June 10, 2009
Money is the number one reason why couples say they get divorced. The country’s current financial crisis has resulted in more and more couples getting buried in a landslide of debt, which takes its toll on a marriage. Is your marriage on the rocks because of debt?
Ready to Walk Away
After 10 years of marriage, Pam and Chris are facing a financial disaster. They’ve racked up over $624,000 in debt, are about to lose their house and are on the brink of divorce. Pam blames Chris for 75 percent of their deficit. Should she have seen the warning signs before they got married?
All His Fault?
Pam says she’s frustrated over the many household projects that Chris has spend thousands of dollars on, but has never finished. She also points the finger at Chris’ adult daughter whom he allows to live with them rent free.
Pam is heartbroken that they may lose the house that she bought before she married. And now that she stands to possibly inherit money, she says she wants a divorce so Chris can’t get his hands on it. Personal finance expert Amelia Warren Tyagi breaks the news about what will happen to that money, and why filing for bankruptcy may not be the best option for Pam and Chris.
A Marriage in Ruins
Pam and Chris’ overwhelming debt is not the only struggle in their marriage. Chris says his wife has not been intimate with him in five years. Pam says she’s not attracted to her husband.
All Your Worth: The Ultimate Lifetime Money Plan
by Amelia Warren Tyagi