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Early money arguments could foreshadow divorce

On Behalf of | Jul 5, 2019 | Uncategorized

Did you and your spouse have any arguments about money in the first year of your marriage? If you did, you should know that studies have found that these early financial disagreements often point to divorce later.

It may not happen right away. You don’t get in one argument six months after tying the knot and decide to throw in the towel. However, your odds are statistically higher than for couples who do not engage in these arguments.

Part of the issue is simply that money is one of the primary reasons for divorce in general. The most common reason for an argument is when two people have different spending habits.

In fact, 60% of people in one study claimed that these disagreements came from the fact that the other person was too cheap or that the other person spent their money too frivolously.

As you can see, it does not matter who is right and who is wrong. What matters is just that spouses see money in different ways.

The person who wants their partner to spend less thinks that they’re wasting money and worries about paying the bills. The partner who wants to spend more thinks that their spouse is too controlling and worries too much. These disagreements speak to the fundamental way that they see wealth, and that’s not likely to change overnight.

Do you think that your marriage is going to end because of problems you and your spouse have regarding money? If so, it is very important that you understand exactly what legal steps you’ll need to take to protect your interests.