Ask-a-Dave's-Gardener: Help! What's wrong with my friend's money tree?, 3 by black_rose

black_rose wrote:
I got my friend this money tree as a present. When I bought it, all the leaves were standing up at full perkiness. In the couple months since then, it has grown a ton of new leaves but EVERYTHING IS DROOPING! You can see how sad and drippy all the leaves are. The old leaves are angled down, and the stems are the new leaves are bent right in half.

Can anyone tell what is causing this wilting?

Pot:

He repotted it into a slightly larger ceramic pot with Black Gold organic potting soil. The pot has a drainage hole and we put a couple inches of gravel in the bottom to help draining.

Watering:

He was keeping it really wet, watering it every day. When I realized it was wilting, I told him to cut back on the watering and only water when the top of the soil is dry.

Sun:

It is in a north-facing room and gets less than an hour of direct sunlight a day. When I realized it was wilting, I told him to put it closer to the window, thinking it might want more sun?