I admit, it’s a little a lot depressing to think about divorce on Valentine’s Day week but that also just so happens to make it the perfect time to think about all aspects of money and relationships.
We’ve all heard the statistic: money problems are the number 1 reason why couples get divorced. As a married person myself, I heard this from tons of people when my husband and I were getting married 4 1/2 years ago. I don’t want us to become part of the statistics, so I always like to learn about what can be done to prevent this very common marriage problem.
Money has been known to cause everything from daily squabbles to fatal outcomes in even the best of relationships, and without effective financial communication between couples, money issues can be a factor in the divorce of your family. In fact, many modern marriages last until debt, not death parts them.
Click through for 10 reasons why love may not be enough to overcome money matters in your marriage. By being on alert for these issues it will do wonders in not having your relationship fall prey to them …
10 Reasons Why Money Will Be the Cause of Your Divorce 1 of 11
Image source: Daniele Zedda
On a Different Page 2 of 11
It seems that there will always be one person in the relationship who is "the spender" while the other is "the saver" (if only in comparison).
The chief reason money matters become a factor in a relationship is due to a couple's very different values where money is concerned. If one half of the couple is a persistent saver while the other is a reckless spender, the butting of heads over financial decision can become a major strain. It's important to come to an understanding about how each of you spend, even if you don't always agree. It's that communication that will make all the difference.
Image source: Daniele Zedda
Swift Changes 3 of 11
Some marriages fall apart after a big change occurs such as a major illness, a sudden job loss, or a loss at the wrong end of a lawsuit. These sudden changes often wreak financial havoc in a short period of time that the marriage ultimately cannot overcome.
Image source: Daniele Zedda
Secret Spending 4 of 11
If one or both partners in the relationship feels the need to hide their spending from the other, the foundation of trust can be irretrievably broken. A secondary issue will be the issues of debt that arise when overspending is prevalent in a relationship.
Image source: Helga Weber
Constant Struggles 5 of 11
If there isn't enough money to make ends meet month after month, the stress of daily life can become problematic and very overwhelming for couples. Suddenly, small issues can turn into raging arguments. Over time, that can break a marriage.
Image source: martinak15
Power of the Bacon-Maker 6 of 11
For those that do not bring home the bacon, it can become a power struggle between couples when the one that does make the money wields power over the one that doesn't. Being financially dependent on another person that does not share very well can become emotionally frustrating and spark problems in a relationship. Make sure that both partners voices are heard and that both opinions are taken into consideration. Also, if you're not the "official bacon-maker," try to come up with ways to make some side income and have your own bank account so you have credit and money of your own if the big "D" were to happen.
If you'd like some side gig ideas check out this post on my blog: 15 Side Gigs to Make More Money Today.
Image source: cookbookman17
Two Different Worlds 7 of 11
For couples that hail from different financial worlds, relationships can be difficult. If one half of the couple was brought up financially "well-to-do" while the other half understands poverty, relationship issues can quickly escalate. Resentment can become a factor that leads to divorce without effective communication and understanding.
Image source: Zach Dischner
Responsibility Resentment 8 of 11
If one half of the couple is essentially forced to handle all financial issues in the marriage, it can lead to bitterness, especially when their partner becomes critical of their work. It is important for couples to work together on financial goals, bill paying, and budgets to prevent layers of resentment.
Image source: Ed Yourdon
Addictive Habits 9 of 11
Couples that deal with costly addictive behaviors can find it difficult to survive life together. Drinking, taking drugs, and gambling are all addictive habits that can financially and emotionally break up a marriage.
If you are dealing with an addiction, do what you can by seeking out a 12-step group in your area, and if you're in a relationship with an addict, do what you can for yourself by seeking out an Al-Anon group. You don't have to be alone.
Image source: Cia de Foto
Financial Baggage 10 of 11
For couples that have the added financial burden that stems from one of the partner's past (child support, alimony, bankruptcy), it can cause the other partner to have regrets. Prior to marriage, as difficult and awkward as it may be, be sure to discuss these difficult issues to prevent them from turning into problems after the wedding.
Image source: JD Hancock
Family Dependency 11 of 11
If you have family members (or friends) constantly hitting you up for cash, it can create problems in a marriage. The decision to lend money to family and friends should be a mutual decision based on the best interest of your household finances rather than the guilt felt when family members are in trouble.
Image source: *martin*