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Daily Money Managers
What Is A Daily Money Manager (DMM)?
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A Daily Money Manager is someone who helps you take care of your day-to-day money management and personal business needs.
Daily Money Managers usually:
- Keep track of financial and medical insurance papers.
- Pay bills and communicate with creditors on your behalf.
- Balance your checkbook and maintain bank records.
- Prepare and deliver bank deposits.
- Organize tax documents.
- Read medical insurance papers and verify proper processing of claims. (See also: Hiring A Claims Professional.)
- Provide referrals to other financial professionals.
- Arrange for in-home care and medical appointments.
- Provide information regarding community resources.
Some Daily Money Managers can also:
- Notarize documents.
- Provide or arrange for transportation to and from appointments, including medical appointments.
- Help with moving arrangements.
- Act as a power-of-attorney.
- Handle paperwork related to employees in your home.
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