The Family Relationships journal has reported that “Rowing with a partner over money is a strong predictor of divorce”.
The survey went on to point out that it didn’t matter how much or how little money the couple had because such rows took place at every level.
There is no doubt that whilst rowing over money is a good predictor of divorce in most cases that row continues through the divorce process.
The argument about who gets what and the trade offs that take place.
“I want the house, you can keep your pension” is an integral part of the negotiations (or rows if you prefer) that a couple has to navigate through when arranging the divorce financial settlement.
Engaging with a competent Financial Planner at an early stage makes sense because as the author of the report goes on to say “People who are stressed are very short term focused. They don’t plan for the future. If you can reduce stress you can increase planning”
I couldn’t agree more!
