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...

How Bill Paying Services May Protect Seniors

As we age, everyday activities that used to be simple to handle can become more challenging. Not only do physical activities become more difficult, but other activities such as bill paying. When seniors struggle with cognitive issues as they get older, bill paying accuracy and timeliness can suffer. Learn how bill-paying services may protect seniors and give family members peace of mind. What is a bill-paying service? While different companies offer different assistance options when it comes to bill paying services, the basic concept of a bill-paying service is having all your bills managed, reviewed, and paid on your behalf. Essentially,...