Money and divorce often go hand-in-hand. When you look at the reasons that people cite, financial troubles are usually high on the list, along with things like infidelity.
But, even though finances themselves may be referenced frequently, this doesn’t mean every case is the same. There are many different financial issues that can affect couples in different ways. Below are two examples of issues that may lead to a divorce.
1. Financial infidelity
To start with, financial infidelity happens when people are dishonest or intentionally lie or deceive others about money. Maybe one person is spending money in a way that they know their spouse wouldn’t approve of, so they try to hide that spending. Or perhaps that person is attempting to hide assets, transferring them into other accounts and then lying about the state of their finances overall. If this financial dishonesty comes to light the relationship may end.
2. A difference in views
Another potential issue is when people view money very differently. A common example of this is the difference between spending and saving. Someone who likes to spend their money will always feel like a spouse who is a “saver” is trying to hold them back. Meanwhile, the spouse who is the saver will often feel like the “spender” spouse is wasting their money and causing financial stress and instability.
These are just two examples of how money and divorce can often be tied together. If you do find yourself facing the end of your marriage, be sure you know exactly what legal options you have at your disposal.
