In some cases, a divorce happens when a couple doesn’t have enough money and struggles to make ends meet. In other cases, divorce comes to relatively wealthy couples because they feel a sense of freedom and they know that they don’t need to stay married just for financial support. In both ways, money can be involved in the divorce process.
But there’s one other area to consider, as well: Simply the way that you and your spouse view money could cause problems in your marriage. You may have different perspectives, different goals and different opinions. Some couples can change their positions or compromise, but other couples find that this creates constant stress.
How could this happen?
One example is if you are a saver and your spouse is a spender. You fundamentally look at money differently, as your spouse values the experiences they can have by spending money and you value the stability you get by saving it.
It’s not about figuring out who’s right and who is wrong. Both perspectives are equally valid and you could argue that either one is right.
But the issue is that two people with such different perspectives are constantly going to be working against each other. You may work very hard to earn extra money and put it all aside for retirement, only to find that your spouse decided to spend it on a new purchase. This can cause disagreements and marital stress, which eventually leads to divorce.
Dividing assets
If you are getting divorced for financial reasons, dividing assets could get complicated. Be sure you know about all the legal options at your disposal so that the split is fair.