Financial abuse in marriage: Recognizing the red flags

On Behalf of | Jul 24, 2024 | Divorce

Marriage should be a partnership built on trust and mutual respect. However, some relationships can turn dark when one partner exerts financial control over the other. While this form of abuse often goes unnoticed, it can have devastating consequences.

Below are three warning signs of financial abuse in a marriage that you should be aware of.

Controlling access to finances

Does your spouse restrict your access to bank accounts, credit cards or cash? If the answer is yes, this is a major red flag.

In a healthy relationship, both partners should have equal access to financial resources. If you find yourself having to ask permission to make purchases or justify every expense, you might be experiencing financial abuse. Your partner should not dictate how you spend money, especially regarding necessities or your personal needs.

Forcing financial dependence

Abusers often try to create a situation where their partner is financially dependent on them. They might discourage you from working, sabotage your job prospects or insist you quit your career. Their goal is to make you rely on them completely for all your financial needs. This then gives them more control over your life. It is important to remember that you can pursue your career goals and maintain financial independence within your marriage.

Using money as a weapon

Does your spouse use money to manipulate or punish you? This can manifest in various ways, such as:

  • Withholding money as punishment
  • Using gifts as a form of control
  • Racking up debt in your name without your knowledge
  • Hiding assets or lying about financial situations

These behaviors are not just unfair; they are abusive. Your partner should not use money as a tool for manipulation or to exert power over you.

If you recognize any of these signs in your relationship, seeking help is crucial. Financial abuse is a grave issue that can escalate over time. If this is happening to you, you may want to reach out to trusted friends, family members or an experienced lawyer who can provide support and guidance.

You deserve financial freedom and equality. Moreover, whatever your situation, seeking experienced legal guidance can make the divorce process much easier.

At The Law Firm of Poppe & Associates, PLLC, our focus is relentless advocacy for our clients. If you or someone you know is considering divorce, reach out to schedule a consultation at 646-665-3903 or by contacting us online.

Let Me Be Your Brave

Mia Poppe, Esq.

Mia Poppe, Esq.
Managing Partner