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Divorce for Female Entrepreneur

5 Causes of Divorce for Female Entrepreneurs & How to Save Your Marriage

Divorce for Female Entrepreneur

 

The life of an entrepreneur is an exciting one. Female entrepreneurs learn to be tech-savvy, hone interpersonal skills, and manage money as they build their business. But there is one downside to the entrepreneurial life that is all too common for married businesswomen. Getting a divorce!

Building an empire (even if only from your living room) is fantastic, but your spouse may not always feel that way. Statistics show that for every 1000 US women, 16 will end up divorced each year. These are not great odds for those looking to marry their forever person.

So, what about a strong female pursuing her professional dreams? Does her professional aspiration put her marriage in jeopardy? These are the 5 most common causes of divorce in entrepreneurs and 3 steps to take to make sure your marriage stays strong and healthy as you follow your dreams.

5 Causes of Divorce for Female Entrepreneurs

1. Not Enough Quality Time Together

Women entrepreneurs are passionate and feisty so it’s no surprise that they put their whole being into building their businesses. But sometimes this passion comes at the cost of their marriage.

Research indicates that couples need a 3:1 ratio of happiness to succeed in marriage. And when are couples most happy? Studies say it’s when they are spending quality time together. In fact, survey results revealed that couples experience a boost in happiness and a decrease in stress when they are spending alone time together.

When you are putting all of your strength and energy into your business, there’s little left at the end of the day for your spouse. Not spending quality time together can be a real relationship killer.

2. Added Stress

As wonderful and exciting as marriage is, it can also be an incredibly stressful experience at times. In-laws, maintaining a romantic connection while raising a family, buying a house, and other ins and outs of your daily routine can sometimes feel overwhelming.

Now, on top of all of these normal aspects of marriage, throw running your own business into the mix and you’re in for some stressful times ahead.

When couples don’t form a strong partnership as a unit, this stress can drag the relationship down.

3. Financial Worries

One study surveyed 748 instances of conflict between 100 different couples and found that money was the most repetitive and salient topic they argued about.

This survey highlights how tricky the topic of money can be in a marriage. Especially if you don’t have enough of it. Research shows that low-income couples are more likely to be affected by stress and mental health issues than other couples.

Starting your own business is certainly an adventure, but it’s also a big risk. Working for yourself, especially if you are just starting out, means that you won’t have a steady income for quite some time. You may not even be able to take a paycheck for several years.

Not only does this put a strain on your household finances, but it may also force your spouse to become the breadwinner of the family. They can cause resentment and anxiety to form within the marriage.

4. Not Leaving Work at the Door

One of the biggest problems for both men and women entrepreneurs is the inability to create a work-life balance.

Because you work for yourself, there is no way to “clock out” of your job. Getting back to work after a long day is as simple as picking up your smartphone and answering emails. This behavior is great for your business and bad for your marriage.

In a survey of 308 adults, 46.3% admitted to feeling ignored when their partner is on their smart device. This “phone snubbing/phubbing” practice has been shown to lower relationship satisfaction.

Furthermore, studies show that spending too much time on your smart device and social media can threaten real-life communication, even with family and close loved ones.

5. Lack of Stability

Research shows that 90% of startups will fail. This is a frightening fact for most entrepreneurs, not to mention their spouses.

When most people get married, they expect a certain standard of living. That isn’t to say they expect to sleep on a bed of hundred-dollar bills, but they want to come home to a loving spouse, perhaps buy a home or start a family together.

But when married to an entrepreneur, there is no stability. There are no set hours for work, no guarantee that they will be there to support the household or engage in family life.

What a Marriage Needs to be Successful for Female Entrepreneurs

There is no such thing as a perfect marriage. All couples are bound to go through some lulls throughout their relationship, but this doesn’t mean your love is destined for divorce.

Here are 3 key tips for keeping your marriage alive as a female entrepreneur.

1. Open Communication

In a survey of 886 troubled couples, 53% admitted a lack of communication as one of the most common reasons for filing for divorce.

This statistic highlights the importance of talking openly and honestly with your spouse.

Communication is the basis of every strong relationship. Not only does communication help couples get to know one another better, but it also helps partners avoid miscommunications and grow closer.

If you are going through a stressful time trying to get your business off the ground, don’t shut your partner out. Talk to them about what you’re going through. This will help them understand your emotions and behavior. When your spouse knows what’s going on in your life both emotionally and otherwise, it also gives them an opportunity to show you their love and support.

2. Putting the Marriage First

For women entrepreneurs, their business is their baby. They would do anything to care for it and ensure its success in the world.

Many times this passion and drive to put the business first causes entrepreneurs to put their spouse on the backburner.

Not being a priority can make a spouse feel hurt, betrayed, and neglected. This can lead to serious relationship problems.

Don’t let your business come before your spouse. Or at the very least, make sure they are on equal footing.

3. Quality Time Together

Having a regular date night will strengthen your marriage for years to come. Research conducted by the National Marriage Project found that there are both emotional and physical benefits to spending quality time with your spouse on a regular basis.

The research results showed that couples who practice date night one or more times a month experience more eros in their relationship. Eros refers to the romantic love that we often feel during the beginning stages of a new relationship that creates excitement, overwhelming attraction, and passion for each other.

A regular date night also strengthens commitment and reduces stress in a marriage. The study goes on to say that couples will also experience an increase in sexual satisfaction and that “spouses who experience high levels of couple time are significantly less likely to report that they are prone to divorce.”

Women entrepreneurs put their heart and soul into building their businesses. This is great for your professional life, but don’t let it be a drain on your marriage. Make time for your spouse, learn to create a work-life balance, and communicate openly. These keys will help you avoid the curse of entrepreneurs – divorce.

The post 5 Causes of Divorce for Female Entrepreneurs & How to Save Your Marriage appeared first on Divorced Moms.

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10 Easy Ways to Save Money After Divorce

10 Easy Ways to Save Money After Divorce

Let’s Make Your Life Financially Easier

The post 10 Easy Ways to Save Money After Divorce appeared first on Divorce Magazine.

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save money as a single mom

12 Ways to Save Money as a Single Mom

save money as a single mom

 

Raise your hand if you’re a single mom and you want to know how to save money. Budgeting can be expensive for two or more if you’re the only breadwinner.

It can be overwhelming to manage your funds, especially if you have no idea where to start. But the good news is that we have heard your prayers and we’ve got 12 tested ways to help you as a single parent save money.

How to Save Money as a Single Mom:

1. Sort your Bills

An enormous number of bills can be overwhelming to sort through if you let them pile up. It’s wise to organize your bills according to criteria so that you know the exact amount that you owe and to whom. Try and pay off each bill as they come so that you don’t get tied down with paying a bunch of them at once.

2. Recognize the Bad Egg

Remember that gym subscription that you really wanted and never used? Or that arts and crafts class that your child despises? Let’s face it, they’re a waste of money.

It’s very important to know the difference between something that adds value to your life and something that is just siphoning your money away for no good reason.

Sorting out the bad from the good, and closing accounts or ending subscriptions that you don’t lose can save you plenty of money in the long run.

3. Budgeting 101

Budgets? They’re boring but necessary. Keeping your monthly spending in check can be tough but its a great way to keep an eye on what you’re spending, as well as what you can cut down on.

You can start small with budgeting. It’s wise, to begin with, a weekly budget, and once you get a hold of it, monthly ones will be easy-peasy.

4. A Savings Account Saves the Day

Savings accounts don’t sound appealing because you only live once right? Wrong. With a child, you need to be able to prepare for a rainy day. You never know when you may have to splurge on a new uniform or an unexpected doctor’s visit.

Set aside an amount each month that you can afford to save and set up a direct deposit or standing order to transfer it into your savings. Within a few months, you’ll already have a sizeable amount you can rely on in times of crisis.

5. Paid Bills and Overdue Smiles

Have you been missing out on time with your kids because you’re too busy paying bills?

Mothers, don’t sleep on your bills. Rather pay them off immediately if you have the option as this will maintain a good credit record. It will also give you a sense of freedom and more quality time with your kids.

6. Don’t Borrow Liabilities

Loans become a necessity when you have growing expenses. As a single mother, there are responsibilities that you have to carry out and borrowing can be inevitable.

However, only borrow what you need and not what you want. If you can’t afford a new dress or a new coffee machine, don’t buy one until you can. Loans should only be for absolute necessities.

Make sure that you have read the small print and know all the terms and conditions about interest rates, deadlines and the source you are borrowing from.

7. Solo is your New Yolo

Joint ventures may have been a good idea but so is cutting ties when it no longer serves your purpose. Opting out from all joint ventures, such as joint bank accounts, with your ex should really boost your savings and leave you plenty of breathing room.

We know its hard to manage everything on your own, but it’s not impossible.

8. Low Prices Exist

As a buyer, you are obliged to pay whatever the price tag says. But you don’t have to pay the first price you see.

You can hack your growing spending in the craftiest of ways. Online platforms are amazing if you just take some time to see what’s on offer.

Using price comparison websites and doing research online can bring up all sorts of deals on the same or very similar products. See what’s out there before you commit to the first price.

9. Thrifts are Canny

Second-hand shops aren’t really for everyone – especially with the raving fascination for Gucci and Prada. However, stylish doesn’t have to mean expensive.

You would be amazed at the awesome clothes and other accessories you can find in thrift stores for you and your kids at hugely discounted prices. Once you go thrift, you never go back.

10. Meal Prep and Weekends In

Eating out is convenient and tempting, but cutting down on these little dinners out can save you loads of money. While cooking in and preparing meals can take a hefty amount of your time, it’s rewarding and you can be sure of what you and your kids are putting into your bodies.

Both your health and your purse will benefit.

11. Discounts and Coupons are Class

Discounts and coupons are a lifesaver when it comes to saving money as a single parent. Collecting them and being on the lookout for promo codes can be economical.

Keep an eye out for coupons in store, in magazines and online coupons to get discounted prices on groceries, clothing and even haircuts.

12. Honesty is the Best Policy

As an adult, it’s your job to provide for as well as discipline your kids Be vocal and firm about saying no to your kids. Explain the importance of savings to your child. The best way to save some cash is through communication and teamwork.

Final Reflection

Getting your finances in check as a single mother can be really tough at first. Whether you are a newly single mom or have been for a while, budgets and healthy finances are the new normal.

The most important way to start is by setting small goals, motivating yourself and not surrendering to temptation.

It will be hard but with trial and error, you definitely can and will rock the life of a money-savvy single mother with a little perseverance.

The post 12 Ways to Save Money as a Single Mom appeared first on Divorced Moms.

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