Breaking up is hard to do—and even harder on your bank account. A shocking new study reveals the eye-watering financial toll of ending a relationship, with some couples losing over £5,000 in the aftermath.
The Price of Heartbreak
Researchers found that the average breakup costs £1,600, but this figure skyrockets for those who were living together or married. From dividing assets to finding new accommodation, the expenses quickly add up.
Where the Money Goes
- Housing: Moving costs and new deposits account for the biggest expense
- Legal fees: Divorce proceedings can cost thousands
- Shared assets: Splitting furniture, pets, and even friends has hidden costs
- Therapy: Many seek professional help to cope
Protecting Your Finances
Financial experts recommend these steps to minimise the damage:
- Create a clear inventory of shared assets
- Consider mediation before litigation
- Update all financial accounts and passwords
- Build an emergency fund during the relationship
While no one enters a relationship expecting it to fail, being financially prepared can soften the blow if things go wrong. As one financial advisor put it, "Love may be priceless, but breakups certainly aren't."
