The People’s Lawyer

Could trying to save money cause a divorce?

On Behalf of | Oct 18, 2023 | Family Law

When couples get divorced, they often talk about financial issues that took them to that point. Maybe they had overwhelming debt. Perhaps they couldn’t afford their mortgage and were in danger of foreclosure. Maybe they didn’t agree about how they should use their money. This type of stress was detrimental to their relationship and eventually caused the divorce.

But people generally view these problems as issues with income or spending. Either the people are not earning enough money or they’re spending too much. But could trying to save money also lead to a divorce?

How do you and your spouse view money?

In many cases, trying to save money can certainly be positive. It could be helpful and it may strengthen the relationship by providing financial stability.

But there are cases where people view money very differently. Maybe you always wanted to save money, but your spouse is a spender. They want to have experiences, buy the newest tech and use their money to enjoy life.

If you are constantly trying to save money, the two of you may feel like you are working against one another. Your spouse may be frustrated that you never want to spend money on the things that they want. Meanwhile, you may be frustrated that they keep spending money when you’ve been working so hard to earn it and save it. The fundamental difference in opinions is what can eventually cause the two of you to go your separate ways.

If you do get divorced, there are a lot of financial questions to ask, potentially revolving around things like child custody, spousal support and asset division. Be sure you understand all of your legal rights.