Daily Money Management*

A Daily Money Manager (DMM) is a financial professional who provides personal financial services to individuals and families, and who manages personal daily money matters such as bills, budgets, record keeping and much more.

 The expertise of DMMs covers a broad range of tasks. The actual work they do depends on client need; however, the scope of personal financial services generally includes:

• Bill paying, including calls to payees regarding incorrect bills and preparation of payments for client approval.

• Reconciling checking accounts and investment statements.

• Preparing and making bank deposits.

• Organizing tax documents.

• Negotiating with creditors.

• Reviewing medical insurance papers and verifying proper processing of claims.

• Providing general organization of financial papers and systems.

• Referring clients to legal, tax, and investment professionals and to community resources.

* Aurelia Duke is a member of the American Association of Daily Money Managers (AADMM)