Millions of Americans are currently struggling to get by each day financially, and this includes married couples. Marriage involves sharing financial resources and responsibilities.
For some, pooling financial resources comes as a bit of a shock, and financial issues are one of the most common causes of divorce. What kinds of financial issues put strain on marriages?
1. When one spouse has prior debt
Before marriage, couples are generally trying to show their best sides. They may not want their prospective spouse to know about misfortunes of the past, such as getting into large amounts of debt.
Nonetheless, these things have a habit of coming out eventually. As stated, marriage involves sharing financial responsibilities, and this includes debt. The uninformed spouse may take the news of the debt badly, and resent having to work hard just to help pay it off.
2. Different spending habits
No two people are the same, and this includes married couples. One spouse may want to travel the world in the next few years, while the other wants to focus on starting a family. Both of these routes cost money, and if a compromise can’t be made, then the marriage could end up in trouble.
While couples need to have their own dreams and ambitions, all successful marriages require a certain level of compromise when it comes to spending.
Financial disagreements are one of the leading causes of divorce in the U.S. If you and your spouse can’t agree on money, then it may be time to start thinking about protecting your interests. Seek legal guidance to find out more about your options during divorce.