Financial education was once seen as the “icing on the cake” when and if there was funding to provide the services. Today, financial education is known to be the core service needed to help domestic violence victims move forward from abuse. However, funding is often scarce for this vital need. Below are true stories for supportive evidence that financial education and services are critical for domestic violence victims to become survivors.
“Debbie was so pleased that she was provided the tools from the YWCA Economic Solutions (YES) programs to help keep her budget planning a reality. Debbie had said that people often provide the education but neglect to provide the tools so that she can follow through. When people have access to financial tools they are more willing to take action and fulfill their financial goals. Having the tools eliminates a barrier to follow through and increases confidence and initiative to pursue the expected outcome.
“Jessica” completed an Action Plan through the YWCA Economic Solutions (YES) programs. She said that without the tangible plan in front of her to read daily she wouldn’t have taken the initiative to follow through and obtain her goals. She was able to purchase a condo (done), buy a better running car (done) and get a higher paying job (done). She says she will write a new action plan because she feels so accomplished and empowered to not only remain free from abuse but to also be independent and financially stable.
“Lisa” received credit counselling from the YWCA Economic Solutions (YES) program and was able to save money, move into an apartment away from her abuser, increase her income, manage her student loans, and ultimately purchase her own home.
Financial literacy, education and tools are a core need for victims of domestic violence to leave their abuser and remain free from dependence on them. Imagine being dependent on someone else for your well-being, not because you can’t work but because your partner harasses you at work and gets you fired. Perhaps you work, but your partner takes your money and gives you an allowance which isn’t even enough to get your essential needs or to fill the cupboards. You feel shame and embarrassed to ask for more because your partner makes you feel like you don’t know how to manage money. By donating right now, you will help women get the financial services they need to feel confident that they too can live a financially sustainable life independent from their abuser.