When couples get divorced, money is often at the heart of the split. They’ve experienced some sort of conflict or disagreement, and these financial issues have led to the end of their marriage.
It’s important to plan ahead for divorce, so it can be helpful to know why these things happen. If you see red flags in your relationship, you can begin preparing. Let’s take a look at three potential examples.
1. Financial infidelity
To begin with, when couples are dishonest with one another or deliberately lie about financial details, this is a form of financial infidelity. When the truth comes out about how someone spent money or lied about their debt or earnings, it undermines the trust in the relationship.
2. Different views
Another issue that can come up is when people just view money differently and fundamentally interact with it in different ways. One spouse may argue that saving is most important, for instance, while the other is in favor of spending. It doesn’t matter who is right or who is wrong—just that they have very different views and will be in conflict with one another.
3. Financial stress
Finally, financial stress can certainly take a toll on the relationship. This is one of the reasons why job loss sometimes leads to divorce. It can also influence why young couples have such high divorce rates, because they may not have the same level of financial stability.
If you and your spouse are heading toward divorce, figuring out the financial details will be a major part of it. Be sure you know exactly what steps to take.
