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Divorce due to differing financial perspectives

On Behalf of | Jan 8, 2024 | Divorce |

There are many different ways that divorce can happen, and finances are often referenced as one of the top reasons. A couple that is experiencing significant financial stress is more likely to get divorced than a couple that is not. For instance, this is why some couples split up when one of them loses a job.

But the financial stress itself may just be created by different perspectives that the individuals have in regards to their finances and their goals. They end up working against each other or seeing each other almost as adversaries, which can undermine their relationship. How does this happen?

Spending and saving

One of the main ways that this happens is when one spouse is a spender and the other spouse is a saver. One person works hard to put aside as much money as they can, focusing on future financial stability and security. The other person is more likely to spend money, as they get more fulfillment from the purchases they can make and the experiences they can have.

Now, both spouses may argue that their perspective is the correct one, and the issue isn’t even deciding who is “right” and who is “wrong.” The stress comes from the fact that both people fundamentally just look at money in different ways, and they both have different goals. When trying to accomplish these goals, they consistently work against one another, and it drives a wedge in their relationship.

Divorce can get complex from a financial perspective. Those who are involved need to know what legal steps to take.