Do you and your spouse view money the same way?

On Behalf of | Aug 14, 2023 | Divorce And Dissolution

Many people have at least considered their odds of divorce. They know that divorce is quite common, but they’re not sure what the chances are that it will happen to them. They wonder about the different factors that can cause a marriage to end, outside of obvious things like infidelity or abuse.

One thing to keep in mind is simply the way that you view your money. If this is significantly different than how your spouse views it, even if you don’t have other financial troubles – like not being able to pay the bills – it could lead to a divorce.

Are you a spender or a saver?

An example of this is the difference between a spender and a saver. If you are one and your spouse is the other, then you may often feel like your own financial goals are being inhibited by your spouse.

For example, perhaps saving has always been important to you because you are concerned with the future. You have plans and you want to save up money to accomplish them. Maybe you want to save for retirement. Maybe financial stability just reduces the daily stress that you feel.

If your spouse is a spender, they may not think it’s a big deal to use money in a more frivolous manner. They may make impulsive decisions and buy things they don’t need. To them, this is a fun and relaxing way to live. But to you, you feel like everything that you’re working for is being ruined, financially speaking, by your spouse. Eventually, people with these perspectives may go their separate ways.

Dividing your assets and more

If you do decide to get divorced, you’re going to have to figure out how to split up your money and the other assets you own. Be sure you understand all of your legal options.