Financial abuse is prevalent in 99% of domestic violence cases, the National Network to End Domestic Violence reports. It involves using money to control or manipulate a partner by limiting access to finances, spending, and independence. One caller shared how financial abuse led to physical abuse and arrest.

Jackie from Ohio revealed her husband’s verbal, emotional, and financial abuse escalating to physical abuse. He threatened to cut her off financially, leaving her with nothing. She sought advice on protecting herself financially, as her husband controlled all their accounts and finances.

Jackie’s situation highlights the impact of financial abuse, where a spouse exploits their partner’s financial ignorance for control. The hosts advised her to create a new checking account, transfer funds, and seek support from friends and family. Divorce was suggested as the only viable option for Jackie’s safety.

Experts emphasize the devastating impact of financial abuse, which leaves victims powerless and vulnerable. Women are often forced to choose between homelessness and abuse due to financial control. Anyone can be a victim, regardless of social or economic status, making financial independence crucial for all individuals.

Recognizing the signs of financial abuse, experts stress the importance of taking control of your finances and seeking help if needed. In situations of abuse, it may be necessary to separate finances and ensure financial security. Protecting your information and assets is essential in preventing further abuse or manipulation. Some abusers install spyware on their partner’s devices for control. Ensure your devices are free of suspicious programs. If you believe you are a victim of financial abuse, seek help immediately from the National Domestic Violence Hotline at 1.800.799.SAFE (7233). Be aware of credible sources when seeking information on domestic violence and financial abuse. This article is for information purposes only and should not be considered as advice.

Read more at Yahoo Finance: Ohio woman said husband may remove her from accounts, leave her with ‘zero.’ Ramsey Show told her to go to her bank ASAP