We present a limited commitment framework of household behavior in which households make decisions regarding labor supply, divorce and housing demand over their lifecycle. We identify and estimate our structural model using exogenous variation in female labor supply and divorce rates due to the White v. White reform in England. We show that credit market policies affect the value of marriage compared to singlehood and consequently intra-household allocations and household decisions. We conduct several policy simulations changing theease of credit market access to illustrate. We show how accounting for divorce and intra-household allocations matters to conduct welfare analysis of such policy changes.