Financial Reasons For Divorce

There are many different reasons couples in North Carolina may get a divorce. However, according to multiple studies, the primary reason for divorce in the United States are issues with money. Couples may benefit from learning about some of the common money problems that can occur in a marriage and what steps they should take to overcome those problems.

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Couples who do not communicate about the family finances are highly likely to encounter problems in their relationship in the future. In some marriages, the majority of the financial decisions will be left to one party, an arrangement that may please both parties; however, it can result in complications if that party dies unexpectedly and leaves the surviving spouse with a financial situation about which they know very little.

Couples should make efforts to speak openly about their finances. It may be helpful to schedule regular talks. Communication is an important part of almost every type of relationship. People who believe that they are not being listened to may begin to feel disrespected and unloved, which can engender feelings of resentment in the relationship.

Another type of money-related source of contention in a marriage can be the lack of savings. In the United States, more than 50 percent of families have less than $1,000 set aside for emergencies. Living without a financial security net can cause tension in a marriage.

Many couples may have to start small to begin amassing an emergency fund. Even two percent of every paycheck can be a good start.

A divorce attorney may consider the factors of a case and may advise clients about the best legal strategy with which to pursue resolutions to divorce legal matters. Litigation may be used to obtain favorable settlement terms regarding property division, spousal support, child custody and child support.