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Spenders, savers, and an upcoming divorce

On Behalf of | Aug 2, 2022 | Divorce |

People are often very opinionated about what they do with their money. To some, the goal is to save as much as possible and create some level of financial stability and success. For others, the goal is to have experiences or to buy desired items, and they’re much more interested in spending the money that they have on the life they want to live.

You can make arguments for either of these positions. It’s not that one person is wrong and the other person is correct. These are simply different ways to look at financial assets and what you want to get out of life.

But, if you and your spouse have different opinions, that could mean divorce is on the horizon.

Why is this so problematic?

You can learn a few things from studying the different types of arguments that couples have. One of the most common reasons for these arguments is simply financial stress.

In some cases, the stress comes from the fact that a married couple just doesn’t have enough money, so they’re always stressed about trying to make ends meet. But the stress can also be manufactured.

For example, if your spouse is constantly trying to save and you are always spending, you may not feel that there’s anything wrong with it. But your spouse may feel like they are constantly losing the money they’ve worked so hard for and fighting with you about what to do with the assets that you own.

If you and your spouse do end up getting a divorce, make sure you know how to divide those assets and what legal steps to take.