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According to research studies, nearly nine out of every ten couples decide to get married primarily for love. In contrast to the popular Beatles song, however, it appears that love is not all you need — because about half of all marriages in the United States end in divorce.
In 2017, a survey conducted by the Pew Research Center showed that about seven out of ten adults agreed that it was very important for the male partner to financially support the family in order to be considered a “good” spouse. Not surprisingly, the leading cause of divorce between couples is arguments over money. One spouse will inevitably be more frugal and calculated than the other, as no two individuals have the exact spending habits. It is also likely that one spouse will earn more than the other, which can lead to tension and arguments.
It is important that couples try to work out a budgeting plan and come to an agreement about how expenses, debts, bills, and savings should be managed. This simple budgeting trick can help prevent ongoing arguments and help increase the longevity of your marriage.
Whether the end of your marriage is the result of financial differences or something else, it will inevitably be a challenging time. You and your spouse will need to make decisions about formerly shared finances, property, debts, and parental obligations that will continue to impact your future. Scottsdale divorce attorney Karen A. Schoenau can help advocate for your best interests throughout the Arizona divorce process. Reach out to the Law Office of Karen A. Schoenau by calling (480) 209-1918 or by completing her online contact form. She has an office conveniently located at 14301 N. 87th St. #211, Scottsdale, AZ 85260.
The articles on this blog are for informative purposes only and are no substitute for legal advice or an attorney-client relationship. If you are seeking legal advice, please contact our law firm directly.