Signs of Financial Abuse

 Posted on August 30, 2018 in Family Law

When most people hear the word domestic violence, they think of physical and emotional abuse. However, financial abuse does not often come to mind. Financial abuse is a common yet overlooked type of domestic violence, which can make life a real challenge for a victim. Let’s take a closer look at the major warning signs of financial abuse.

1. No Control of Finances

Often, one spouse is better equipped to handle finances than the other and takes care of most of the family’s money management. Although this scenario is perfectly okay, sometimes, it can get out of hand. When one spouse takes complete control of the finances and prevents the other from accessing funds or information, there is an issue. If the spouse who is not involved in the family finances only pays cash for items and/or does not have access to a checkbook or credit card, financial abuse may be taking place.

2. Threats of Leaving

If one spouse knows that the other cannot support themselves financially, they may threaten to leave them. Once this threat is used, a spouse may feel like they have no control of their life because, without their partner, they would not be able to meet their daily needs. They may stay in a marriage just so they can be supported.

3. Forced Career Choices

In the event a spouse is in a financially abusive relationship, they may be forced to take a career path they would have never selected on their own. For example, a husband may demand that his wife becomes a stay-at-home mom even though she wishes to use her education and pursue a fulfilling career as a nurse.

4. Having to Justify Every Penny Spent

When it comes to big purchases such as a house, car, or home appliance, it is healthy for couples to have a discussion. If a spouse has to explain every penny they spend, however, they may be a victim of financial abuse. Having to justify each and every purchase and/or being afraid to tell a spouse about a trip to the grocery store or restaurant is unhealthy.

Consult an Experienced DuPage County Domestic Violence

If you believe you are a victim of financial abuse, reach out to our DuPage County domestic violence attorneys. We will ensure your rights are protected and help you remove yourself from a dangerous situation and take control of your life. Call us at 630-920-8855 today.

Source:

http://www.divorcemag.com/blog/financial-abuse-is-a-form-of-domestic-violence