There are many different types of domestic violence, and financial abuse is often present alongside other forms such as physical, emotional, or psychological abuse. Financial abuse occurs when one partner controls the other’s access to money or resources, limiting their independence and ability to leave the relationship.
According to the National Network to End Domestic Violence, 99% of domestic violence cases involve some form of financial abuse.
Recognizing the warning signs is crucial. These can include controlling bank accounts, withholding money, preventing someone from working, or running up debt in their name. To better understand and recognize these behaviors, read the following signs provided by DomesticShelters.org:
This is what financial abuse can look like:
- Restricting a victim’s access to bank accounts or credit cards
- Putting their partner on an allowance
- Making their partner show receipts for every purchase
- Sabotaging employment opportunities for the victim
- Forbidding the victim from working
- Forcing a victim to file fraudulent tax returns
- Intentionally ruining a victim’s credit as a way to keep them financially dependent
The first step in preventing financial abuse is recognizing the warning signs and understanding that it is a serious form of control. If you or someone you know is experiencing financial abuse, reach out to the HAVEN program for support and guidance—help is available, and you are not alone.
Thanks for reading,
Tracie
HAVEN Advocates are here to help!
