Cofounder of Abuse Refuge Org - First person ever having gone through Norm Therapy®
Financial (Emotional) Abuse oftentimes occur when we talk about relationship abuse, we typically are focused on physical and emotional mistreatment. You might be surprised to hear that financial abuse or the control of one’s ability to acquire, maintain and use money by an intimate partner occurs in up to 99 percent of domestic violence cases. This is a staggering statistic!
This may be surprising but there are many reasons why people aren’t talking about financial abuse. This silent form of abuse is often not easily recognized and starts with what we may see as small offenses. Over time, they evolve into greater financial offenses which we may not recognize are even occurring. A partner may insist upon managing finances without your input or demanding you drop your job. Their goal is to create ways to limit your ability to earn money. Important to note, abusers may restrict access to those things that you haven’t purchased.
LOOKING AT THE SIGNS
Since there isn’t one single way to manage money in a relationship, financial abuse can often vary across situations. Identifying abusive tactics isn’t always easy to detect, as abusive partners defend what they say as being normal in a relationship. Be on the lookout for the following tactics which an abuser may use as a trap:
- Making you account for all purchases
- Puts added pressure on you to quit your job
- Places limitations on access to your own bank account or mutual bank accounts
- Sabotages your work responsibilities
- Providing budgets or allowances that can be spent without your decision-making participation
- Threatens to cut you off financially when you disagree
- All money and assets that you generate, he feels entitled to
- Spends your money without your having any knowledge
- Controls how household finances are spent
- Acts out through belittling or physical abuse when they get angry over your purchases
- Puts limitations on your ability to attend anything related to job training, pursuing higher education or advancement of your career
- Refuses to work or help with household responsibilities
- Maxes out your credit cards in your name (and then refuses to make payments on those credit cards)
- Takes funds out of your children’s savings account without your input
- Offers to babysit and then doesn’t show up or hides your keys when you need to leave for work
FINANCIAL ABUSE LONG TERM
Financial abuse can have long term effects long after you’ve left the relationship. When credit cards are maxed out and the person refuses to make payments that person’s credit and ability to purchase a car, find a place to live, or obtain student loans becomes nearly impossible. Survivors often face all kinds of new challenges in regards to their safety and long-term security when this takes place.
If you are being faced with Financial Abuse by your spouse, reach out to us as we are here to help and have a variety of resources available.