Daily Money Management (DMM) for Seniors
Father Time’s shown us over and over again: aging reduces physical and/or mental competency and introduces the chance of dementia and/or Alzheimer’s disease. These unwelcomed consequences of growing older are challenging, maybe even frightening at times, for both the senior citizen and their adult children.
Family members may find themselves thrust suddenly into the financial caregiver role, charged with protecting a senior loved one from financial fraud and safeguarding family assets. Baker DMM is a daily money management firm that was created for seniors and their caregivers. Let us help.
Are you new to the idea of a daily money manager? Wondering what they do? Very simply: we ease the burden of providing financial care for a senior loved one or friend. More specifically, a daily money manager is a third party trusted to:
Manage financial bookkeeping
Monitor for suspicious activity
Act as a Power of Attorney
Provide financial advice
Assist with vendors
Help pay bills
DMM for seniors is about integrity and fiduciary responsibility
Much like doctors, a daily money manager’s fundamental obligation is first to do no harm. By helping them retain their economic health, seniors are better positioned to age in place, with dignity and freedom, rather than relying on adult children or government agencies for assistance.
It’s also worth noting daily money management is not just for the elderly. High-level executives and business owners often seek a professional daily money manager to administer their personal or household financial tasks. Concerned family members may hire a daily money manager to protect the financial interests of a mentally-challenged or developmentally-delayed adult relative. We all pay bills. We all have monetary obligations. And someday, many of us will likely need help understanding and fulfilling those obligations. It’s never too early to interview a daily money manager.
Ready to at least consider how integrating a daily money manager can ease your load? Schedule your free Baker DMM initial consultation. You’ll talk, we’ll listen, and when we’re finished, you’ll have a genuine sense of how partnering with Baker DMM can impact your life.
Professional services aren’t commodity items; one does not hire a daily money manager the same way one buys shoes, fuel, or groceries. Baker DMM works diligently to make our services as affordable as possible so we can help as many people as possible. We offer both fixed rate or hourly rate services. Personal finances are exactly that: personal. No two clients have the same financial needs, and therefore no two clients generate the same costs. Whether we agree to a flat fee, or your tasks are more suited to an hourly rate, you’ll know the cost before the first payment. No surprises.
Baker Daily Money Management is your economic first responder...
... guarding against theft, reducing exposure to financial fraud, and protecting family assets. Our clients hire us on their terms, for limited or extensive services. As their financial advocate, our clients invite us into their homes or join us in our offices to assist them with everything from mail review to bill paying to long-term financial decision making. We’ll design your financial caregiving plan according to a proven, reliable process then flex it to meet your specific needs.
