A Divorce Coach In Auckland Gives Tips On Financial Infidelity

Financial abuse can occur gradually, particularly when a woman takes time away from work to raise children and her partner slowly assumes control of all finances. Despite having access to funds through credit or debit cards, women may find themselves without financial resources if the relationship ends. A divorce coach in Auckland explains.

Control Of The Finances

Financial control, including the manipulation of income to force a less favorable settlement, is a common tactic used by some individuals in relationships, particularly at the end of the relationship.

It’s important to be aware of your financial assets, such as share portfolios and crypto currency. Additionally, it’s important to clarify whether your vehicles are owned or leased to avoid any confusion in the event of a breakup. This can prevent any disruption to essential activities like transportation for children or shopping.

Understand Your Finances

It’s beneficial to understand your family finances, even if you aren’t considering divorce. Do you have access to bank accounts and passwords? Are you aware of loan commitments and credit card balances? Do you fully understand your mortgages and other loans? Does your partner have superannuation in New Zealand or overseas?

It is important for partners in a relationship discuss their finances openly and honestly. If one partner is avoiding or dismissing the conversation, it could be a sign of underlying issues.

Financial infidelity commonly involves concealing problematic behaviors such as addiction, infidelity, or excessive spending. If you have lost track of your finances, it is important to have an honest conversation and gain a clear understanding of your family’s financial situation. Ensure that you have access to all accounts and establish an emergency fund for unexpected circumstances.

Abuse Through Finances

Financial abuse is a common occurrence in cases of domestic violence, serving as a tool for exerting power and control. It has been observed that even women in high-ranking positions with considerable salaries may be denied access to their own money. In such cases, they are often compelled to hand over their entire salary and bonuses to their partner, without any knowledge of how the money is being used.

Some individuals are faced with the challenge of justifying the purchase of basic items like coffee or clothing for their children, often with limited funds allocated for personal expenses and required accountability for all expenses made.

It’s An Isolation Trick

Financial abuse is a subtle form of mistreatment that can leave a woman feeling isolated. At first, she may agree to deposit all the money into her partner’s account, but she may soon find herself locked out due to password changes and other tactics.

If considering leaving a situation with no access to finances, seeking expert guidance and creating a plan with a support group can help minimize control.

For anyone who is thinking of leaving a situation with limited financial resources may find it helpful to seek professional advice and work with a support group to develop a plan and decrease the level of dependency.

Abuse Comes In Many Forms

Victims of abuse may experience a loss of financial freedom, which can contribute to feelings of entrapment and hopelessness. However, there are resources available to help individuals navigate and escape from unhealthy relationships.

Leaving a relationship can be a daunting and stressful experience for clients. Seeking expert advice early on can help you understand your options and identify sources of support.

Staying in a financially abusive situation will likely worsen over time. It’s important to take control of the difficult situation rather than continue living under abusive control.

If you are in a situation like this, you can get some independent advice from a divorce coach in Auckland like Adrianne McLean.