14 - Marriage Finances: How Financial Stress Affects Relationships

Money clearly plays a significant role in marriage and is the number one issue married couples fight about. Financial problems are one of the leading causes of divorce which is why it’s so important that you address problems that arise. There’s no one right way to run your household finances. Some couples have separate accounts, some joint, and some work out a combination. But whatever way you decide to manage your money - having good lines of communication is paramount. 

In today’s podcast, Licensed Insolvency Trustee Derek Chase discusses how financial stress affects relationships. 

• What are the warning signs that there may be trouble ahead
• How financial counselling can be used as a teachable moment for everyone in the family
• Practical advice around talking about money
• Bringing the whole family into the conversation about their needs versus wants

If you are dealing with unmanageable debt that’s affecting your relationship, it may be time to reach out to a Licensed Insolvency Trustee. They are federally regulated and are the only debt professionals with access to all debt relief options. 

Derek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted.  

• Licensed Insolvency Trustee - Bankruptcy Trustee BC: Derek Chase & Associates
• Debt And Divorce: What Happens To Marital Debt During Bankruptcy
• Credit Counselling BC: Debt Counselling, Monthly Budgeting & Other Services