Terry Savage, Michele Lowrance and Gemma Allen co-wrote “The New Love Deal,” a book about modern relationships. (Abel Uribe, Chicago Tribune)
I remember when it was really rogue to be unmarried and living together. Now, 51 million U.S. households are headed by unmarried couples, according to stats provided by three Chicago women who are experts on the topic, and they wrote a book about it.
The authors add that 40.6 percent of all U.S. children are born to unmarried mothers, of whom half are living with the child’s father.
“THE NEW LOVE DEAL: Everything you MUST know before Marrying, Moving In, or Moving On” (June 2014, $16.95) has it all. Who writes it? Gemma Allen, a family law attorney; Judge Michele Lowrance, a domestic relations judge and mediator; and Terry Savage, a financial writer and money adviser.
The trio offers some serious advice on the financial and emotional consequences of living together as opposed to getting married. But they also offer some entertaining and easy ways to plan for your financial future whether you are living together or getting married. They address everything from prenups to stay-at-home spouses/partners.
The trio remind cohabitants to discuss daily living expenses, bank accounts, bill payments, housing arrangements — mortgage and rental agreements can be sticky, and what happens if a couple splits? All of this can affect credit history. And, it gets more complicated for long-term living arrangements and if children are involved.
Here’s an article about the authors from the Chicago Tribune. Great stuff from three women who have the expertise to share. Thanks to Tess Woods from Tess Woods PR for sharing the news.
Pam Parker is the editor of Lake Erie LifeStyle, Her Times and House to Home at the Erie Times-News in Erie, Pa. She is the mom of three, stepmom to three and GramPam to two step-granddaughters.