Divorce and Your Money

March 17th, 2009 at 8:32 am by under Your Money

From the article, “Why Money is the leading cause of divorce,” I copied the following few paragraphs. I’m not specifically saying that these viewpoints are exactly correct but they do raise some good questions. (http://findarticles.com/p/articles/mi_m1355/is_n1_v91/ai_18930297)

Broussard says, People aren’t discussing finances. Money is such a taboo subject. People associate bad things with money. If you’re in a serious relationship, talk about this. If you don’t, it will cause a huge gap.”

Bonnie Fitch, an attorney from Houston, TX, who is a former associate municipal court judge, says money may be the leading cause of divorce because some couples do not unite and work together when it comes to handling their household finances.

The unequal division of money causes problems because control isn’t equal. One person will have control and more money than the other. If one person is mismanaging funds, the strain comes when it doesn’t benefit the other party. It puts a strain on who will be the person to handle the finances,” asserts Fitch, who is sole practitioner of her own firm.

One thing that I definitely know is true is when the economy is struggling and when it is doing well, married couples do not like to talk about money and even when they do they are usually pretty poor at navigating the subject without significant emotional outbursts. A lot of this has to do with how we are raised, sometimes it’s because we don’t know how to communicate on tense topics, often it’s a variety of factors. In any case, learning to talk about money, setting a budget, and trying to follow it are key elements to finding financial and marital peace.

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2 Responses to “Divorce and Your Money”

  1. don smith says:

    I will be interested to see how many states fail to meet bdget this year. They need a solid budget like the rest of America is living on.

  2. Lyndee says:

    hey there, I didn’t know where to contact you but your web design layout was off on internet explorer and firefox. Anyways, i just suscribd to your rss.

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