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.

How people feel about Baker DMM:

“Baker DMM provided me with a comprehensive look at my personal financial situation. Establishing a budget and receiving their monthly financial reports were invaluable to me. I now have a concrete plan for managing my cash-flow more efficiently and will be able to better handle my personal finances moving forward.”

Mike Davis
Commercial Real Estate Services

“Baker DMM has been a tremendous resource in helping us organize our financial affairs, think about our long-term goals, and move in the right direction to achieve those goals. We are very grateful to Baker DMM. Chris Baker is a fair, honest, and diligent professional and who always made himself readily available if we had questions. We will continue to recommend Baker DMM to family and friends.”

Farah Hottle
Senior Consultant at Vaco Resources

“Baker DMM took the time to clearly understand what I was looking for. They were right on target with the following: 1.) Understanding my needs 2.) Making sure I knew what to expect during the engagement 3.) Being on-time completing the project 4.) Above all, they followed up with me to make sure they completed the work to my satisfaction and explained and presented the completed work to me.”

Vice President, Financial Services

“I have had a professional working relationship with Chris for the past 5 years. He is a person of unquestionable integrity who is dedicated to producing quality work while maintaining a professional, yet personable, relationship with clients.”

Jeff Pruet
Compliance Manager, Bluelinx Holdings, Inc.

Baker DMM Daily Money Management Services and Financial Caregiving for Seniors Financial Caregiver Badge

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.

  • Are you holding back on making time-sensitive decisions on behalf of an aging or ailing family member?

  • Do you have an action plan if you suddenly become a financial caregiver?

  • How will this new role impact your standard of living or alter your lifestyle?

At Baker DMM, all your questions matter so let’s get your answers now.

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