So should i help a friend who is in need but back in his earlier days, he use to waste all his money on women?

Do not give him money. You can be there as a caring friend and listen to his tales of woe, but this guy does NOT know how to manage money and you might as well just set the money on fire. Besides, nothing breaks up a friendship faster than lending money. You might see him out partying on your dime and that would make you so mad - that money was to get back on your feet, clown! Does he have parents? He should hit them up for money but not you. You are not the Bank of America,