7 Signs You're Dealing with a Financial Bully

Seven Signs You’re Dealing with a Financial Bully

We hear a lot about bullying these days, but do you know about financial bullying?

Ten percent of people with spouses or partners say they feel bullied. Men and women say so equally, according to a survey by Harris Interactive.

Financial bullying happens in long-term relationships where one partner is in complete or nearly complete control of the household money. In some scenarios, the controlling spouse or partner keeps the relationship going by threatening financial repercussions if the other leaves.

People don't always recognize financial bullying, and it can evolve and get worse over time. You might be the victim of financial abuse if your spouse or partner:

  1. Withholds money from you — even if it's your money.
  2. Blocks you from a bank account or credit card account.
  3. Makes you explain even minimal purchases, and demands to see receipts.
  4. Threatens to leave the relationship, knowing that it could cause you financial stress.
  5. Makes you feel guilty about your money habits.
  6. Puts you on an allowance and bans you from using a credit card.
  7. Doesn't let you go shopping by yourself.

You don't have to put up with this kind of behavior. If some of the items on the list sound familiar to you, seek help with a domestic violence hotline or talk to a counselor.

The number for the National Domestic Violence Hotline is 800-799-SAFE (7233) or 800-787-3224. If you feel bullied, financially or otherwise, call.