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Overlooked and difficult to recognize: Financial abuse in relationships
The warning signs of financial abuse and how to protect yourself. Courtesy of mikhail nilov When you think of domestic abuse, it is most likely that you think of physical or verbal harm to a person in a committed relationship. However, this is not always how abuse looks. One of the most commonly overlooked and rarely discussed forms of abuse is financial abuse. Financial abuse is when a victim’s financial health is put in harm’s way or destroyed by someone taking control of their ability to access or use their own financial resources. According to Forbes Advisor, “a study of 103 women who had suffered domestic violence found that 99…
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The rise of female financial literacy influencers
Five female financial advisors educating women via the internet Personal finance is an important topic not just for emerging female professionals but for all women. Financial illiteracy can lead to poor financial choices which can negatively impact one’s well-being. Consequences can include the over-accumulation of debt and high interest rates, resulting in bad credit or bankruptcy. A lack of financial savvy can even make people more vulnerable to financial fraud or scams. While understanding the language of finance is important, it can often be a dull learning experience bogged down by confusing and foreign terms. This tends to leave individuals feeling discouraged, preventing them from becoming financially literate. The lack…
