A Simple Guide to Financial Safety

It's Your Right to Be Safe

You’ve worked hard for your money, and you have the right to decide how it’s used. Sometimes, people can try to take advantage of older Australians. This guide is here to help you understand what to look for and what to do if you’re ever worried. It is never your fault, and asking for help is a sign of strength.

What is Financial Abuse?

Financial abuse is just a formal way of saying someone is taking or using your money without your permission. It's not always a stranger; often, it's someone you know.

It can be things like:

• Someone taking money from your purse or bank account without asking.

• Someone using your credit or bank card to buy things without your permission for themselves.

• Someone pressuring you to give them money or change your Will.

• Someone making you sign papers you don’t understand.

It can feel confusing and upsetting, but it is never your fault.

Warning Signs to Watch For

Here are some things that should make you stop and think.

• Do you feel pressured to give money to someone, even if you don't want to?

• Are your bank statements suddenly going missing?

• Is money disappearing from your account that you can't explain?

• Are bills not being paid, even though you gave someone the money for them?

• Has someone new become very friendly very quickly and started asking for money?

If you answered yes to any of these, it’s a sign that you should talk to someone.

What to Do if You're Worried

If you feel that something isn't right with your money, the most important thing to do is tell someone. Secrecy helps the person doing the wrong thing.

Here are some safe steps you can take:

1. Talk to someone else you trust. This could be a different family member, a good friend, your doctor, or a neighbour.

2. Call the Elder Abuse Helpline. This is a free and private service where you can talk to someone about your worries. In Australia, you can call 1800 ELDERHelp (1800 353 374).

3. Speak to your bank. Banks have special staff who are trained to help with these situations. They can review your accounts with you and help protect your money.

Remember, you have the right to be safe and respected. Don't be afraid to speak up.

Disclaimer: This guide provides general information only and is not a substitute for professional advice. The information is provided "as is," without any guarantee of its accuracy or completeness.

Any action you take based on the contents of this guide is at your own risk. We are not liable for any loss or damage resulting from its use. Please consult a qualified professional to address your individual circumstances.