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November 2003 - Till Debt Do Us Part

Till Debt Do Us Part

☳ by Adam Aspilla

Recent U.S. government statistics indicate the divorce rate in the United States has reached a historic high. It is now estimated that over half of all first marriages will end in divorce. In 1995, there were about 2.4 million marriages and 1.2 million divorces.


The average marriage lasted less than seven years, and nearly two out of ten marriages ended before the third anniversary (U.S Bureau of Census, 1995.)


Some of the causes of divorce are marriage expectation, personality issues, communication, conflict resolution, leisure activities, sexual expectations, children and parenting, family and friends, role relationship spiritual beliefs and of course financial management.


Money raise up a number of emotions, among them lust, envy, fear, anger, hope, scorn and sometime disgust. In fact, the most common source of disagreement in families in the United States is money.


About 37 percent of all married couples in U.S. say that the number one problem in their marriage is money. Without budget, the couple tends to spend more that what they earn.


Budgeting does not mean having less money to spend; it means doing more with what you have. Trucking and managing your finances will result in peace of mind and a more comfortable and secure lifestyle.


Budgeting your income does not however, always solve your financial problem, because without self discipline, budget does not work. Discipline means you have to suppress your desire to buy items that are not in your budget. This could be done only with the agreement and cooperation of your spouse.


The above statistics are not only true in the United States but also in Canada. In fact, I have known many couples you were separated or divorced because of the issue of money (debts). If left unresolved, the couple’s marriage vow of till death do us part will be rightfully change to till debt do us part, which are already happening to million of married couples.


Paraphrasing David H. Olson, Ph. D. author of Prepare/Enrich Counselor’s Manual, he says that many couples do not have the communication skills necessary to solve their problems (causes of divorce listed above), therefore, there is a need of counseling to couples who are preparing for marriage as well as those who are experiencing marital difficulties. This counseling of course include financial management.


Incidentally, the writer after completing training/ worship at Tyndale University College and Seminary sponsored by Enrich Canada Inc. is authorized by Enrich Canada Inc. to administer its Marriage Counseling Program with the aid of objective computer analysis. You may avail of the said counseling through Word Became Flesh Ministries. Telephone: 9054527708. 


Adam Aspilla is a Senior Financial Counselor of the Debt Clinic of Canada Inc. and the author of the book, You Can Negotiate All Your Debts. He also writes a biweekly column, “What Matters In Life” in “Taliba Newspaper. For free initial, professional and confidential consultation, please call 905-306-7572.