Hello everyone,
I’d like to talk about financial abuse. This is a very common form of abuse and occurs in most cases of domestic violence. Abuse is all about control, power, and manipulation. What better way to gain power than by cutting off the victim’s access to the family’s finances?
Listed below are some examples of financial abuse:
Preventing the victim from working.
Making her give the abuser her paycheck.
Making her account for all spending and put the victim on a strict budget.
Give the victim a small allowance.
Denying victim access to information on family finances.
The abuser controls all money and financial decisions.
The abuser runs up credit card bills.
Ruining the victims credit.
All these examples show the victim losing control of an important part of her livelihood. If she isn’t allowed to work, her social contact is limited, and she can’t advance in her profession. She becomes more dependent on the abuser financially.
When the abuser controls the amount of money spent, the victim is in a difficult position. It takes away her choices and freedom. Also, if she spends more money than ‘allotted’, she risks being abused. Having no control over the family budget implies she is beneath the abuser and is just a possession.
Ruining the victim’s credit cripples the victim and can prevent her from leaving the abuser because of financial reasons. This fulfills the abusers motive of gaining power and control in the relationship.
What can someone who is a victim of financial abuse do?
She can run her credit report and see if the abuser has opened credit card accounts in her name. Start putting money aside in a new individual bank account. Also, open a P.O. Box to receive financial statements and other pertinent information or use online banking if the computer is not monitored, although it probably is.
Any form of abuse is unacceptable. Financial abuse is just another example of how an abuser tries to control and manipulate.
If you’re being abused or know someone who is, please call the National Domestic Violence Hotline for help. 1-800-799-7233.
Remember, if we can help just one person, we’ve done our job.
Katelin Maloney
Kristin Paul, Purple Ribbon Publishing Author
Freeing Yourself Financially
Are you ready to become financially free?
Freeing Yourself Financially: A Woman’s Guide to Rebuilding Her Finances after Divorce is a step-by-step guide to gaining control of your finances. It covers topics such as creating a workable budget, reducing expenses, increasing income, dealing with credit card debt, life insurance matters, and saving for different goals.
Tools from this book have been taken from the author’s own experiences after her divorce, where she had to learn how to survive and take care of her children on a much lower income than she previously had.
After completing the steps in Freeing Yourself Financially, you will have the tools to change your financial situation. You will be empowered to make positive choices which will lead to less stress and a happier life.
Click here for more information.
I’d like to talk about financial abuse. This is a very common form of abuse and occurs in most cases of domestic violence. Abuse is all about control, power, and manipulation. What better way to gain power than by cutting off the victim’s access to the family’s finances?
Listed below are some examples of financial abuse:
Preventing the victim from working.
Making her give the abuser her paycheck.
Making her account for all spending and put the victim on a strict budget.
Give the victim a small allowance.
Denying victim access to information on family finances.
The abuser controls all money and financial decisions.
The abuser runs up credit card bills.
Ruining the victims credit.
All these examples show the victim losing control of an important part of her livelihood. If she isn’t allowed to work, her social contact is limited, and she can’t advance in her profession. She becomes more dependent on the abuser financially.
When the abuser controls the amount of money spent, the victim is in a difficult position. It takes away her choices and freedom. Also, if she spends more money than ‘allotted’, she risks being abused. Having no control over the family budget implies she is beneath the abuser and is just a possession.
Ruining the victim’s credit cripples the victim and can prevent her from leaving the abuser because of financial reasons. This fulfills the abusers motive of gaining power and control in the relationship.
What can someone who is a victim of financial abuse do?
She can run her credit report and see if the abuser has opened credit card accounts in her name. Start putting money aside in a new individual bank account. Also, open a P.O. Box to receive financial statements and other pertinent information or use online banking if the computer is not monitored, although it probably is.
Any form of abuse is unacceptable. Financial abuse is just another example of how an abuser tries to control and manipulate.
If you’re being abused or know someone who is, please call the National Domestic Violence Hotline for help. 1-800-799-7233.
Remember, if we can help just one person, we’ve done our job.
Katelin Maloney
Kristin Paul, Purple Ribbon Publishing Author
Freeing Yourself Financially
Are you ready to become financially free?
Freeing Yourself Financially: A Woman’s Guide to Rebuilding Her Finances after Divorce is a step-by-step guide to gaining control of your finances. It covers topics such as creating a workable budget, reducing expenses, increasing income, dealing with credit card debt, life insurance matters, and saving for different goals.
Tools from this book have been taken from the author’s own experiences after her divorce, where she had to learn how to survive and take care of her children on a much lower income than she previously had.
After completing the steps in Freeing Yourself Financially, you will have the tools to change your financial situation. You will be empowered to make positive choices which will lead to less stress and a happier life.
Click here for more information.
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