When people get divorced, they will often cite money or financial stress as the reason for that divorce. They’ve come up against financial problems that have ruined the relationship, or there are issues – such as financial infidelity – at the heart of the divorce. Money has come between the two individuals.
There are numerous ways that this can happen, depending on the specific situation and the unique factors of each case. But below are two examples of how money could lead to a divorce so couples can know what to watch for.
Not making ends meet
First and foremost, many couples will run into financial troubles when they don’t have enough money to pay their bills and otherwise make ends meet. Maybe both people are working, but they just can’t provide for their family. Or maybe one person has lost their job, as there is often a correlation between divorce and job loss. This reduction in income could mean that a couple that used to be able to pay their bills suddenly cannot, and that puts a lot of stress on a marriage.
In some cases, simply the way that people look at money can cause them to get divorced. One person may be a spender, while the other is a saver. Every time that the spender buys something, the saver feels like their spouse is undermining their efforts. But every time that the saver protests purchases and says that the money should be put in the bank, the spender feels like their spouse is inhibiting their lifestyle. Eventually, that difference can lead to a divorce.
When couples do get divorced over financial issues, the property division process can be contentious. They both need to know exactly what legal steps to take.