Lois Kulinsky & Associates, Ltd.
Contact Us Today For a Free Consultation
View Our Practice Areas

Report: Money issues early in marriage can predict divorce

There are several reasons that people in Illinois may start thinking about ending their marriages. For some, a divorce is the result of a difference of opinion over having children. For others, money may play a large role in marital problems. In fact, according to a recent survey, financial issues may play a key role in the dissolution of a marriage.

In 2012, a researcher from Kansas State University found that among the predictors that indicate a marriage may end in divorce, arguing about money early on is the biggest. One of the reasons behind this, according to a financial consultant, is that finances can be an emotional issue. A counselor also noted problems arise when couples have differing views on how to mitigate unexpected expenses, a difference of a opinion on wants and needs or experience the frustration with being unable to put money in a savings account.

One Illinois couple decided to take action before they tied the knot. Prior to getting married, they trimmed their budget where they could and opted to rent their living space until they felt they were in a good place to buy a home. A report released by Experian Consumer Services shows that more people are discussing money before they get married now compared to before the 2008 recession.

Not only may discussing finances ahead of time preserve a marriage, but it could also play an important role in property division following a divorce. People who do find their marriages are ending should consult with an attorney in order to protect their best interests.

Source: The Republic, "Illinois Exchange: Money has ended marriages, so copules discuss finances before saying 'I do'," Emily K. coleman, July 20, 2014 

No Comments

Leave a comment
Comment Information
  • The Chicago Bar Association
  • Lake County Bar Association | 1912
  • 10 Best | 2015 - 2019 | Attorney Client Satisfaction | American Institute of Family Law Attorneys
  • Illinois State Bar Association
  • DBR | Chamber of Commerce | Deerfield | Bannockburn | Riverwoods

Tell Us About Your Experience

Review Us
Email Our Attorneys

Contact The Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Wheeling Office
395 East Dundee Road, Suite 200
Wheeling, IL 60090

Phone: 847-459-4448
Fax: 847-459-8548
Map & Directions

Libertyville Office
611 S. Milwaukee Avenue, Suite 4
Libertyville, IL 60048

Phone: 847-281-0200
Map & Directions

Buffalo Grove Office
355 W Dundee Rd
Suite 100
Buffalo Grove, IL 60089

Phone: 847-459-4448
Map & Directions