Financial abuse is another form of family violence and is far more common than you may realise. Like family violence, financial abuse comes in many different forms. Generally financial abuse is where one person controls or influences another persons financial decisions, which generally disadvantages that person. It may be a person forcing or coercing you to take loans in your name, but for their benefit. It could be someone forcing you to transfer assets from you to them, it could be as simple and subtle as someone restricting the money you need to buy groceries or pay bills such as electricity or gas.
It is not uncommon for a victim to have to regularly account for every cent spent, or regularly feel anxious and worried when spending, for of, and having to be accountable, to their abuser – and that’s what this person is, an abuser who has taken advantage – there is NO excuse for this behaviour, but there is help available, when you’re ready.
To provide context, sometimes an abuser may use subtle tactics like manipulation while other abusers may be more overt, demanding, and intimidating. The end goal is always the same; to gain power and control in a relationship to the financial disadvantage of the victim. Below we have provided resources that will provide you with more information and assistance. We’re always happy to listen and you can contact us here. To ease the path and provide you with additional support, we’ve provided some other resources below which we hope you find helpful.