Daily Money Manager

5 Ways to Protect Older Adults from Fraud

5 Ways to Protect Older Adults from Fraud

Older adults are often targeted by scammers and fraudsters, who prey on their vulnerability and trust. These scams can have devastating financial and emotional consequences and rob them of their hard-earned savings. As such, it is vital to take steps to protect older adults from becoming victims of fraud. In this article, we will outline some consumer protection steps that you can take to help protect older adults from being victimized. Step 1: Educate older adults about common scams…

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Helping Seniors Live Independently

Helping Seniors Live Independently

Many seniors prefer to remain in their homes and maintain independence as they age. With the proper support, seniors can live comfortably at home for a long time. Try these tips for helping seniors live independently. How a Daily Money Manager Helps A Daily Money Manager (DMM) can assist seniors in managing their finances, including tasks such as paying bills, managing bank accounts, budgeting, and keeping records.  Daily Money Managers also work with other professionals, such as financial advisors,…

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Organizing Your Finances

Organizing Your Finances

Organizing your finances is more than having a budget. It's having financial goals, a plan, and understanding where the money you earn goes every month. You need to organize your finances if you're ready to get out of the cycle of living paycheck to paycheck and maxing out your credit cards. These steps will help you get started. Disclosure: This post may contain affiliate links, which means we may receive a commission if you click a link and purchase…

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Helping Seniors Prep for Tax Season

Helping Seniors Prep for Tax Season

As a daily money manager, January and February are dedicated to gathering and organizing tax documents for my clients. So if you're helping a senior in your life prep for tax season, here's what you need to know. Watch the Mail During January and February, important tax-related documents will arrive in the mail. While you may be able to set mail aside to deal with later during most of the year, the first two months of the year, you…

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Helping Seniors with Mail Management

Helping Seniors with Mail Management

Even under the best of circumstances, managing mail can be challenging. Of course, junk mail is a big culprit, but for seniors, leaving piles of mail unattended can also mean bills go unpaid and important information is missed. These tips on helping seniors with mail management can bring order to the chaos.Stop Junk MailIt's impossible to stop all of it, but you can cut it back quite a bit. Our blog shows you how to do it.Set Up a…

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