It’s super sad and depressing to think that still to this day, women are being held hostage by money. Not because they are greedy, but because they simply didn’t take control of their finances when entering a relationship.
I cannot stress this enough: financial education is JUST as important as any other type of education. Don’t let anyone control you because they control your money.
“Financial abuse, whether you’re talking about ruining her credit, getting her fired or hiding the money, is just as effective in controlling an abused victim as a lock and key,” said Kim Gandy, president of the National Network to End Domestic Violence. “If your credit has been ruined, you can’t get an apartment. If you’ve been fired twice because your abuser harasses you at work, you can’t get a job. Women are literally being forced, because of financial dependency, back into abusive relationships.”
Many women who are in abusive relationships name finances as the number one reasons they can’t leave. Start early and start young. Know how to work your money, how to save, how to build credit, and don’t let anyone else run those things for you.
[T]he Rutgers University School of Social Work released the results of a 14-month study that evaluated the most commonly used financial education program for domestic violence survivors in the U.S., called the Moving Ahead through Financial Management Curriculum.
The study found women who received the financial curriculum significantly improved financial literacy, attitudes, intentions and behaviors, and reported less financial strain than the women who did not receive the training. On every single financial variable, the women who received the training did significantly better over time than the women who did not.
Love NEVER looks like someone telling you when and where you can spend your money. Love NEVER looks like someone destroying your credit so that you can’t get a job or a place to live. Love is NEVER any of these things.