Three 3 Steps Concerning Divorce and Finances
- Author Beth Marshall
- Published February 4, 2014
- Word count 550
It is a reality that couples disputing over money are the primary reason couples’ divorce. It’s disappointing because there are ways to avoid these disagreements. Reducing the reasons for disputes increases the longevity of marriages. The persistent reasons for divorce over money are as follows:
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Couples don’t know their spouses money story
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A spouse doesn’t know where they are financially
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Financial disloyalty
I describe the reasons couples’ divorce in the bullet points below:
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Spouses' don’t know the money history of their partners: Whether we aware or not, all of us are a compilation of affirmative and challenging money experiences. Some money occasions are conscious and more stressful than others so acknowledge these moments. Others are unconscious and have subtle influence, so we are unaware that they are controlling our monetary choices unconsciously. The force of an individual operating subconsciously based on their money history is a sizeable situation but having two people performing from this position magnifies issues between couples. This situation creates most of the reasons couples’ divorce. Although it may feel uneasy, I constantly suggest that couples take time to discover and share their experiences about money from their childhood and their perception of money issues. Having this knowledge will help you see each other’s side and avoid detrimental confrontations that can destroy your relationship.
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Spouses don’t know their financial position: Knowing your cash flow is an essential step of an enthused money management system and a smart financial foundation. Yet, when couples/individuals don’t know their financial standing, this area becomes agitated and overpowering. At times individuals:
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Purposely mask their finances
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are in a financial mess and confusion so realizing the whole financial state is an issue
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haven’t consciously agreed on their ambitions so they use their money in different directions that don’t support what the relationship is to demonstrate/
Below are three reasons that complications and confrontational energy happen in a financial discussion.
- Financial disloyalty: Suppressing financial expenditures and activities from your spouse can hurt the faith they have in the relationship. First, verify if financial infidelity has happened in the relationship by asking how you might affect the position of financial legitimacy in your relationship. Second, heed to your spouse’s ideas regarding methods to boost your financial relationship. Finally, after you’ve examined your actions and received your spouse’s ideas, it’s time to build a financial plan of joint objectives that reflect your financial foundation.
These three scenarios above can autonomously alter a couple’s aptitude for a frank financial dialogue. At times, all three situations can materialize building emotional flare-ups and confusion. This is when spouses' get quiet entirely fearful to be open because their partner may not understand what their saying or it will more arguments.
If you and your spouse are in conflict over money, my advice is to search how you can connect respectfully in a discussion. Start with the plan to grow the financial area of your relationship. Join your spouse in a conversation actively listening to what they have to say about money.
Keep in mind the above process needs time to see results. I assure you this will lead to a well-built and unwavering financial plan that guides you to a competent life of financial independence.
Beth Marshall, CPA and MBA, is the founder and owner of Financially Authentic, and is inspired to serve others by helping them learn how to proactively manage their financial lives. For more information, sign up today at www.financiallyauthentic.com for Beth’s free audio download, "3 Steps to Living a Financially Authentic Life of Your Dreams."
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