Divorce could occur if you both view money differently

On Behalf of | Mar 30, 2023 | Divorce |

Financial issues often cause divorce. Many times, couples simply can’t resolve these issues themselves, or the financial stress on the marriage may be too great. This is often why something like job loss leads to divorce, for instance. It becomes harder for them to make ends meet, this strains their relationship, and the marriage ends.

But one thing to remember is that simply having different views on money can also create its own form of stress. This isn’t to say that your view is right and your spouse’s view is wrong, or vice versa. It is simply a problem when two people have conflicting views, and they can’t figure out a way to resolve them.

Spending versus saving

One common way that this happens is that two people have different views on spending or saving their money. One person prefers to save more and wants the stability and security that comes along with it. The other person prefers to spend, seeing their financial resources as the fruits of their labor and the way to create the life that they are seeking.

Of course, some couples do find a way to balance this. But it can be problematic if they can’t compromise because then they feel like they are often opposed to one another or working in opposite directions.

For instance, say that you are a saver and it’s crucial to you to plan for the future. You spend your life putting money aside and making good financial decisions. If your spouse is a spender, how is that going to impact your relationship? Are you going to feel like they are always trying to undermine your efforts? Over time, this can build up into significant stress that leads to a divorce.

Settling financial issues

If you do get divorced, then you still have to handle some of the issues surrounding your finances. You’ll need to divide up the property that you own. At a time like this, it’s important to know about all the legal options at your disposal.