Spouses file for divorce for many reasons. Physical abuse and mental cruelty rank among the reasons. Sometimes, couples drift apart and eventually divorce due to irreconcilable differences. Not every divorce case presents the same circumstances in a Texas family court. Often, looking over the problems in the marriage might reveal unions that are headed to divorce. One common factor that leads to divorce is financial. Specifically, monetary troubles and disagreements could undermine a marriage.
Financial concerns may put stress on a marriage
Differences of opinion about money could encompass numerous issues. A spouse who overspends may harm the ability to put money away for retirement. When the other spouse relies on a nest egg for retirement living, a partner’s wasteful spending might fracture the marriage.
Arguments and conflicts over money could take many forms. Regardless of why spouses argue about money, The Economic Journal reveals any disagreements about money matters might double the likelihood of divorce.
Financial disagreements could cause continual friction in a marriage. When money-related debates commence, taking steps to discuss the problems may prevent things from worsening. Unfortunately, things may not improve, and conflicts continue.
Divorce becomes unavoidable
Money troubles may linger for years. Filing for divorce over money disagreements could prevent one spouse from suffering financially for years. Tax and debt issues might loom over the marriage. One spouse’s behavior may drag the other towards unavoidable bankruptcy. And then there are the years of potential uncertainty financial instability brings.
Ending a marriage before intertwined finances suffer could be the only workable solution. Hopefully, the financial settlement from the divorce gives both parties a way to move forward.