Often, couples will cite financial issues when they decide to get divorced. Maybe they had disagreements over how to spend their money. Maybe the family just did not have enough money to make ends meet, creating financial stress that took a toll on their romantic relationship.
One thing to consider is that a couple with two very different ways of viewing their finances may have higher odds of divorce. Their perspectives on money can lead to conflict, and it may be difficult for them to compromise.
Spending versus saving
Perhaps the clearest example is when one person is naturally a saver who wants to set aside as much money as possible, while the other person is a spender who enjoys using the money they have earned.
On one side, the saver often feels like their spouse is undermining their efforts to create financial security by frivolously spending joint funds. On the other side, the spender feels like their spouse is constantly berating them for spending money and holding them back from the lifestyle they want. Neither person is happy with these relationship dynamics.
This is not to say that either perspective is inherently right or wrong. But when the two views are so fundamentally different, it can lead to inevitable conflicts. When couples can’t work together or find a solution, they may decide that divorce is the best option—perhaps to seek a relationship with someone who shares their views.
Dividing finances
When these couples do get divorced, one contentious area can be how to divide their finances during property division. Those going through this process must be well aware of all the legal options at their disposal.