Financial abuse is a tactic used by abusers to gain control over their partner by restricting their access to money, sabotaging their financial independence, or creating financial dependency. It can be difficult to spot but is a significant barrier for those trying to leave abusive relationships.
- Examples of Financial Abuse:
- Controlling Money: The abuser may take complete control of all financial decisions, prevent you from accessing bank accounts, or give you an allowance.
- Sabotaging Employment: They may prevent you from working, sabotage your job performance, or force you to quit your job.
- Stealing or Withholding Money: The abuser might take your money without permission, refuse to give you money for basic needs, or withhold financial information.
- The Impact on Victims:
Financial abuse can leave victims feeling trapped, as they may not have the financial resources to leave the relationship. It can also lead to damaged credit scores and long-term financial instability.
- How to Get Help:
If you’re experiencing financial abuse, start by gathering important documents (like bank statements and credit reports) and securing them in a safe place. Violence Free Futures can help you create a safety plan and provide resources to help you regain your financial independence.
- Resources for Financial Empowerment:
- The National Network to End Domestic Violence offers financial empowerment programs to help survivors rebuild their financial stability.
- Local Support: Violence Free Futures provides access to financial literacy programs and can connect you with local resources to help you rebuild your financial life.