Financial abuse is a tactic of abuse where an abuser uses finances to maintain power and control over their partner. Financial abuse often begins subtly and progresses over time.
Some signs of financial abuse include:
To learn even more about financial abuse, check out our previous blog post https://www.thedvshelter.com/financial-abuse/, review our previous Workshop about financial abuse or call our 24/7 Crisis Line at 1-800-931-7233.
Elements of Healthy Financial RelationshipNavigating finances can be a huge part of a relationship! The following are signs that you may have a healthy financial relationship with your partner.
BudgetingNo matter what your situation may be, budgeting is a great way to get the most out of your money! A budget is a tool that will help you make critical spending decisions each month or pay. Budgeting can help you work towards a goal, stay aware of your financial situation or ensure you have enough money for the things you need. Budgeting can also be crucial when preparing to leave a relationship where you’ve experienced financial abuse.
There are many budgeting tools available, but simply put a budget can be made by subtracting your expenses from your income. The total is your budget. Each paycheck or month, write down your income and expenses.
Income is the money you have coming in every month. It can be difficult to increase your income, but you could consider working extra hours, picking up an additional job or look into any programs that you may qualify for.
Expenses are your monthly bills. Think about every dollar you spend- rent, bills, food, gas, child care, etc. Some ways to reduce your expenses can include avoid going out to eat, limit treats, buy generic products or utilize community resources.
Community ResourcesIt is great to utilize community resources. Resources such as food banks can help reduce grocery expenses or utility assistance can help decrease bills. The following are Richland County resources:
Local Resources/ Food Pantries
Catholic Charities- 419-524-0733
Community Action -419-589-2520
Next Wednesday WorkshopOur next Wednesday Workshop will be on July 7. Be sure to catch us on The Domestic Violence Shelter of Richland County, OH Facebook