A lot of married couples are going through issues and stress because of money-related arguments. Usually, this financial stress has to do with debt. Debt in a marriage can lead to losses in various areas of a marital relationship. If one spouse has to consistently deal with their spouse’s debt, they may consider divorce over time. Experts say that debt can lead to conflict and friction in relationships. If you are in this situation and considering a divorce, you should know that even debt incurred during your marriage can be equitably divided. In this case, you need a Sandy divorce lawyer to help you sort out your marital finances. The following are reasons debt can lead to divorce:
Budget and Spending Disagreement
If one spouse has debt, you may argue over your household spending and budget. One spouse may want to spend money on vacation while the other wants to pay a bit more money to mortgage balance or pay down their credit card debt. Such disagreement can get worse when the credit card debt significantly increases every month and the spouse thinks the other has no financial capacity to pay off the balance. Also, this spouse may think that taking a vacation will never be possible until their spouse has paid off the credit card debt.
One Spouse May Hide their Debt from their Spouse
This can happen from secret credit cards, hidden purchases, and laying about earned income. For some couples, hiding additional debt is one way to avoid arguments. This is particularly when the couple already has debts to deal with.
A divorce can happen when one spouse resents the other for constantly incurring significant debt they cannot afford to pay. This is especially true when the main earner in the family is the one paying down their spouse’s debt. This can result in the earner being unable to do things they want to do. The paying spouse may start to think about divorce when paying their spouse’s debt is not making it hard to get financial security and when they are frustrated in other areas of their marriage.
Some people may incur debt just to keep up with their desired lifestyle that they cannot afford. And if they cannot discuss this debt with their spouse, they could feel lonely. Also, they might feel isolated as they cannot afford to spend an activity with their coworkers or friends. Over time, such feelings can result in stress from one’s spouse.