While divorce rates, on the whole, have declined in recent decades, many marriages still don’t work out. There are several reasons for this, but money is often at the center of marital issues.
Arguments over money can cause long-term issues between a couple. Here are some of the most common money-related arguments between spouses.
Spending habits
Some people are spenders, some are savers, and many fit somewhere in between. While spouses with different spending habits can get along, there must be compromise.
A spouse who wants to save up to purchase a new home may become very frustrated if their partner is unable to work as a team and contribute to joint savings. At the same time, a spouse unwilling to spend any money on enjoyment could make the relationship difficult.
As with most issues, the key to compatible spending habits is compromise.
Income levels
It is more common nowadays for both spouses to have active careers, but that’s not always the case. One spouse may not work. Or, both spouses may work, but one earns much more than the other.
Different income levels can cause a range of issues. For instance, one spouse may become frustrated that the other is not contributing enough to the household income. Or, the spouse on a lower income may start to feel like a burden, even if their partner doesn’t really think this. Honesty and open communication can prevent disputes from arising due to different income levels.
Financial infidelity
Infidelity is often thought of with regard to the physical side of a romantic relationship. However, financial infidelity can also occur. This happens when a spouse lies to the other about money. They may not tell their spouse that they have significant savings. Or, they may lie about their income or spending. Any kind of dishonesty generally leads to the breakdown of a relationship.
If your marriage is in trouble, then it may be time to think about protecting yourself. Seeking legal guidance is a great place to start.
