Financial Reasons to End a Relationship

 Posted on October 25, 2013 in Divorce

There’s no doubt that financial disagreements can play a significant role in the turbulence of a relationship or marriage. Studies have found that arguments over finances are in fact a leading reason for divorce, highlighting that early fights over money issues can be major red flags for the relationship. Couples that can’t come together over money will face an uphill battle to stay together. There are many factors that can influence your likelihood of divorce, but understanding some common financial deal breakers can be helpful for determining potential issues.

Credit score is playing a bigger role in who men and women will consider a long-term partnership with. According to a study by freecreditscore.com, 1/3 of women and 1/5 of men would not walk down the aisle with a person attached to a bad credit score. Being upfront at the outset of your relationship about past financial troubles can clear the air and allow you to set up a plan to get on top of your situation. This will also be beneficial if you decide to buy a car or house with that person down the road.

Earning potential for women is something to watch out for as well. Women who earn more than their male spouses might indicate an increased chance for divorce. A study conducted over 25 years in the Journal of Family Issues discovered that women faced a higher likelihood of divorce when they earned 60% or more of the family’s income.

Being on different pages with regard to finances can flag a future of fighting and divorce. If financial differences have already led to significant problems for your marriage, it might be time to consider your options. Setting up a consultation with an experienced Geneva family attorney will provide you with an overview of your case and what to expect from divorce in Illinois.