold each other accountable.


  • Achieve emotional confidence that comes with financial literacy, budgets, and spending activities by providing financial coaching. Emotionally healthy and confident people make better choices about relationships, careers, and other major aspects of their lives.
  • Assist those transitioning from recovery to independent living with their resumes and interview skills and create a strategy for presenting themselves to prospective employers.


Call me to schedule a complimentary 45-minute evaluation. From there, we can determine how best to address your situation.

Please use our calendar link to book your evaluation.

In a survey of 149 friends and family members of people with a substance abuse disorder:


said their loved one experienced an adverse financial impact.


said their loved one drained thrift savings accounts.


cited a filing for bankruptcy.

The Cost of Addiction

A person addicted to cocaine or heroin can spend over $10,000 a year to support the habit.

The Cost of Rebab

Detox services, for instance, can cost between $250 to $800 a day out-of-pocket. Residential rehab programs can cost between $2,000 to $25,000 depending on the length of stay and amenities offered.

Financial Problems During Addiction Recovery

If you think that financial problems end when an addict is in recovery, you’re mistaken: 72 percent of the survey respondents said no matter how well someone manages money during their addiction, managing money during recovery is even harder. Treatment is extraordinarily expensive, and it often takes a couple of tries.

It pays to get financial advice.

You can book your complimentary consultation with Michael using this calendar link