Financial abuse is too often the primary barrier for victims of domestic violence to flee the abusive situation. Financial abuse is a form of abuse that communicates power and control over access to economic resources. Denying access to economic resources impacts the victim’s capacity to support themselves and forces them to depend on the abuser/perpetrator financially. Financial abuse and economic abuse are often used interchangeably to communicate the above and encompasses the illegal or unauthorized use of a person’s property, money, and/or other forms. For example, changing the person’s will to name the abuser as heir, often fraudulently obtaining power of attorney, followed by deprivation of money or assets. Financial abuse is not only prevalent in domestic violence situations but is also seen in elder abuse situations. Control of someone’s present or future earning potential by preventing them access to employment or education is considered financial abuse.
In response to the prevalence of financial abuse within domestic violence and elder abuse situations, SAFE in Hunterdon offers the Financial Empowerment Program which consists of the following program benefits:
A credit-building, micro-lending initiative from the National Network to End Domestic Violence (NNEDV) to assist survivors in improving their credit score.
The clients will develop and/or review their budget, be referred to resources to limit expenses, identify short-term and long-term goals and, if needed, credit counseling.
Lynda, LinkedIn Learning:
Clients can choose from more than 5,000 video tutorials covering business, creative and technology topics and explore the most in-demand skills.
There are several ways that clients can access the financial empowerment program. The clients will have the option of meeting individually in person, via telephone or online. Appointments can be scheduled online through http://www.njcedv.org/money or by phone at (908)788-7666. Services are free and confidential.
If you are interested in learning more about financial empowerment, you can explore the following: