It often starts innocently enough, your partner asks to see a receipt for your recent clothes shop, or apologise that he or she opened your bank or credit card statement by mistake. It is not always easy for the abused to recognise when financial abuse is taking place, in the early stages of a relationship it may appear to be part of the usual financial arrangements that couples agree between themselves, many new couples will open joint bank accounts. It is often easier to see the beginning of financial abuse with hindsight. But this can be the start of such habits that can then over time build into more controlling behaviours, which can leave you worried and fearful every time you open your wallet.
Financial abuse can involve your partner spending your jointly-earned money, start making you pay all the home running costs, and scrutinise every penny you spend. It can get worse to the point where your partner will steal your identity and make credit and loan applications in your name having access to your joint bank account and takes the money from the account leaving you to pay the debt. Partner intimidation and financial abuse is without doubt an awful situation to find oneself in, and can be magnified if children are present.