Minnesota couples get divorced for many different reasons, whether due to infidelity, money issues or other problems. When it comes to finances, there are a few common issues that tend to cause divorces.
Financial infidelity
When couples first get married, they tend to come up with financial arrangements that they believe will suit their needs. Many times, this involves splitting bills right down the middle and each person keeping the remainder of their earned income to purchase things they would like. Unfortunately, this tends to lead to resentment when one person has more money than the other or one person purchases many household items while the other one does not. This can lead to financial infidelity, which is where one spouse hides money from their other spouse. This type of infidelity can make a spouse untrustworthy to the other, and the couple may ultimately wind up in family law court arguing over a divorce.
Taking on debt
Unfortunately, many couples do not talk about their financial situation until after they get married. It’s not uncommon for one person to go into the marriage with little to no debts while the other one comes into the marriage with a whole load of debts. Arguments tend to arise over who has to pay for the debts and whether or not taking on additional debts is worth it. The partner who brings a lot of debt to the marriage might end up trying to obtain more debt for certain things. This can create a world of conflict as the spouse with no debts to their name does not want to agree to take on unnecessary debt.
When a couple enters into marriage, they may run into problems with their finances. Financial infidelity and taking on debts are two of the biggest reasons that marriages fail because of money-related issues. It’s highly advisable that you speak to your soon-to-be spouse about financial issues prior to getting married so that you’re both on the same page.
