Financial Slavery refers to a number of different activities and dynamics which all revolve around a Dominant’s control, management, and use of their submissive’s funds. Because of this large variability in the possible structure of these relationships, this could take the form of anything from the very simple (having the submissive purchase goods for the Dominant as a sign of subservience) to the seemingly extreme (handing over complete control of financial matters to the Dominant).
As can be imagined, some of these different dynamics can be seen in stereotyped non-kinky relationships. However, in these situations, the financial control isn’t done with any thought being given to the enjoyment of the parties involved; Rather, it is usually done out of some sexist assumption, socialized gender role, or one partner’s inability to care about financial realities. Meanwhile, in the kinky lifestyle, some of these same dynamics can come into play without the invocation of financial slavery. This is because, unless one finds the active and explicit control of their funds (or those of another) arousing, this is not a fetish, but instead merely a financial reality.
As with everything that we do in BDSM, as well as in life in general, there are risks involved with this dynamic. For the most part, however, the risks are relatively minor until the dynamic moves to the more extreme levels of financial servitude. Before that point, the main thing to watch out for is overspending and general carelessness with the financial situation of the submissive party. Should this happen, all hell could break loose, obviously.
At the more extreme levels of financial domination, other, more serious risks can arise, including the damage to one’s credit rating and gaps in employment history. For the first of these, the cause could be something like the carelessness that I mentioned above, but it could also be from chronic under use of credit services. For example, should a slave be forced to live on an allowance for an extended period of time, the slave’s credit cards could go completely unused. Over time this can damage the slave’s credit score and make it harder for them to use credit, should they need to in the future.
In a similar vein to the risk around credit score problems, employment history problems could have a long-term impact on a submissive’s life. In some situations, Dominants who take financial control of their submissive’s life may choose to use their power to make the slave a stay at home submissive. This shift, while sometimes useful or impossible depending on the context pulls the submissive completely out of the workforce, sometimes for a very long time. While this can work out very well for a relationship, this could also end badly should the submissive ever need tor return to the workforce. This is because, while they submissive may have been super busy tending to the family, the home, and the whims of the Dominant, the submissive now has no recent references or employment history to rely on when looking for a job.
To me, financial slavery is one of those fetishes that is deep in the wilderness of the “Power Exchange” forest. It is not something that is usually considered to be one’s first steps in the lifestyle or even into control play. Instead, it is usually the more experienced traveler of BDSM who makes it to this remote, and rather extreme, fetish. Because of this, having to say that consent is mandatory seems a bit condescending. However, should it stop one abusive asshole, it will be completely worth it.
So, above and beyond anything else, having both parties willingly and without pressure agree to this sort of dynamic is a must. Without that free, clear, and changeable consent, this isn’t BDSM, this is abuse. Again, while that may seem really strongly worded given the target audience, I feel that it is needed, especially since so many abusive people use the control of money to control their victims and to stop them from leaving a dangerous, or possibly deadly, situation.
Now that I have that out of the way, I feel that it is important to mention that financial domination involves the exchange of a large amount of control, and for a dynamic such as that to be successful, a great deal of mutual trust is needed. To gain and maintain the level of trust needed for this type of fetish, open and honest communication is a must. Much like consent before it, I can’t stress enough the importance of communication, especially around the most difficult topics and the most challenging times. Without this communication, a dynamic that exchanges as much power as this is, at best, doomed and, at worst, dangerous.
As is the case with most fetishes, the enjoyment is really in the eye of the beholder. If control and power exchange are not activities that you would rate highly, it is not likely that you will enjoy financial slavery at all. However, should you enjoy the ideas of power exchange or its realities, there is a good chance that you could find financial domination interesting, erotic, and arousing.
Beyond that, however, the only tip that I have for you is a vague one: Make the dynamic your own. Your dynamic, much like your personality, is something that is unique to you. After all, what this dynamic looks like for someone in the role of the bratty submissive seeking attention or discipline is going to be completely different from what this dynamic looks like for a strict Dominant. There is really no right or wrong way to engage in the lifestyle, nor is there a right or wrong way to engage in this fetish.
And with that, I will leave you and yours to your kinky business~