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Dear Penny: How Can I Hide Money From My Financially Abusive Mom?
Real Answers for Life's Money Challenges
Help! I am currently living with my financially abusive mother, because I can’t afford a place of my own. I want to stash my cash somewhere she can’t access it, but I don’t know where that would be. Can you help?
— Daughter in Limbo
Dear Daughter,
I’m sorry for the situation you’re in, but hopeful because you recognize your mother’s treatment as financial abuse and want to take steps to protect yourself. Your mindset puts you in a good starting position.
There are a few ways you can disentangle your finances and begin to build financial independence from your mother.
Dana Miranda is a Certified Educator in Personal Finance®, author, speaker and personal finance journalist. She writes Healthy Rich, a newsletter about how capitalism impacts the ways we think, teach and talk about money.
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