FREQUENTLY ASKED QUESTIONS
What is a Daily Money Manager?
A daily money manager (DMM) provides assistance to clients who are busy or have difficulty managing their personal financial matters. Examples of the kinds of services that DMMs provide include: bill payment, check writing, bank account and credit card reconciliations, preparing budgets, filing medical claims, and organizing tax records. The scope of services provided varies, based on each client’s individual needs and desires.
How do you charge for your services?
After a free initial consultation, fees are charged on an hourly basis plus a travel fee. We bill on a monthly basis and payment on invoices is due within 30 days. Everyday Money Management saves clients time and money, particularly those who find themselves paying late fees for overdue bills or bank charges for overdrafts.
Will I lose my independence if I hire Everyday Money Management?
No. Our services help our clients remove the stress and anxiety of managing financial and health insurance paperwork, but clients or their legal agents retain total control and final authority. By removing the frustrations often associated with managing mail, paying bills on time, or tracking medical claims, our clients enjoy a renewed feeling of freedom and independence.
By working with Everyday Money Management, do I have to give up control over my accounts?
No. Our clients retain complete control (including signature authority) over their bank accounts.
If I hire Everyday Money Management, do I still need other legal, investment, or financial professionals?
Yes. Everyday Money Management does not provide tax, investment or financial advice. We work together with (not in place of) these other professionals. Everyday Money Management will act as your advocate and serve as a liaison between you and your attorney, accountant, insurance agent, bank/brokerage firm, and financial advisor.
Will I have the same Daily Money Manager visiting me each time?
Yes. Your daily money manager is dedicated to serving you and will be at every visit, except in times of illness or vacation when another member of the Everyday Money Management team will gladly step in to help.
Are you insured?
Yes. Everyday Money Management is fully insured, and our employees are bonded.
All client relationships are always strictly confidential. We do not exchange, distribute, or share any information we receive from our clients with any third party, unless our client authorizes us to do so. We keep confidential information under lock and key and password protected. We take privacy seriously and regularly review our internal processes and technology infrastructure to ensure maximum protection for our clients.
How do I get started with Everyday Money Management?
Call us at (301) 801-2294 or fill out our online contact form. During your free initial consultation, we will explore which of our services may be helpful to you once we learn about you and your needs. We are happy to assist you with some or all of your financial needs, depending on your level of comfort.