Financial Abuse: The Hidden Crisis in Relationships
So, Lee Again, just to clarify for listeners, when does it become abuse? No, this is something bigger, deeper, more severe, and this is maybe where it differs from a business, because the emotions run much higher in intimate romantic relationships, marriages, I think it begins when somebody feels scared, nervous, untrusting that their partner is doing something on their behalf to look out for the well-being and the interests of the family.
Imagine feeling trapped, not by physical barriers, but by financial constraints imposed by someone you trust. Dr. David Hawkins, a licensed clinical psychologist, dives into the unsettling topic of financial abuse in relationships in this episode of Mad.In.Love. Financial abuse might not be as visible as physical or emotional abuse, but its impact can be just as devastating.
It often lurks behind closed doors, with one partner controlling all the money, cutting off access to bank accounts and credit cards, and leaving the other feeling scared and powerless. Joined by Lee Kaufman, a seasoned life and relationship coach with a background in finance and law, Dr. Hawkins sheds light on how financial abuse often stems from deep-seated fears and past traumas. They discuss the emotional toll it takes, leading to feelings of shame, guilt, and low self-worth.
But there is hope. Dr. Hawkins and Kaufman share practical advice on recognizing the signs of financial abuse, setting boundaries, and building financial literacy. They emphasize the importance of seeking help and support to break free from the cycle of abuse. If you or someone you know is grappling with financial control in a relationship, this episode offers invaluable insights and tools for healing and recovery.