How to Avoid Tricky Financial Problems In Marriages

With money being such a difficult topic to address, couples can benefit from practical strategies to help defuse common financial flash points.

A heterosexual couple in a suit and wedding gown hold a piggy bank together.
(Image credit: Getty Images)

One thing I learned when writing about gray divorce is that money is often a factor in later-in-life divorces, but not always how you would expect. Even though women may take a big hit money-wise when they leave a long-term marriage, they sometimes file for divorce anyway because they chafe under the financial control of their spouse. 

Financial control is one of a number of money hot spots that flare up between couples. That’s because when it comes to money, opposites often attract. One of you may be a saver while the other is a spender. One of you tracks your cash with bean-counter zeal while the other can’t be bothered even to look at the bank or credit card statements. 

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Janet Bodnar

Janet Bodnar is editor-at-large of Kiplinger's Personal Finance, a position she assumed after retiring as editor of the magazine after eight years at the helm. She is a nationally recognized expert on the subjects of women and money, children's and family finances, and financial literacy. She is the author of two books, Money Smart Women and Raising Money Smart Kids. As editor-at-large, she writes two popular columns for Kiplinger, "Money Smart Women" and "Living in Retirement." Bodnar is a graduate of St. Bonaventure University and is a member of its Board of Trustees. She received her master's degree from Columbia University, where she was also a Knight-Bagehot Fellow in Business and Economics Journalism.