Couples split over money: Can bad spending habits ruin a relationship?


Is your closet overflowing with never-worn clothing? Is your attic bulging with boxes of shoes that have never touched the pavement?

Overspending is a societal addiction in the U.S. In 2006, statistics identified 5.8% of the US population as compulsive buyers.

Studies estimate that as many as 17 million Americans can't control the urge to shop, even at the expense of a job, family, marriage, and finances.

Big spenders tend to marry big savers, researchers find.

It might be why you married them, according to a working paper titled "Fatal (Fiscal) Attraction" by professors of the Wharton School of Finance and Northwestern University.

They found that people who generally spend less than they would ideally like to spend, and those who spend more than they would like to tend to marry each other.

Those who find it painful to spend may dislike that characteristic in themselves, and so are attracted to people who are more liberal in their approach to money.

That's even though most single people say they would be happiest marrying someone with similar spending habits to their own.

So what do you think, any truth to this study?


Tell us your story, and post your comments!


Source: Reuters.com


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Comment by Eulanda Arlene Shingleton on July 29, 2009 at 7:46pm
I believe that some marriages end because of money. But in these times, people leave marriages for simple stuff. In this day and age , marriage today seems to be a joke. People these days dont value relationships(especially marriage). GOD intended for us to marry, however, most times we choose to get married not for love, but in lust. When you marry in lust, after the "thrill" is gone, you want to get out and seek something else. People do what they want to do when they want to do it. Often times excuses are made to justify "why " instead of being honest and admitting that the marriage was a bad idea. We just need to be mindful when we tie the knot to ask GOD to keep and guide you to that special person he has made for you. You should get to know a person because often times you know the person was a spender, yet you might have had the idea that you could "change him or her" and you wind up being unhappy.
Comment by TeelaDoc on July 29, 2009 at 7:08pm
There is enough #'s to prove that marriages end b/c of $$$; I also added to the numbers: )

What's to be expected when neither have a solid past or future with finaces. Two people putting bad credit & unhealthy spending habits together....it's just a matter of time before papers are signed.
A lot of couples want to live above their means and are not knowledgable in regards to investments.

**I wonder how many couples have a finacial plan before marrying.??
Comment by shonna on July 29, 2009 at 4:41pm
yes this is very true-it definitely help ruin my marriage-not that it was a good one to begin with-but i was the spender and he was the saver but he always was looking for a way to get more money-not illegally-but it cost him his family-this should be considered a plus but it got physical and he broke my ankle and that was it for me. and i didnt spend money unnecessarily, just on things that were needed for our children or for the home, im a very conservative spender. i have learned to date like minded people now cause life is too short for anything else!
Comment by Maria P. on July 29, 2009 at 4:29pm
Yes it can.I happened to me. Finacial problems can ruin a marrriage. Poor finacial management and debt can contribute and be a major factor in divorce. It does put a lot of stress on a relationship.
Comment by Kim Walker on July 29, 2009 at 4:18pm
of course it can cause a relationship to fall apart.. who wants to be with a person who you can't depend on ? If he or she isn't good with money then there is going to be problems.
Comment by Elle B. on July 29, 2009 at 3:05pm
I've never even noticed the trend, but that's exactly how the relationship between me and my soon-to-be-ex was. I was the saver....and he definitely enjoyed spending what should've been saved. This became so much of a problem (but we had many other trials as well, but this was defnitely one of the major ones) that I had to let him go. As a young woman who had no problem working two jobs during pregnancy and while attending college full-time, I felt like if he couldn't make, spend, or save his money wisely although making a great bit more than I..and still coming up short...I had to let him go. I refuse to raise an adult male* (*note all adult males are not grown men), and if a child really doesn't make him realize the importance and the necessity of shared responsibility ...then nothing else will either. But when he loses everything...sometimes..perspective is gained and priorities shift. Don't get me wrong...it wasn't all about finances, but that was definitely one of the straws that broke the camels back. But then again, like r. kelly said.."when a woman's fed up, there ain't nothing you can do about it".


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