Signs of Financial Abuse You Should Not Ignore

By Naisha Goel

Domestic violence is often associated with physical or emotional harm, but financial abuse is one of the most common and least recognized forms. It involves gaining power and control by limiting a partner’s access to money, employment, or financial information, often leaving the victim dependent and unable to leave the relationship.

Common Red Flags

Some signs of financial abuse include:

• Controlling all income or refusing to share information about finances

• Preventing a partner from working or interfering with employment

• Restricting access to bank accounts, credit cards, or cash

• Opening credit cards or loans in a partner’s name without consent

• Withholding paychecks or benefits, or deliberately damaging credit

Why It Matters

Financial abuse occurs in nearly all abusive relationships and can have long-lasting effects. Without financial independence, survivors face significant barriers to leaving or rebuilding. Financial stability is not only an economic issue but also a matter of safety and autonomy.

Taking Back Control

Recognizing the signs is the first step toward recovery. Survivors can begin to regain control by keeping copies of important documents, discreetly saving money, and connecting with organizations that offer financial empowerment services.

Everyone deserves financial security and freedom from control. By raising awareness of financial abuse during Domestic Violence Awareness Month, we can help individuals reclaim their independence and restore their sense of safety.