FAQ
Frequently Asked Questions
What is a Daily Money Manager (DMM)
Financial professional who provides personal financial services to individuals and families.
Manages daily money matters such as bills, budgets,record-keeping, bank reconciliation, and much more.
Who needs a DMM?
Older adults who no longer wish to handle or have difficulty handling their daily finances
People who are constantly on the road for work or pleasure
Busy professionals who prefer to pay someone to handle their daily finances
People going through a life transition may need temporary or long-term help with finances
Recent death of partner/spouse
Recent move to a smaller home
Someone going through illness or recovering from a medical procedure
At the hospital and away from home
Overwhelmed with dealing with illness and cannot keep track of finances and insurance payments/medical bills.
Recently separated/divorced individuals.
Assist with setting up/tracking shared expenses (education, medical, extracurricular, etc.)
Assist with setting up the parenting calendar
Other documentation/communication unique to divorce
Young adult/recent graduate that needs help setting up financial records, budgets, files, etc.
Do I give up my independence if I hire a DMM?
Quite the opposite – involving a DMM is often necessary for seniors to avoid loss of independence. The assistance of a Daily Money Manager provides peace of mind for you and your family. You maintain control but don’t have to do everything on your own.
What are the steps to get started?
An initial one-hour consultation to complete a needs assessment will be done at NO CHARGE.
Thereafter, services will be provided on a mutually agreed-upon schedule (weekly, bi-weekly, etc.)
Agreements are made based on an hourly rate, only pay for what you need. Clients are billed for travel time. Any out-of-pocket expenses incurred on the client’s behalf such as postage will be included with each invoice.