Money is often cited as a reason for divorce, perhaps second only to things like infidelity. It certainly causes a lot of relational issues, and these may end a marriage. It’s a common reason for arguments between couples.
That being said, you may find yourself wondering exactly how and why this happens. What types of financial issues do people run into that would cause them to get divorced? Let’s take a look at three examples.
Problematic financial habits
One example is when one spouse has different habits or activities that cause financial issues for the family. An example of this could be if a spouse has a gambling addiction. They cannot refrain from spending the money that their family needs just to make ends meet, and their spouse may eventually decide to leave and seek a more stable relationship.
Job loss
Another potential issue to consider is when one spouse loses their job. This can make the odds of a divorce go up. Job loss is especially problematic for those who are living paycheck to paycheck and cannot make ends meet if the person can’t find a job again quickly.
Differences of opinion
Finally, people just have very different ways that they view money. Some people value saving, for example, while others value spending. If they can’t find a way for these two different perspectives to coexist, then they may get divorced.
Splitting up for any reason can be complicated, but especially for financial reasons. Those who find themselves in this position need to know about all of their legal options.