At many points in life, the daily money manager in your life was probably you. Balancing a checkbook, paying bills, dealing with medical and insurance paperwork, and depositing money can take up a lot of time. You’ve done it, have been doing it. A daily money manager takes over these activities, and a few others, to save you time and help you manage your finances.
How Can a Daily Money Manager (DMM) Help Me?
Daily money managers provide assistance to people who can’t manage their monetary affairs for a variety of reasons. In many cases, their clients are elderly. Arthritis, mental degeneration, vision loss and other conditions can make it hard for the elderly to manage their own finances even though they’ve successfully done so until now. Sometimes, elderly clients are so busy enjoying their retirement, they no longer want to spend their time dealing with the minutiae of daily money management.
Daily money managers also provide assistance to adults who are too ill to manage the financial and medical paperwork or adults whose careers leave them too pressed for time to do so effectively.
Finally, daily money managers are often employed by people with high-value assets. Typically, assets are spread across many income streams. Keeping track of all the paperwork for the numerous accounts can be overwhelming. Daily money managers help keep it all organized and track income and expenditures.
What Other Professionals Will I Need if I Hire a DMM?
DMMs are not certified accountants. They are not equipped to help you plan for retirement, prepare your taxes or make legal decisions. If you need the help of professional services your DMM can’t provide, they usually have connections in those fields and can refer you to a trustworthy provider.
DMMs work with these associated professionals to help you manage your insurance and financial matters. For example, your DMM will maintain your financial records. At tax time, you’ll be able to hand all your neatly organized paperwork over to your accountant. Once your taxes are complete, your DMM will make sure they’re signed, that any necessary checks are attached and that they’re filed on time.
To learn more about how a DMM can relieve you of many of the daily money management tasks, visit the American Association of Daily Money Managers. To see which DMM services I offer, please visit my website, then contact me to let me know how I can help you.
Spring is finally in the air and that means spring cleaning. As you scour your home and rid it of the dust and debris that’s built up over the winter, keep an eye out for items you can donate. Most people only think about charitable donations of goods during the holidays or if there’s been a crisis covered by the local media. Those organizations need help all year long. Here’s a few ideas of things you can collect and donate during spring cleaning.
Switching out winter clothes for warm weather clothes is a big task. As you’re piling up your seasonal clothes to pack away and unpacking your warmer weather clothes, pick out ones you don’t wear any more. Whether it’s because you no longer like them or they don’t fit organizations like Goodwill, the Salvation Army and local thrift shops will be glad to have them. And the people who ultimately wind up wearing them will be grateful for clothes they can afford.
Many people make use of spring cleaning to clean out their cabinets and pantries. Over the winter you’ve probably stock piled cans of soup, bags of rice and boxes of pasta. To make room in your pantry for springtime food, put together a shopping bag of non-perishable food items you can donate. Your local soup kitchen has to feed people all year, not just at Thanksgiving and Christmas when turkeys come flying in from generous donors.
For many people spring cleaning also means revamping. New throw rugs, furniture or wall décor often make their way in. Instead of bringing those gently used items to the dump, consider donating them to a local thrift shop or organization like Goodwill, Savers or the Salvation Army. Many people are looking to change their décor, but can’t afford to replace everything with brand new items. Your gently used items will be given new life in their homes.
Kitchen Gadgets and Appliances
If you toss your junk drawer(s) as part of your spring cleaning process, you’ll likely come across many items that are great for donations. That extra peeler, the coffee mugs you haven’t used in years, the stack of food storage containers stuffed in the back of a cabinet taking up space…these are all great items to donate. Organizations like Traders and Goodwill will be glad to have them to pass on to someone who will use them.
Have you been storing half empty paint cans or sections of duct work or wood? Spring is the time to get rid of them. When you donate these items to places like Habitat ReStore, your leftovers become the key to someone else’s refurb project.
Donating items during spring cleaning is good for you and your community. It can feel overwhelming to add donating items on top of the work you already have to do to clean. That’s okay – I’m here to help! Contact me to get started on cleaning your house and donating items to organizations that need them.