What can you do if your partner is controlling over money or abusive?
If you’re the victim of financial abuse, what are your rights and what can you do?
Is your husband, wife, partner or civil partner controlling about money? Does he or she try and stop you from spending your money or refuse to pay bills? Does he or she take money out of your joint account without asking? If you’ve answered ‘yes’ to any of these, you may be the victim of financial abuse. A new survey by Citizens Advice shows that 90% of its advisers have helped people who’ve experienced financial abuse.
When money is tight it’s easy to argue with your partner over the finances. But talking isn’t impossible.
Do you and your partner find it hard to talk about your finances? If so, try these tips.
Many couples manage their money without endless arguments but for some, talking about money without it turning into a row is almost impossible. Even if you and your partner don’t argue you may find it hard to talk about money (one study carried out a few years ago found that as many as 75% of couples said money was hard to talk about). And while disagreements don’t have to lead to breakup or divorce, the relationship counselling service Relate says that rows about money are a major factor in many divorces.
A new study shows a generation of savvy women are taking control of the family finances.
Women under 45 are making most of the financial decisions in a household; for both short and long-term finances.
So, more women are taking control of the finances and in an increasing number of households, especially where couples are aged under 45, more women than men are making the financial decisions. Interestingly, women are making the long term as well as short term financial decisions. It challenges the conventional view of financial companies that women often make the short term decisions but men make the long term ones (such as those relating to pensions and investments).