In this day and age, women are already considered equal to men in almost all aspects. Women are now exercising their rights to vote, to get a degree and to earn money for themselves. Fact is that a considerable percentage of the working population is composed of women, in which some are leaders in their respective fields of specialization. Despite this achievement, there are some issues underneath that oppose women’s success, one of which is economic or financial abuse.
In a separate view, economic abuse happens when women (some instances, also the men) are made to compromise with the situations they are into despite their capability to earn money. This type of manipulation and repression is not discussed because of shame and the thought that problems involving money are very sensitive. But how can one identify that such abuse is endured?
“There are many types of toxic relationships such as a controlling or manipulative, negative, self-centered or narcissistic, dishonest, insecure, abusive, blaming or demanding and competitive, and secretive, and dramatic.” – Catherine Jackson, a licensed clinical psychologist and neurotherapist
Below are some clear signs:
No Choice Career-Wise
Women have no choice but to forget the career they wanted and compromise with the one that is available and convenient for the partner or spouse. Some may have full-time jobs, but in the end, they are forced to resign since their spouse or partner is not in favor of it.
Every Penny Tracked
In this situation, every cent handled by the woman is computed and tracked. If something went off with the accounting, emotional or physical abuse would follow.
Women experiencing economic abuse don’t have their own personal bank balances, debit cards, credit cards or any other form of financial account. The woman here is left entirely dependent on her partner who has the sole control of the household finances.
Darlene Lancer, JD, LMFT said, “Power exists in all relationships. Having power means to have a sense of control, to have choices and the ability to influence our environment and others.” When a man threatens a woman to leave her and cut off his financial obligations with her, it is a sign of economic abuse. This form of intimidation pushes a woman to be vulnerable and to be in total control by the man.
The Lazy Bum and The Slave Worker
The woman, in this situation, is the one who is working and is the breadwinner of the family, but she has no control over her salary since the man is doing it for her. She is striving to provide for the family, and the man spends the money she earns. The woman is also forced to work overtime and even take more jobs to cover their needs, pay their bills and of course, her partner’s luxury.
The woman or wife is always pregnant. Child-bearing and rearing will keep her from work, and compel her to become entirely dependent on her partner or husband.
How to Overcome This Situation
Leave Him. If things are unbearable and abusive, you must leave him. Plan it out carefully. Relationships like this are not worth keeping. As Jason B. Whiting, Ph.D., LMFT explains, “For many women, the safest choice is to just leave. As the brave women in our study shared, by finding courage and seeking out support from loved ones, victims of intimate partner violence can break free of abuse and build a life of dignity and safety.”
Reach out. Get help from your family, friends, and people close to you. Tell them what is happening so that you have support for when you decide to leave your partner or husband.
Secure Your Education. To start with your new life, take a new venture. Enroll in an online school or finish the degree of your choice through a college or university.
Save Up. Save money whenever you get the chance. Once you’ve ascertained that your cash on hand is enough, you can make your exit.
Get A Job. Find a decent-paying job that you like to do. Keep it low key, though. As they say, let your success be the noise.
Establish Credit. Apply for a credit account and have it safeguarded in loved ones or a friend’s house.
Research. Research how you can get help from the government with your situation. You will need their assistance until such time you are finally able to stand on your feet again.