What is financial abuse?

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Financial and Economic abuse is a type of abuse in which the abuser uses the money as the means of having control over his another.  This form of abuse is common in cases of deomestic abuse.

When the victim asks for money the abuser will deny his it. The victim are not allowed to be self-employed by the partner, or if they are employed will be forced to give over their earnings to the abuser. This way the victim will be totally dependant on the domestic abuser. There could be some economical abused by the abuser on her partner to beg their partner for everyday necessity such as food, health care items (medicines) or diapers or toys for their children. If any case the abuser allows her partner to work, he or she has to give all the earning to their abuser.

Several times the abuser may give the money to his or her partner, which may not be sufficient enough to buy or purchase everything. The money which was given by the abuser to his or her partner generally has to be accounted for and proof of purchase has to be shown to the abuser.

In many cases the abuser will put all the bills in their partner’s name and at the same time the abuser will not allow his or her partner to see the bank statements, bills or any other money transaction that may happen.

Many financial and economic abusers are not good with money and he or she will end up destroying the credit of their partners.

Some domestic abusers who are not good at money may force his or her partner to do illegal acts for money. There are also abusers who will use any money brought in for children through welfare, child support checks or monetary gifts on themselves.

The abuser who refuses to work will put the entire burden upon their partners to keep the household running. And the money which is brought in by the working victim is mishandled and used in wrong way. In many cases, if the household item or bills fall behind the abuser blame the victim.