Arguing about money? Divorce could be on the horizon.
Even couples in healthy relationships argue. However, according to a recent study out of Kansas State University, the topic of these arguments could provide an indicator of whether or not the couple’s relationship is more likely to end in divorce than their counterparts.
More on study out of Kansas State University
This study, conducted by an assistant professor of family studies and human services, found that couples who argue about money are more likely to get divorced than those that argue about in-laws or how to raise their children. Researchers also found couples that argued about money early on in their relationships were at the greatest risk of a split. These arguments can be more devastating because they tend to last longer and can result in each spouse using harsh, accusatory language. This can directly impact a spouse’s relationship satisfaction and couples with a lower level of relationship satisfaction are more likely to consider divorce.
The study was designed to provide an examination of couples of various income levels. Interestingly, the amount of money a couple made did not have a significant impact on the results. High net worth couples were just as likely to be impacted by financial woes as those struggling to make ends meet.
Tips to avoid a decrease in relationship satisfaction connected to finances
The idea of financial fights leading to marital woes is not a new one. Marital and financial experts alike offer various pieces of advice that can help couples overcome this obstacle. Forbes recently provided a summary of these tips. Some more helpful suggestions include:
- Communicate. Couples can take charge of these arguments by shifting from accusatory language to a conversation focusing on financial goals. Instead of arguing about how money was used, develop a plan for how it will be used in the future. Look ahead and work together to develop a plan together.
- Use multiple accounts. In some cases, couples handle money differently. Some individuals have a saving mentality while others more naturally lean towards spending. In these cases, it can be helpful to have three different bank accounts. One for each spouse to spend as he or she desires and a third, joint account designed to meet the couple’s needs. This could include household costs like a mortgage, car payment and utility bills.
- Know when to ask for help. If these tactics fail, it may be wise to seek out a financial professional. This advisor can help facilitate a discussion and assist in developing a budget.
Unfortunately, even with these proactive steps some couples are unable to mend their relationship. If you are in a relationship that is unsalvageable and are considering a divorce, contact an experienced divorce attorney. This legal professional can help address concerns of property division, child custody and other legal issues.