Differences in money management strategies are notorious for contributing to divorce rates. Couples frequently disagree about how to manage money and financial conflict is one of the most common reasons cited for divorce. In addition to causing conflict within a marriage, the inability to effectively manage money can have long-term repercussions, affecting couples and individuals long after a marriage has ended.
Disagreements about money are not a sure-fire sign that a relationship is doomed, but if you and your spouse are constantly struggling to resolve money issues, you may want to consider speaking with an Illinois divorce attorney.
Common Marital Financial Issues
Because there is no one right strategy for managing money, couples who discuss each other’s attitudes towards spending money right from the beginning of their relationship are more likely to have a successful marriage. They avoid unpleasant surprises and have an easier time agreeing on how to handle their finances through their relationship....