5 Reasons Small Business Owners Should Delegate Bill Paying Responsibilities

Being a small business owner means you’re likely wearing multiple hats to ensure your business runs smoothly. From sales to account receivables to professional development and networking, as well as delivering the product or service your business provides, you’re busy! As your company grows, it’s time to take a step back and see what makes sense to keep on your plate, and what makes sense to outsource. One of those activities may be paying those monthly bills. Here are 5 reasons small business owners should delegate bill paying responsibilities. The desire to do it all... and why you shouldn’t Delegating work...

Social Isolation During COVID: How the Elderly Are Impacted During the Pandemic

It’s no secret that recent events have greatly impacted the elderly population. In addition to potential struggles with basic needs such as the ability to get groceries or medications, social isolation is often an issue that can go unnoticed with seniors. Learn how social isolation impacts the lives of seniors and how they can be helped. Why seniors struggle with social isolation during COVID While the pandemic impacted people of all ages and from all walks of life, seniors were disproportionately affected. Studies show that 78% of COVID-19 related deaths in the U.S. occurred among older adults age 65 and over....

How To Talk to Your Parents About Their Finances

As parents age, it’s up to the adult children to talk to them about their financial situation to ensure that important tasks are being handled and finances protected. However, talking money is always a delicate situation, and having the difficult conversation with your parents on how their finances are being handled can be exceptionally tough. Here are a few suggestions on getting the conversation started with your parents about their finances and how to handle the situation overall. Getting the conversation started When you notice that your parents are slowing down and finding simple household tasks such as paying bills difficult,...

How Bill Paying Professionals are Changing the Money Manager Industry

Money management services have come a long way over the years. It used to be that there were very few options for help managing day-to-day finances and bill paying services were all but non-existent. However, in more recent years, bill paying services are becoming more in demand by seniors, business owners, entrepreneurs, and others looking for help managing bill paying activity. See how bill paying professionals are changing the money manager industry and what that means for you. Bill paying services vs. daily money managers Though there is some overlap between the two, professional bill paying services are different than daily...

Why a Bill Paying Service May Make Sense for You

Busy professionals and working parents are always looking for ways to save time and make their days more efficient. Especially in light of the past year, they need to utilize outside resources to handle more menial yet important tasks that have become even more important. Professional bill management is a service that can be a real timesaver for busy individuals and families. Here’s why a bill paying service may make sense for you and who would benefit from such services. Adult children of elderly parents Adult children of elderly parents face struggles on several fronts when it comes to having too...

What is a Bill Paying Service and Is it Worth It?

As our lives get busier, more and more services are created to help ease our burden and free up time in our busy days. One such service is a bill paying service, but what is a bill paying service, and is it worth it? We’ll provide details on what these services are and the value to those who use it. What is a bill paying service? A bill paying service, also known as a managed bill paying service, provides people with the option of having all their bill paying activities handled on their behalf. Unlike what banks and credit unions offer,...

Differences Between a Daily Money Manager and a Bill Paying Service

As individuals seek to streamline their daily tasks by outsourcing certain services to professionals, one area that often causes confusion is outsourcing bill paying. Many people assume that any professional dealing with finances, such as a daily money manager or CPA, also offers bill paying services. In most cases that’s incorrect. Below are a few key definitions you should be familiar with, as well as the difference between a money manager and a bill paying service. What is a daily money manager? A daily money manager, also known as a DMM, provides personal financial services to older adults, people with disabilities,...

Why a Managed Bill Paying Service is Ideal for Children of Elderly Parents

Children of aging parents have long struggled with how to care for their elderly parents while handling their own busy lives. Unfortunately, one aspect that is often difficult to find help for is financial tasks such as bill paying. Left unchecked, this can leave seniors in a vulnerable position. Fortunately, a managed bill paying service can fill that need. Learn more about why a managed bill paying service is ideal for children of elderly parents. What is a managed bill paying service? A managed bill paying service manages daily bills and invoices. This includes receiving and paying bills on your behalf. Unlike...