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PLEASE NOTE: NextLevel Law, P.C. by Daniel R. Hernandez, Esq. remains open and available to serve you during the COVID-19 crisis. We are offering our clients the ability to meet with us via telephone or video conference. Please call our office to discuss your options.

PLEASE NOTE: NextLevel Law, P.C. by Daniel R. Hernandez, Esq. remains open and available to serve you during the COVID-19 crisis. We are offering our clients the ability to meet with us via telephone or video conference. Please call our office to discuss your options.

Divorce could be caused by the way couples see money

On Behalf of | May 13, 2022 | Divorce |

It is well known that money causes a lot of divorce cases. Some have even gone so far as to say that most divorces happen because of money or financial pressure. And it is certainly clear that money plays a big role in the property division process.

But this doesn’t just mean that you’re going to get divorced if you don’t earn enough or if you have too much debt. Certainly, this type of financial stress can lead to the end of your marriage, but it could also happen just because of the way that you and your spouse view money itself.

Are you a spender or saver?

Painting broadly, there are two main categories for the ways that people look at money: Some people are “savers,” and they want to put aside as much as they can. Others are “spenders,” and their main drive to acquire more money is simply to use it on experiences or products that they want.

Both of these views can be executed in a responsible manner, of course, but there is a lot of conflicts when two married people see money quite differently. If you are a saver and your spouse is a spender, then you’re going to run into conflicts over how to use your joint income. You may even feel betrayed if your spouse uses the money in a way that you don’t approve of or refuses to let you use it the way that you want. It is this type of breakdown that sometimes leads to a divorce.

What should you do next?

If you and your spouse are facing these types of issues and are considering divorce, just take the time to look into your legal options. Protecting your interests is wise.