The pressures of finances can greatly affect our relationships - 99% of domestic violence cases and 40% of Black women experience domestic violence. So what are the signs of a financially toxic relationship and how can we avoid it?
#1: The first sign of financial abuse is someone being stripped of their own finances. It’s normal for couples to leave one partner to handle the finances. However, where trouble starts is when one partner blocks access to finances or leaves the other partner in the dark.
#2: Another red flag is if your significant other opens credit cards in your name without your permission. Your partner could rack up substantial debt in your name ruining your credit in the process.
#3: Those with jobs sometimes get harassed by their partner at their workplace in an attempt to make them quit their job. The goal is to make them financially dependent on the other person, taking advantage of them and their self-reliance away.
#4: If your partner reminds you of their financial dominance with words like “This is my house” or “This is my money” then they are working to belittle you in the relationship.
Just being aware of the impact finances can have on our relationships is powerful. When we notice these signs we can protect ourselves and each other.