The way that you approach money may be very personal to you. You have created your spending and saving habits over the course of your life. These can be very different than those held by someone else, such as your significant other.
There are a lot of relationships in which differences have to be ironed out. In some cases, spending habits can actually lead to divorce. Let’s look at two ways that this could happen.
Spending and saving disputes
First of all, you have to look at the difference between two people when one is a spender and one is a saver. This is problematic on a few levels because these individuals simply have different goals for what they do with their money. Unless they can find a compromise, they are both going to feel like the other person is always working against them and causing some level of financial harm or difficulty. In some cases, couples decide that the only way to have the financial freedom they want is to move on from the relationship.
Struggles making ends meet
The second thing to consider is just that one person could have a spending habit that is detrimental to the family. It could make it hard for the couple to make ends meet. This is especially a problem if they have children. There are many divorce cases that start when one person has extreme spending habits or perhaps struggles with an addiction that costs them0 a lot of money. For instance, a gambling addiction could lead to divorce.
Exploring your options
If you and your spouse do wind up getting divorced, make sure you know about the property division process and all the steps you’ll need to take.