*What is Daily Money Management?*

Daily Money Management is a relatively new service, which addresses an issue facing many senior citizens: handling paperwork that seems to expand endlessly. Seniors frequently become overwhelmed with the amount of medical statements and other mail they accumulate in a short time. Insurance and medical statements are often confusing–or even contradictory. This leads to frustration and anxiety on the part of the senior. Daily Money Managers can help to alleviate these concerns by monitoring and keeping up the senior’s accounts and bills.

*What services does a Daily Money Manager offer?*

Daily Money Managers (DMMs) provide personal business assistance, usually in the client’s home. They offer an array of services, which includes balancing the check book(s), writing checks to pay bills, and keeping accurate records of all checks written and all deposits made. This kind of record keeping provides peace of mind for the client and, in some cases, for their family. Knowing that bills are paid and assets and income are being used appropriately is essential for seniors and their families.

 

Read the article: How To Get Help Managing Money for Seniors. in the Positive Aging Sourcebook