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Divorce may come from financial differences

On Behalf of | Jan 17, 2024 | Divorce

In many cases, divorce comes from financial issues that a couple is experiencing. For example, some studies have found that the odds of divorce go up when someone loses their job. This could be due to the fact that the couple then faces a lot more financial stress and pressure, prompting the end of the marriage.

But there are also cases in which the perspectives that people have about their money can be enough to cause issues within their relationship. It’s not that either person is right or wrong. It’s not that they don’t have enough money to make ends meet. It’s just that they view and use money in very different ways, which can lead to conflict and disputes.

Spending versus saving

One of the clearest examples of this is when one person is a saver, someone who values financial stability and wants to put money aside for the future. Their spouse is a spender, someone who wants to use their money to enjoy life and isn’t as concerned with long-term financial security.

These two views can coexist, of course, but the problem is that couples will sometimes feel that they are working against each other. The saver feels like the spender is wasting all of the money that they’ve worked so hard to earn. The spender, meanwhile, feels like the saver is taking away from their quality of life and not allowing them to use their money as they wish.

When facing divorce

This is just one example of how financial problems can lead to a divorce. Couples who find themselves in this position need to know what legal options they have.