Daily Money Management 

Be in control of your finances

HOW A DAILY MONEY MANAGER REDUCES YOUR MONEY STRESS

WHO WILL BENEFIT FROM THOSE SERVICES?

Do you want to use the time for nicer things in your life than caring your money and the related paperwork?

Do your work life, your children, and free-time activities keep you too busy, so you never think about how much money you have and whether you could save something for future goals?

Do you wonder every month where all the money went, and if any unexpected spending is coming up you have to put it on your credit card?

Do you think you are not good at handling your money since you have never learned it?

If the answer is yes, a Daily Money Manager can help you! A Daily Money Manager can take many tasks out of your responsibility, so you can enjoy your life AND have your finances under control.

SERVICES OFFERED

You can choose from a variety of services:

  • Coordinating and overseeing bill payments: ensure timely bill payments, set-up automatic payments (e.g. for utilities), prepare checks for signature

  • Keeping your records and provide you regular reports so you keep the overview on you finances

  • Taking care of your household payroll

  • Implementing spending control: use a prepaid card with spending restrictions on the allowance

  • Balancing checkbooks and reviewing bank statements: check for unauthorized charges and potential savings (e.g. insurances, subscriptions, paperless billing)

  • Organizing and creating filing systems for all relevant financial information and documents: this provides input for CPAs, tax preparers, and Power of Attorneys

  • Sorting mail and controlling junk mail: handle bills and other mailed requests in time and destroy unsolicited offers

  • Setting-up and maintaining a budget: either electronically (e.g. Quicken) or on paper

  • Tracking all income and spending: either electronically (e.g. Quicken) or on paper​

  • Preventing fraud: review credit report and monitoring accounts for suspicious activities

In case you need assistance with managing your daily life (e.g. calendar, mail, special projects), check our offering of Personal Assistant services.

​​Note: I cannot replace your financial or investment advisors, accountants, or attorneys, but as Daily Money Manager I will work together with your existing financial team.

As a member of AADMM (American Association of Daily Money Managers), I have a clean background check and follow the association's Code of Ethics and Standards of Practice.

 

More information about Daily Money Managers in general:

HOW DOES IT WORK?

During a first complimentary meeting (approx. 30 minutes) we will get to know each other and I will get a detailed understanding of your situation and needs. I will explain how I could work with you and which services will help to improve your situation. If we decide to work together, we will sign the service contract and will be ready for the start.

Depending on your situation we will have weekly, bi-weekly, or monthly meetings. Meetings will be either in person or by phone or video call. Between those sessions, we will communicate by email, and I will do tasks remotely to support you. Note that during the first phase of our cooperation, we will have sessions more often to set-up everything.

Covid19 update (October16th 2020): To protect your health as best as possible, SDS Smart Daily Services is following the CDC- and OHA-guidelines for safe practices. The availability of face-to-face appointments is currently limited:

  • Portland metro area phase 0: Only remote services are provided

  • Portland metro area phase 1: Services are still provided remotely. If a physical visit during the initiation process for a new client is required, a client meeting following the guidelines for social distancing will be held.

  • Portland metro area phase 2: The preferred way of delivering the services is remote. Upon client request, a physical client meeting can be arranged, following the guidelines for social distancing. 

For more details, check the Coronavirus policy of SDS Smart Daily Services.

HOW MUCH DOES IT COST?

The billing rate for Daily Money Management services is between $75 and $85 per hour (depending on the payment method and amount of hours in the package purchased).

After the ramp-up phase, most of my customers have ongoing costs of $300 - $450 per month. Note that this depends on the individual needs and range of service, it can be less or more than this.

READ A CASE STUDY FOR MORE DETAILED INFORMATION

For a better understanding of the possible savings and benefits a Daily Money Manager brings, I have added three different case studies:

CHOOSE YOUR CASE STUDY

Sue & Mark: A married couple with two jobs, children, and not enough time to care about their money. They spending most of the money without a plan and don't discuss money matters together

Sarah: A woman after a divorce and starting her own small business. She has never worked with her finances.​

Alex: A single man with extensive overspending habits. He is spending all his money on gambling and for other purchases and creates a huge amount of debt.

YOU CAN BECOME SMART WITH YOUR MONEY! 

  • start planning your financial goals

  • save money and reduce debt

  • get rid of "money stress"

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