Experts say that the chance of getting divorced is 39%, which is a drop from the previously cited statistic of almost 50%. However, divorce is still relatively common, and when it does happen, it can be difficult to handle emotionally as well as financially. In Ohio or elsewhere, certain financial mistakes may make the divorce process even more challenging.
Your retirement plan is simple: You're lucky enough to have a pension plan, and it's going to pay you enough money to live comfortably. As such, rather than saving for retirement, you have put your earnings into things like paying off the house, paying down your debt and buying the assets you need. Your goal is to have everything in order so that your budget works when you retire and your income changes.
Money remains the top thing that married couples argue about. For this reason, it may not come as a surprise that conflicts related to money are often a reason why people decide to divorce. Here is a look at a couple of money-related issues in particular that are causing many couples in Ohio to break up.