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2 ways that money can lead to divorce

On Behalf of | Nov 2, 2022 | Divorce |

When you ask divorce experts what things are most commonly cited, they will tell you that money comes up in many divorce proceedings. Couples have financial issues that simply make it too difficult to stay in a relationship.

But this situation – a conflict for financial reasons – can arise in all sorts of different ways. Below, let’s take a look at two different issues that may exist for couples in North Carolina.

Having above-average wealth

Interestingly, even though many people assume that couples who are not well-off financially are more likely to get divorced, there is evidence that wealthier people may see their divorce odds go up. One reason that this can happen is because they still have a lot of financial stress, despite being higher earners. They may just have a higher standard of living, but they still feel like they’re living from one paycheck to the next.

Another reason that this can happen is because they each have financial security on their own, so they may feel more freedom to get divorced than those who do not. Couples with less money may stay together, even when unhappy, because it gives them more financial security.

Using money differently

Another issue to consider is that couples will use money in very different ways. One person may be interested in safety and security, and they like to save their money as much as possible. The other person may be interested in experiences and purchases, and they want to spend their money to live the life they want.

This difference in mindsets can be a major problem. The couple will likely have to find a way to compromise or their relationship may not be able to continue. This isn’t to say either person’s view is wrong, but just that having conflicting views can harm a marriage.

What are your options?

Money will also play a big part in your divorce case. If you and your spouse do decide to split up, be sure you know what legal steps to take.