If the financial infidelity case turns into abuse, it is a very serious matter, says Kol. So what is the difference between financial infidelity and financial abuse? While financial infidelity can be an isolated incident, abuse is usually part of a broader pattern of dismissing a partner’s needs and financial agency.
Here are a few warning signs of financial abuse:
– When one partner uses money to control the other partner
– When one partner hoards all the money and is the sole decision maker
– When one person in the relationship hinders the other’s efforts to work or make more money
If this looks like your situation, Kol recommends the following:
– Save what you can and separate yourself from your partner as much as possible.
– Take all resources from joint accounts.
– Go to another physical room.
– Find professional assistance and go from there.
In the event of financial abuse, these organizations can offer support and assistance:
– The national hotline for domestic violence
– RAIN
– love is respect
– National network to end domestic violence
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