Daily Money Manager Archives

5 Ways to Protect Older Adults from Fraud

Post category:Seniors & Caregiving
Post last modified:August 22, 2024

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 for you to take to help protect older adults from being victimized. Step 1: Educate older adults about common scams…

Helping Seniors Live Independently

Post category:Seniors & Caregiving
Post last modified:June 19, 2024

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 Seniors Live Independently 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…

Organizing Your Life Documents: A Guide to Keeping Important Information in Order

Post category:Organizing
Post last modified:October 29, 2024

Life documents, such as medical records, legal documents, financial documents, and insurance information, contain crucial details about your life that may be needed in various situations. It's important to keep these documents organized and up to date to ensure easy access when needed. In this article, we will discuss the different types of life documents and provide tips on organizing your life documents. Disclosure: This blog may contain affiliate links, which means we may earn a commission if you…

Organizing Your Finances

Post category:Personal Finance
Post last modified:October 16, 2024

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…

Helping Seniors Prep for Tax Season

Post category:Seniors & Caregiving
Post last modified:June 10, 2024

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…