What is Financial Abuse

Financial abuse can take many forms:

 

  1. Avoids or refuses to pay child support
  2. Believes they are entitled to your money or assets
  3. Becomes angry over money issues and then resorts to other kinds of abuse like name calling and physical abuse
  4. Blames you for their financial difficulties
  5. Borrows money without repaying it
  6. Claims they will pay bills that are in your name and doesn’t thereby ruining your credit score
  7. Controls any welfare benefits you are receiving
  8. Criticises every financial decision you make
  9. Decides what employment you can or can’t take
  10. Deliberately sabotages your work responsibilities and employment opportunities
  11. Doesn’t allow you to spend money on your children or yourself without asking permission
  12. Drags out divorce proceeding in order to inflict as much financial harm as possible
  13. Expects you to bail them out if they get into financial difficulties.
  14. Expects you to pay their bills and financial obligations
  15. Expects you to share your income but will not share theirs
  16. Forces you to sign financial documents without explaining what they are
  17. Has control over the household expenses
  18. Hides or takes funds and puts them into a private account that you don’t know about
  19. Makes major financial decisions without consulting you
  20. Makes it impossible for you to leave as they have full control over the finances
  21. Prevents access to your own money. This includes having your own bank account or credit cards
  22. Prevents you from working
  23. Prevents you from attending job training or pursing further education so that you can advance your career
  24. Provides you with an allowance in an amount of their determination
  25. Refuses to provide you with money in order to pay accounts that are in your name. Or refuses to directly pay the accounts.
  26. Requires utility bills are in your name
  27. Requires you to account for everything you spend and asks for receipts
  28. Requires you to hand over your pay or have your salary paid into your joint account
  29. Requires access to your bank statements and other financial records
  30. Runs up debts in your name
  31. Accrues debts on your joint account without your permission
  32. Takes out credit accounts using your name and personal information
  33. Threats to cut you off financially if you disagree with them
  34. Threatens to lie to officials and claim you are “cheating” if you are receiving benefits
  35. Will spend money on themselves but prevents you from doing the same
  36. Will spend money without your knowledge
  37. Will use money from children’s savings accounts
  38. Won’t work or contribute to the household expenses

 

If you are experiencing any of the above you are being financially abused. If you have been subjected to any of the above then yes you have been financially abused.