Monday, February 9, 2009

Financial problems that lead to divorce

Written by: Keun H. Maeng

There is no doubt about it. No matter how much you love each other, you will eventually have unavoidable contingencies during your marriage. Studies show that money is the number one reason why couples engage in such arguments. While talking about money issues might solve the quarrelsome battle, there are something more than conversation that should be fulfilled to have harmony when it comes to marriage and money.

Merging the Finances
Couples are overwhelmed by the uncertainty on how to handle their finances. Assuming that the couples are both in a hospitable financial status, finding a way to blend finances comfortably can dramatically reduce money arguments.

Dealing with Debt
Of all the money arguments there are, debt is the most common reason why couples separate. It is highly possible that one spouse might enter the marriage with a lot more debt than the other. Even though some might disagree, once you are married, your spouse’s debt can become your problem. With this in mind, it is recommended to pay down the debts as quickly as possible.

Keeping Spending in Check
Believe it or not, studies show that men and women spend the same. Because the type of expenses differ between a man and a woman, it is very easy to scapegoat each others for the excess amount of expenditures. The solution to this is to keep a tight budget!

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