Choosing a Daily Money Management Provider

  • On : April 24, 2015

A daily money management provider help ensure that you’re able to track where your money is going, and stay on top of your bills. DMM is a vital consideration for every American today, from seniors to college students to young parents to military service members. However, not all daily money management providers are the same. Some stand out from the crowd for quality and comprehensive services, while others should be avoided. What should you look for in a trusted DMM partner?

Key Factors in Your Decision

Your choice in DMM services is very important. The right company will providing outstanding services and quality, while the wrong firm can put you in an even worse financial situation. There are several hallmarks to look for in a DMM company worth your time.

First, consider the length of time the company has been in business – a good track record demonstrates that the company is doing something right. You should also determine what the company requires in terms of education for their daily money managers. Professional affiliations and relationships are important too – connections to organizations like FICPA, AADMM and AICPA are vital.

Of course, you should also ensure that the DMM company you choose offers the right services. Some of the services that should be available to you include:

  • Auditing credit card statements for discrepancies
  • Negotiating with creditors
  • Filing and organizing bills and other financial statements
  • Budgeting
  • Paying bills on your behalf
  • Balancing your checkbook to ensure that you always know exactly how you stand

At Baker DMM, we’re proud to offer these services and many more. We have a long history of success with our clients, and have strong ties to industry organizations. We’re proud to serve clients from all walks of life and all financial situations. Contact us today to learn how our DMM services can help you.

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