Financial difficulties, and the stress that accompanies them, are the leading causes of divorce. Nearly every marriage goes through monetary trouble, but is divorce the solution?
Divorce is also the number one reason for people filing bankruptcy. A big debt can certainly break up your marriage, but what benefit can a divorce have on your finances? Many couples don't even discuss money issues, plan a budget, or set back savings. Why would divorce be the answer to this communication problem? A divorce can be expensive and will thus propel you further into debt. But the most costly part of the divorce process will be losing the love of the person you vowed to remain loyal and devoted to. Your marriage vows included "for richer, for poorer" -- not "for richer and richer."
You need to spot money problems early and attack them together to avoid disaster. Casting stones, belligerence, and screaming at a spouse does nothing to eliminate financial stress and, instead, takes the focus from solving the problem at hand. Don't let your debt run your life; step up to the plate and assume control of your finances. The key is to work together on a realistic and reasonable budget based on the goals that have been set. Track your spending, and make your dollars go further by sticking to this budget once it is in place. You will have a step by step formula for figuring out where the most important place to utilize your money will be. You can then determine what expenses you can cut back on or hopefully eliminate.
No comments:
Post a Comment