Mismanaging Your Finances Can Lead to a Divorce

In a marriage, you’re expected to work things out together with your spouse. Just as your vows say, “for richer and for poorer”, you both have the duty and responsibility to help each other out. By doing so, you overcome any obstacle that might get in the way of your marriage.

Of course, a lot of these problems aren’t easy to overcome and can even be big enough to end a marriage. Financial problems are a perfect example of a problem that can negatively impact a marriage if not handled properly. But, just how can financial problems lead to a divorce?

Importance of Finances

One of the main duties of a married couple would be to support their family. This can mean a lot of things, such as making sure you have a home, having enough to eat, and paying all your bills. Simply put, you both have the duty of sustaining your family. One of the main ways you can do that would be through your finances, because how else are you going to be able to pay for these things. So, while the relationship and dynamic you share may be important, having enough money to make sure you both have your needs met and live decently is just as important.

The Trouble with Mismanaging

Since your finances are tied to things such as paying for your utility bills, buying groceries, paying for repairs, as well as a lot of other expenses, it’s only right that you make sure you’ll have enough to pay for what you need. The minute you start mismanaging your finances, things between you and your spouse can get more difficult. It could make sustaining and supporting your family way harder than it already is.

The moment you spend unnecessarily, such as on things you don’t need, you will have a harder time trying to pay for all the more important expenses such as your utility bills. You could even end up with debt you can’t pay for. These things can eventually add unnecessary stresses to a marriage, causing both of you to have arguments about your finances. You can feel pressured to work off the debt. You may even resent one another for not being more responsible. Then you just argue about why you’re in debt in the first place. Before you know it, you’ll find yourselves considering a divorce because you can’t stand one another. All of that just because your finances weren’t handled properly.

It’s no surprise that mismanaged finances can lead to trouble in the family and your marriage. While managing them may be a difficult task in and of itself, it doesn’t have to be made any harder by making questionable financial decisions. The smarter you are in managing your finances, the less complicated your marriage becomes.

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Mr. Hutton is a Divorce and Custody Lawyer based out of Round Rock, TX. His background is with child psychology at Arizona State University where he received a B.S. in 2006, and he continued this by working with the Children’s Right’s Clinic at the University of Texas School of Law where he received his J.D. in 2009. Throughout his practice, he has been a strong proponent of utilizing modern technology to improve his practice and the representation of his clients. He currently is the technology chair of CAFA of Travis County and is committed to improving and modernizing the practice of law in Texas. If you have any questions you can contact him at timothy.hutton@austintexaslegal.com

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