When Finances Lead to Divorce
If you are someone whose marriage is on the rocks due to financial issues, you’re not alone. Financial insecurity is becoming a problem in many families these days due to rising prices, job losses, and uncertainty about the future. All of this can lead to serious discord in a relationship, as couples agonize about how to make ends meet.
Anxiety
Over 30 percent of surveyed individuals confess that finances are the chief factor causing stress in their relationships. Stress related to debt can result in arguments and blaming, neither of which nourish a relationship. Nonetheless, being unable to meet monthly financial obligations– let alone save money–can be incredibly exasperating, leading to conflict in the form of arguments, silence, and emotional distancing.
Disposable Income
One serious decision many couples may face is how to spend their disposable income. One spouse may strongly believe that it is critical to prioritize paying off debt. If the other spouse thinks it’s more important to spend that money to reduce stress and enjoy life a bit it can lead to negative interactions . Completely differing views can be difficult to manage. The spouse who prefers to save may come to resent the spender, believing that their sacrifices are not appreciated, while the spouse who prefers to spend may not appreciate feeling boxed in financially.
Secret Spending
Lying about money issues can be disastrous for a relationship. If one partner secretly hides debt or spends—commonly referred to as financial infidelity– the duplicity can lead to bitterness and a complete lack of trust. If a spouse lies about buying a new shirt, for example, what else might they be lying about?
Disgraced
For some, unsustainable debt is more than simply a source of stress: it is the foundation of shame and embarrassment. Debtors may feel judged by others as irresponsible over-spenders who rashly got themselves into financial chaos. These feelings can lead to isolation and depression as couples fear the financial and social costs of circulating with friends. In time, feelings of hopelessness and powerlessness can devastate a relationship.
Thoughts of Divorce
While your marriage may have started based on love and hope, it can end based on money and stress. When couples’ financial goals are not in concert, a marriage can turn into a battleground pretty quickly. And when the end goal becomes an equitable divorce, the money issues move front and center. Now, more than ever, you need an experienced divorce attorney who will fight for the best possible outcomes financially and otherwise. At WiseLieberman you’ll get nothing less. To discuss, schedule a confidential consultation with our Boca Raton family lawyers today.
Source:
cnbc.com/select/national-debt-relief-survey-debt-reason-for-divorce/
