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Money differences may lead to divorce 

On Behalf of | Jul 28, 2023 | Divorce

When you begin looking into the reasons why divorce happens, you’ll find that finances often come up. Maybe one person had a spending problem and was wasting the money that the family needed just to pay the bills. Maybe one person couldn’t hold down a job and the family didn’t have enough money to make ends meet. There are countless examples of finances derailing a relationship.

But one thing that you’ll find is that it may be the different views that the couple holds regarding money that cause the strife. If they can’t find a way to compromise when they have very different perspectives, that can cause them to feel like the marriage isn’t going to work out. What would this look like?

Spending and saving

One of the most common ways that this happens is when people have different views on spending or saving money. For one person, the stability provided by saving money and creating future financial security is the most important thing. For the other person, having life experiences and using their money in ways that they enjoy is the most important thing.

Both spenders and savers have valid perspectives, and it’s not as if one of these perspectives is right and the other is wrong. But when a couple is married and holds such different views, that’s when conflicts arise. The spender feels like the saver is inhibiting the life they want to live, while the saver feels like the spender is wasting the money that the family needs.

As you can imagine, divorce based on finances can get very complicated. Be sure you know what legal steps to take.