There are so many ways a DMM can be helpful to you! To find out how you can best utilize Barkey Trust Services, set up a discovery session with me. I'd be delighted to listen to you and suggest ways to make your financial life easier.
Just fill out the form below and let's get started. Or you can always give me a call, 540-849-6265. I'm here to help!
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You might think it a bit odd to hire a Daily Money Manager to manage your finances for you, but all kinds of people do it every day!
And with good reason…everyday living has become "life in the fast lane." Between caring for aging parents and managing incredibly busy lifestyles, keeping up with finances has become a real challenge.
Take a look at just some of the people that hire Daily Money Managers to make their lives easier.
Daily Money Managers, also called DMM's, build their services around what you need.
As a Daily Money Manager, Barkey Trust Services does not replace your accountant, estate planning attorney, or financial consultant. Instead, I work with them, providing monetary alerts as needed, and notifying them of changes as they occur.
Additionally, if as my client, it is in your best interest to refer you to another service provider or consultant when additional expertise and knowledge is required, I will gladly do so.
As a member of the American Association of Daily Money Managers, Barkey Trust Services adheres to the AADMM's strict Code of Ethics and Standards of Practice, protecting and maintaining each client's privacy and confidentiality in accordance with the laws of Virginia.
Some people worry that they are losing control of their finances when they hire a DMM. Actually, the opposite is true.
For senior citizens, Barkey Trust Services can allow them to avoid guardianship and a loss of independence. For example, if a senior is late paying bills, or perhaps doesn't understand certain financial forms, Barkey Trust Services can be that bridge that helps them make sense of confusing legal documentation, and get bills paid on time.
Additionally, seniors won't have to bow to familial pressure to give up their home, or turn over their affairs to a legal representative. Sometimes just a twice-monthly visit from a DMM allows a senior to keep their finances in check, stay on track, and avoid mathematical errors, while putting their mind at ease.For grown children who are managing their parents' finances, a Daily Money Manager can be a godsend. Overwhelmed with their own daily and family responsibilities, Barkey Trust Services takes the weight from their shoulders.
By removing the family emotional component, the DMM, a third-party professional, can build a relationship that is appreciated by both parent and child.
Elders can keep their independence and adult children do not have to worry about their parents managing finances, household expenses, or budgeting their money.
Are you terrible about getting your bills paid on time? Would you rather do anything but?
With a Daily Money Manager, you don't have to dread such a mundane task. Let Barkey Trust Services do it for you.
Let's face it. When it comes to budgeting, there isn't anyone holding your feet to the fire.
With a DMM, I am your accountability ally.
That's because a well-informed, well planned, and realistic budget is my bread and butter! If your situation changes, we can always revise your budget to fit your new circumstances.
And remember, it's your money. You have the right to make an ill-advised decision, if you so choose. I will never force a decision upon you that you're not comfortable with!
At Barkey Trust Services, I will verify all of your income sources, document household expenses, and put all the information into a simple, easy-to-read report for you.
Additionally, I can monitor your bank statements to make sure a Power of Attorney, home health agency, or any other service provider isn't doing anything disreputable with your money.
Many people don't manage their risk with money very well. That's where a Daily Money Manager can be of service. At some time or another, every person will need to engage in risky financial matters. Having a neutral professional that knows the ins and outs of risk is of considerable value.
And, as a Registered Investment Advisor as well as a DMM, you're in doubly good hands!
Barkey Trust Services can automate your bill paying, if you so choose. Instead of having to remember to pay the electric bill on the 15th, it's automatically set up to do so. I can teach you how to do this, or I can do it for you. Either way, you can enjoy a "set it and forget it" bill paying system.