4 Financial Issues That Contribute to Divorce in Oregon
Disagreements on spending habits, debt, and other money issues often arise over the course of a marriage. However, when these financial arguments become chronic or untenable, a couple may decide that divorce is the best course of action. Approximately one-third of couples recognize that money and finances create a significant amount of stress on their relationship. Here are four common sources of financial conflict that can strain marital relationships in Oregon.
1. Debt Obligations
When two people enter into marriage, one may carry a substantial amount of debt along with them. One partner’s student loans and credit card debt may create feelings of resentment over time, especially if the spouse with little to no debt feels obligated to cover their partner’s debt. It’s a good idea to disclose your debts long before you enter into marriage to avoid any unpleasant surprises.
2. Different Spending Habits
If your spouse has a different philosophy about spending money, you may find yourselves disagreeing with one another and experiencing a high amount of marital conflict. The spouse who spends freely may come to view their budget-conscious partner as a cheapskate, while the spouse more prone to saving money may resent the spender’s reckless habits. The sooner you and your spouse discuss your spending and saving philosophies and reach some common ground, the less strain such habits will have on your marriage over time.
3. Financial Power Dynamics
Most couples have some degree of individual income variation. When one spouse brings home significantly more money than the other, disagreements can arise. In some instances, the higher-earning spouse may use money to hold power over the lower-earning spouse, which creates an unhealthy relationship dynamic. Those couples who view themselves as a team, even when both partners have different incomes, tend to experience less marital strife in the long run.
4. Financial Infidelity
Honesty is an essential ingredient in a lasting relationship—even when it comes to finances. When one spouse hoards a secret stash of money or fails to disclose certain financial assets, the couple cannot operate as a team. Marriages have crumbled in such circumstances, as one spouse may feel betrayed and unable to continue trusting the other.
If you are contemplating your divorce options in the Portland area, contact Lee Tyler Family Law, P.C. by calling (503) 233-8868 to get started with an experienced and compassionate family law attorney and mediator.