15 Bad Money Habits that Will Destroy Your Marriage

#1: Keeping Money Secrets from Your Spouse

Think infidelity is the number one cause for divorce? Think again. As it turns out, money is one of the top triggers for spousal splits. In fact, research shows that arguing about money is the primary predictor of divorce. Regardless of their income range, debt or net worth, couples who argue about cash early in their relationship are more likely to get divorced. And it’s not a lack of money that causes the breakdown of a marriage—it’s often the squabbles over poor financial habits. So unless you want to take a wrecking ball to your wedded bliss, avoid these 15 bad money habits like the plague.

Think infidelity is the number one cause for divorce? Think again. As it turns out, money is one of the top triggers for spousal splits. In fact, research shows that arguing about money is the primary predictor of divorce. Regardless of their income range, debt or net worth, couples who argue about cash early in their relationship are more likely to get divorced. And it’s not a lack of money that causes the breakdown of a marriage—it’s often the squabbles over poor financial habits. So unless you want to take a wrecking ball to your wedded bliss, avoid these 15 bad money habits like the plague. #1: Keeping Money Secrets from Your Spouse Do you have a secret cash stash tucked away where your spouse can’t find it? Have you made an expensive purchase you’re hiding from your partner? Bad move. In a TD Bank survey of more than 1,900 partners, 90% of respondents who described themselves as happy in their relationships said they were not keeping any money secrets. To top it off, one in 10 respondents said they'd consider splitting up with their partner if they learned they were keeping a financial secret.

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#2: Never Talking About Money

If you don’t talk about money with your partner, all your financial problems will just disappear…right? Wrong. Many couples avoid discussing their finances because it causes tension. However, arguing about money is better than not talking about it all. Marriage counselors say couples should discuss money weekly or at least monthly so they can plan ahead for financial goals.

#3: Attempting to Buy Your Partner’s Love

The Beatles had it right all along—you simply can’t buy love. So if you think splurging on some icy bling or a fancy new car for your spouse will fix all your problems, you couldn’t be more wrong. In fact, making large purchases you can’t truly afford will only cause more friction in your marriage. Why? Because it leads to debt. Which brings us to our next bad habit…

#4: Taking on Loads of Debt

According to an American Psychological Association Report, more than three-quarters of Americans admit money is a significant source of stress in their lives. What’s the biggest cause of this financial pressure? Debt. This isn’t surprising considering that the total outstanding consumer debt in the U.S. is a whopping $3.4 trillion. If you want to give your marriage a fighting chance, focus on paying down any debts you have—and whatever you do, don’t take on additional debt.

#5: Letting One Spouse Make all the Money Decisions

In a marriage, there is typically one person who sets the budget and writes the checks—and that’s perfectly fine. However, it’s not okay for one spouse to be left completely in the dark when it comes to your finances. It’s important for both partners to give their two cents on money decisions and set short and long-term financial goals together.

#6: Wrecking Your Partner’s Credit

If you’re making pricey purchases in your partner’s name, cut it out. One of the quickest ways to destroy a marriage is to ruin your spouse’s credit. On the flip side, if your spouse is causing this type of fiscal abuse to you, don’t turn a blind eye. Put an end to this monstrous money behavior immediately. If you don’t take action now, you’ll be left with an avalanche of bills and a rock-bottom credit score—not to mention a divorce.

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