PERSONAL FINANCE TIPS – Financial or money abuse is a common type of abuse in relationships, yet it’s sometimes unrecognized. Here’s how to spot money abuse in a relationship, including tips on how to take control of your finances
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You did a GREAT job on this video. Very very impressive.
Awesome video as always!💯🎯👌
This is definitely a form of abuse that gets over looked thank you for sharing!
As a social worker I see this daily 😪
Good for you to approach this subject. Very informative.
Thank you so much for speaking about this important topic! 👏🏻👏🏻👏🏻
I was with my ex for four years when we had our daughter. He tried to convince me right away to quit my job and rely on him so that I could be home with the baby and any future children.
My hesitation to abandon a job I loved and had very good seniority at irritated him to the point where he showed other signs of abuse. I snapped out of postpartum brain fog took my baby and never looked back. Almost nine years later, I’m a single mom and not doing the best financially but I’m free to do and invest in whatever I please while building a nest egg for the both of us.
I left a toxic relationship 3 years ago & didn't realize how much he was using me & my money. Since I left I've been able to pay off my car & 2 of 4 credit cards off. Still working on "Baby Step #2" 💵💗 Winning 🎉
In the series “Maid” financial abuse was actually portrayed very realistically. It is a good example for women to watch.
This is great advice. Please give more.
well done!
Thank you for this because I’m sick of folks saying if a person is being abused why don’t they just leave. Folks forget that if someone is being abused they are being controlled in multiple ways. Financial abuse prevents many especially women from leaving an abusive relationship.
So many people don’t discuss the financial aspects of domestic violence, I got into a very bad financial situation due to an abusive ex. Money wasn’t kept from me but if I didn’t give him money when he wanted it (even when I didn’t have it) he would get angry and it would become dangerous. I got into a ton of credit card debt to keep him placated. Another aspect that’s often overlooked was AFTER I left….after being so frightened and controlled I went into what I refer to as a “freedom spree” where I spent very irresponsibly because I was “allowed to” and dug my financial hole even deeper.
Fantastic video! I was watching extreme cheapskates over the weekend and I was horrified with the man whose wife is working but has to ask for a daily allowance from him. It seemed really off and this hit the nail on the head. Thank you for bringing awareness to this! It's definitely not talked about enough.
Thank you! These words encourage us women to be bold!👏👏👏
When I got pregnant with my son, the baby’s daddy proposed a plan; he asked me to give him all my paychecks to him so he could “take care of all the bills.” He then would get me a 1k credit card limit which is under his name which he could cancel anytime …also his bank account have nothing to do with me. He doesn’t even want to get marry neither. Basically he was trying to put me in a position to control me etc. I said hell to the NO and walk away while 6 months pregnant. He thought I was trap since I became an unwed mother and I can’t leave him and have to agree to all his ridiculous pathetic demands. Nope. I did have to pay a price because of my culture background and facing my mom was very hard but I got me & my son out of an abusive relationship 👍
Like my father’s caretaker who he has given land to and he is building a house for her, paying her rent, paying for her groceries, her children’s school costs….And the list goes on……
So glad you made this video! There are so many people going through this and are unaware. I hope this reaches someone who needs this information.
Thanks for shining a light on this topic. I experienced this form of DV along with other forms. The thing that helped me see what was ultimately going on in my life is when a therapist showed me a picture of “The Wheel of Power and Control.” It was eye opening and life changing.
There's not such a thing as financial abuse, because if someone take your ability to do something or leave a situation that's a crime
So very happy to see this!
I am a DV activist and sometimes advocate. I talk about this a lot especially right now on some of my platforms about my personal experience with financial abuse.
It is so important for people to understand what it is and what it isn't which I feel you covered magnificently.
Thank you, and your work is most appreciated 🖤🧡
Thank you 😊 for addressing this topic 👏🏻
It is important to remember that you can also suffer from financial abuse while being the actual breadwinner in charge of the finances, the other person may manipulate you to center all of your decisions around them and lose your independence to decide what to do with your money and with your life
I feel that people should have common sense to not be dependent on another person! It’s never a good idea to not have your own means of income; if you are an able body person. It’s to many ways to have streams of income. Poor relationship choices/decisions are the cornerstone of people financial failures!
This also happens between parent – child
Thank you so much for talking about this. I work at a domestic violence shelter and we see a lot of our clients have this happen and they did not even know it was a thing. Hopefully the more awareness there is the more we can help people see the signs.
Wow this is more common that anyone wants to believe. I knew a woman that had to bring her paystub to her husband and every penny had to be trackable. One time she had to stop @ Walmart for feminine hygiene products on the way home from work. He wouldn't speak to her for 3 days.
I’m about a month late on this but I honestly believe that people with money are more so on the receiving end of financial abuse than anyone else. Male or female.
Someone very close to me recently escaped this. The ex even stole money from an account after the breakup, because passwords weren't changed fast enough. Please don't use the same password for multiple things and don't store your passwords on devices that anyone else can access. Password/account security is vital even if you can trust your partner completely.
This happens to so many women. Great topic and good for you for bringing it to our attention.
Man what about the women that will try to drain your resources by spending recklessly and putting their personal needs before their priorities??
You did a beautiful job. Thank you so much for covering this. I love your channel! I know it may take more research, but when you get a chance, it may also be beneficial to cover the other side of financial abuse. This would be the kind witnessed in the Tinder Swindler, Love Fraud, and in quite a few Nollywood films. The most disheartening thing is from the outside looking in people assume women just start pouring their money into these guys when in actuality the guys may use another woman's money to spoil her in the beginning unbeknownst to her, so that she is more willing to give back to him when the other women cuts him off, or he 'appears' to be down on his luck. Depending on the financial supply, the person can cover their story for years. Please forgive me for using guys in the role of the predator. There are many women who do this too. These people go from person to person and even state to state (country to country if they are good and have international connections) sometimes draining bank accounts and ruining credit and most of the time the person is left to repair their self-esteem, credit, savings, and life all at once. Though their are no real laws to regulate this kind of abuse or to help some rebuild, I can truly say I was blessed because even though one company did not work with me – two companies did. They refunded me money and billed my ex for what they refunded and I've been blessed to be back on track. I vowed not to let my experience be in vain. I pray what I shared was and will be helpful. Blessings to you.
Good Video thumbs up, One question, What do you call it when the one partner does not see the point of working to earn their own money but instead wants to solely depend on you despite the fact that you complain to them that you need help financially, you cant do it all by your self without their help? is that still financial abuse?
Thank you ❤️
Wow i never knew this was a thing
Financial abuse is insidious. For me it creeped up slowly. We agreed that I would stay at home and from there I lost access to account with the money in it. The taxes and had to ask for every penny.
Now I’m deeply in debt my husband blew through $109,000 in ten months and served me with divorce papers.
Yes you’re correct
As fewer people are unable to afford daycare, more families will have one parent not working for an extended period of time. With that in mind, I think there is a huge potential for financial abuse to increase in our society. It’s so hard to prove this pattern of behavior in a relationship especially when other forms of coercive control are in play.