Category: Your finances

Financial Abuse

Financial abuse is often misunderstood but can have a serious impact on mental health. It is an aspect of domestic violence and is controlling and coercive behaviour which can leave victims, usually women, with no money for basic essentials such as food and clothing. It can leave them without access to their own bank accounts and with debts built up by abusive partners set against their names.

In 2014 Women’s Aid undertook research into financial abuse and of the 126 respondents 77% said their mental health had been affected and 61% were in debt as a result of the abuse.

“Depression and stress were the main effects and they don't go away. It's from everything to do with money and all the problems. My brain's frazzled and I can't stop worrying ”

“I am in a never ending divorce settlement started by domestic violence to me. I still don’t know if my house is safe ”

The Money Advice Service

Protecting Against Financial Abuse

Financial Stress

When people are struggling with debt, feeling low or anxious is a normal response. Money is more than cash, it provides feelings of security, power, independence and freedom. The threat of ongoing debt or insufficient income can result in feelings of loss of control, anxiety and other mental and emotional distress including depression

In the UK there is a free debt advice and planning service. There is other support available for people in the entertainment industry who are struggling with financial problems. Also, trade unions will help their members if they are owed money for work.

“I have been through a lot for the past year, mostly financially and this damaged my emotional and mental health temporarily.”

“I was out of pocket and they were late in paying me which was the last straw; I didn't know if they would and with the financial pressure I was under I had a breakdown.”

Step Change

Free Debt Advice

Entertainment Industry Charities

The Complete List of Charities that Support Performers and Creative Practitioners

Money Advice Service

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FEU Training

For A Few Dollars More - blogpost about increasing your rates

FEU Training

Diversifying Your Portfolio

UK Government

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