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...
Why a Bill Paying Service Makes Sense for Busy Professionals
When people hear about managed bill paying services, they often think that such a service is for seniors who are no longer able to handle their own bills. While these services are definitely invaluable to those who struggle with managing bill payments as they get older, a significant number of people who seek managed bill paying services are actually entrepreneurs and busy working adults. See why a bill paying service makes sense for busy professionals. What is a bill paying service? A managed bill paying service assists adults in managing their monthly bills. The service typically includes having all your bills...
Five Things to Look for in a Professional Bill Paying Company
When it comes time to look for a service to assist with bill paying, it’s important to consider your options carefully. Whether you’re a senior looking for bill paying assistance, the adult child of a senior looking to ease the burden of bill management for their parents, or a busy professional or family looking for help keeping bill paying efforts organized, here are five things to look for in a professional bill paying company. The ability to talk to a live person Technology today has made it possible to handle a myriad of services virtually without ever having to speak to...