Financial difficulties, and the stress that accompanies them, are the leading causes of divorce.
With the economy the way it is today, many marriages go through monetary trouble, but is divorce the solution?
According to a new study at Utah State University, “Couples who reported disagreeing about finances once a week were over 30 percent more likely to get divorced than couples who reported disagreeing about finances a few times a month.”
There are a variety of different types of financial reasons why a couple ends up seeking a divorce, including:
- Low or reduced income causes budget problems. A couple struggling to make ends meet, or not succeeding at all, has the potential to cause emotional conflict within the marriage by fighting all the time.
- One spouse who spends secretly, causing an undue strain on the couple’s budget. Secret spending results in budget problems and high conflict between the couple.
- Overspending usually masks underlying problems in the marriage and puts undue financial stress on the couple.
- When there is an undue emphasis on saving money beyond what is necessary to maintain financial stability, marital problems are headed your way.
If you have problems managing your money, you and your spouse probably argue frequently about money. Added to this, a struggling economy only makes things worse. If you know that money management is a true problem, you must confront the issue head on immediately.
When facing divorce, there are a number of matters you must address and resolve. Whatever your particular situation may be, the Orange County family law office of Amy M. Montes can help you. We are here to guide you through your divorce process and any other matters you face.
Working with an attorney who understands and who will listen is very important in family law. To learn more about how much we can for you, call our office today.
