Financial Counseling Could Save Your Marriage
Fighting Over Money Issues Can Lead To Divorce According To Studies. Is Financial Counseling The Answer?
Many couples tend to argue and fight over money and other financial issues. According to many studies, fighting over money issues is one of the top 3 reasons couples end up divorcing. Those arguments can be about a myriad of “money” issues including:
- Spending and Savings habits
- Whose money is Whose?
- Who is in Control?
- The Value of Budgeting
- Past, Present and Future Debts
Financial Counseling To The Rescue?
As a lawyer primarily focusing on divorce work for over 40 years, I can tell you that I see the “marriage casualties” everyday which excessive debt accumulation and living over one’s means can cause. Research from TD Ameritrade shows that people would rather discuss sex, politics (and about everything else), before money and financial issues. Even when the couples have gone through pre-marriage counseling, money issues can swamp the parties often causing divorce. So, what do you do if you find yourself in this situation?
Recently, I have noticed a fairly new trend to offer folks financial therapy or counseling. Have you heard of the Financial Therapy Association (FTA)? … Read More... “Are You and Your Spouse Continually Fighting Over Money?”