Learn the signs of financial abuse relationships

Money Making Sense

Learn the signs of financial abuse relationships

Clean

Published on Dec 11, 2024, 1:00:10 AM
Total time: 00:25:28

Episode Description

The CDC says domestic violence is the number 1 public health issue in America.  Research confirms 1 in 4 women and 1 in 7 men are victims of abuse in their relationships.  Kim Scouller, author of How Money Works for Women, says one of the first things an abusive partner does is take control of the finances so their spouse feels like they can't leave. Start by stashing away cash -- even very small amounts will help.

National Domestic Violence Hotline 1-800-799-7233
Domestic Shelters -- find a shelter near you

Kim says communication is key and both partners need to step up and take responsibility for the finances in the relationship.  It can be equally dividing up who pays which bills or have a joint account where only a part of each person's income goes into the same account and pay everything from there.

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More about Money Making Sense

The goal of Money Making Sense is to help you find more financial peace. Host Heather Kelly and guest experts focus on reviewing paychecks and analyzing family decisions. They also talk about vacationing on a budget, retirement savings on a limited income, reducing household expenses, the financial impact of owning pets and how money affects relationships. Money Making Sense will give you practical ideas on how to improve your bottom line. Money Making Sense is a 2017, 2018, 2020 and 2021 People's Choice Podcast Award Finalist.