Although every relationship is different, all couples benefit from talking openly about handling finances in their partnership. Some couples decide to combine their finances. Others choose to keep their money separate. Both are healthy ways to manage money in a relationship – if you and your partner agree. It’s one thing if you and your […]
financial abuse
What is Elder Fraud and How Do We Prevent It?
Elder fraud is a large and growing problem, costing many seniors the savings they worked hard for in their younger years. Reports indicate older Americans lose anywhere between $2.9 to $36.5 billion each year. According to the U.S. Consumer Financial Protection Bureau, individual victims of elder financial fraud lose an average of $34,200. In 7% […]
How to Get Out of a Financially Abusive Relationship
My client knew that it was time to end her marriage, and she was terrified. She had no idea how much money they had, and more importantly – no access to it. She had a debit card, but it was always low on funds. More than once, she had to call her spouse from the […]
Financial Abuse: How do you identify it and who can help? [Resources and Hotlines]
Note: This post may contain triggers for those who have been in abusive relationships or been through sexual assault. What is Financial Abuse? Financial abuse is when the person ‘in power’ – the abuser – controls their victim’s access to money, including: Controlling their spending Stealing their money, credit, property, or identity Denying them access […]
