MY MONEY

The financial abuse red flags you may have missed

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We regularly hear about manipulation in relationships.

Gaslighting, a tactic that pushes victims to question their reality, seems to be trending everywhere as one of the most callous forms.

Yet there is another kind that people need to aware of because it can happen to anyone - financial abuse.

This is when someone controls how and when you spend and acquire money.

financial abuse

It could also manifest itself in someone withholding money from you, preventing you from getting promotions or making investments, taking away access to internet banking or knowing about your financial affairs.

Keeping separate bank accounts is a good first step to protect yourself, as is talking to people about your financial circumstances.

Money shouldn't be taboo in any case but talking about it with others may reveal abuse blind spots.

Keep an eye out for your friends. Watch for late cancellations to social gatherings due to lack of money, or partners putting them on a strict budget.

More than two million Australians suffer from financial abuse at some stage.

Where to get help

1800 RESPECT - 1800 737 732

Free, confidential family violence and sexual assault counselling service 24 hours a day, 7 days a week

Family Relationship Advice Line - 1800 050 321

Information and advice on family relationship issues and parenting arrangements after separation 8am-8pm Mon to Fri, 10am-4pm Sat

Lifeline - 131 114

Provides crisis support services 24 hours a day, 7 days a week

National Debt Helpline - 1800 007 007

Free information and resources that can help if you're struggling with debt 9.30am to 4.30pm, Monday to Friday

Relationships Australia - 1300 364 277

Counselling services, mediation, and family dispute resolution services Cost of a local call from anywhere in Australia

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