The Plutus Awards team highlights the best in financial media every week in the Plutus Awards Showcase. To submit an item you’ve written, created, or found for next week’s feature, follow us on Twitter.
Financial abuse is one of the top reasons domestic violence victims can’t leave abusive relationships. It is also a very serious matter that isn’t widely discussed enough in the personal finance community. Most of the victims are female, and most of the women suffering at the hands of a financially abusive partner are often experiencing other forms of abuse.
In today’s Plutus Awards Showcase I have pulled some of the most impactful and resourceful articles and podcasts across the community from personal finance writers who either have first hand experience with financial abuse or are helping to share a victim’s story. Plutus Foundation also has a story Jana Lunch shared with us last year you can read here.
If you find yourself dealing with financial abuse, start collecting your financial documents and bank statements. Change your passwords. Find a way to keep a record and collect every single piece of evidence you can find. There is hope, there is a way out, and there are so many foundations out there standing by to help you.
If you or someone you know is being abused, financially or otherwise, Allstate’s Foundation Purple Purse is a great place to start. We’re also here to help and you can always reach out to us for assistance.
This week we’ve had a great number of Instagram Takeovers from some of our favorite wealth builders and organizational experts. In addition to that we hosted two Live events this week with Kathleen Celmins and Wendy Mays.
” I have decided to open up to my readers and essentially the world and touch on my history with domestic violence and economic abuse. I am sharing my story because of the silence that exists about this matter in our community. Women are suffering and surviving in silence, ashamed of their past.” – My Fab Finance
Get a Weekly Email With Curated Content
“Abuse comes in many different forms. In fact, in a lot of cases, abuse is intimately tied with money. Financial abuse is more common than you may think — in fact, according to the National Network to End Domestic Violence, it occurs in 99% of domestic violence cases. ” – The Financial Diet
“According to the Canadian Bankers Association, “Financial abuse occurs when someone tries to take or control what belongs to you for their own benefit, not yours.”” – Jessica Moorhouse
“Many of us know how difficult it can be talking to your partner about money. After all, money can cause tension and frustration in your relationship. So, imagine if your partner wanted to take the load off and manage your finances.” – CentSai – Melanie Lockert
“I heard a disturbing fact while watching the news this morning: divorce rates are anticipated to be higher than usual after coronavirus. ” – Eat, Drink, and Save Money