Some researchers believe that marriages last longer when the union is financially stable. Studies show, for example, that men who were not working full-time were 33% more likely to divorce when compared to those who maintained full-time work when all other factors were equal.
Adequate financial resources not only allow families to meet their financial obligations, but also allow them to outsource some of life’s more tedious tasks and provide opportunities to bond over leisure activities. The absence of a steady flow of income puts a lot of stress on couples and, not surprisingly, financial pressures are often thought of as marital wrecking balls.
Often times, one spouse may not realize how big an issue money is becoming until it is too late. Couples facing financial difficulties sometimes avoid discussing conflicts concerning money until frustration and resentment reach their tipping point, at which time, the conversation can easily turn into a battle over who’s contributing what, inevitably chipping away at feelings of self worth and accomplishment.
So what can be done? One financial adviser who specializes in helping couples suggests getting the issues out on the table and working on a budget to avoid this most common marital pitfall. Deciding in advance how you will pay for basic bills, what contributions will go to long-term savings, and the allotment of monthly fun money for each spouse can go a long way to alleviate financial stress in the marriage.
Source: NPR, How To Keep Money From Messing Up Your Marriage, by Chris Arnold, accessed January 30, 2017.