How Financial Problems May Lead to Tennessee Divorce

A Collierville divorce attorney can help you through the divorce process if your spouse has filed for divorce. One potential cause of divorce is financial problems. In fact, the National Survey of Families and Households found that financial disagreements were a major factor in predicting whether couples would get divorced.

Most couples are happiest when their finances are stable. Surprisingly, even receiving a huge amount of money may cause divorce. Some couples may be unable to deal with fluctuations in money, whether they suddenly come into a large amount of money or they experience a financial setback.

There are also instances in which one of the spouses wants control over the money. This is often the main income earner of the family. Because the breadwinner works hard for the family’s income, he or she may be upset if the other spouse spends it in a way they do not approve. This is why it may be helpful to have a conversation early in the marriage about how money should be distributed and how the money should be spent.

Many couples may differ on how they view money, especially when one spouse spends more than the other does. A study at UtahStateUniversityindicated that couples who argued about finances every week were 30% more likely to divorce than couples who had sporadic disagreements a few times a month. For more information, read our article about reasons why men divorce.

Seek legal help when getting divorced for financial reasons. Contact a Collierville divorce attorney from Miles Mason Family Law Group to preserve your legal rights. We are familiar with the divorce laws and can help you through the legal aspects of the process. Contact us today at 901-683-1850.