Even More Tasks A Daily Money Manager Can Do For You

  • Checkbook and Bank account reconciliation
  • Basic deposits/withdrawals
  • Bill payments
  • Medical claims management & Insurance paperwork
  • Financial records organization
  • Collecting bills, invoices and statements from the client on a monthly basis, or having the bills, invoices and statements sent directly to Barkey Trust Services, LLC
  • Preparing checks for the client's signature, or by obtaining a Financial Power of Attorney and paying the bill on the client's behalf
  • Pro-active monitoring of inappropriate billing, payment and/or solicitations
  • Report generation for budgeting, tax preparation, and/or review by another family member
  • Credit card review, payment and data entry
  • Bill Analysis
  • Payment Analysis
  • Charitable Giving Analysis
  • Bill/Payment disputes
  • Social Security Administration forms
  • Record to Court (if applicable)
  • Financial Power of Attorney
  • Representative Payee for Social Security
  • Medical Power of Attorney
  • CFO
  • Executor of a will
  • Assists with name changes on accounts
  • Trustee
  • Successor Trustee
    Notary Services
    Flexibility

Is A Daily Money Manager Right for You?

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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9 Important Questions to ask when hiring a Daily Money Manager

The Essential Every Day Benefits of Hiring Barkey Trust Services, A Daily Money Manager in Harrisonburg, VA

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.

  • Military personnel
  • Busy professionals
  • Senior citizens
  • Those with mental and physical challenges
  • Corporate travelers
  • A sibling named Power of Attorney but has little time to take it on
  • Widows/Widowers
  • Wealthy professionals
  • And more!

Who can use a Daily Money Manager to help?

Daily Money Managers, also called DMM's, build their services around what you need.

For example:

  • If your lifestyle is so busy that you simply don't have time to pay utility bills, insurance premiums, and so on, then a Daily Money Manager is right for you.
  • If you have a mound of financial paperwork on your dining room table that keeps calling your name, but you can't bring yourself to tackle it, then it's time to call a Daily Money Manager.
  • If you need assistance with household budgeting, money managing tips, tracking your finances, and more, a Daily Money Manager is the answer you've been looking for.

What A Daily Money Manager Doesn't Do

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.

A Strict Code of Ethics

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.

Daily Money Managers Allow You to Stay In Control Of Your Money And Finances

Daily Money Managers Allow You to Stay In Control Of Your Money And Finances

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.

Bill Payment and Review

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.

  • I'll give you a simple, custom report on all your bill paying activity.
  • I'll check for overcharges, errors and anything that might signal fraud.
  • Have you got questions about a portion of a bill that always confuses you? I'm there to answer those questions.
  • I can help you facilitate your money so that you can pay a bill from the right account at the right time.
  • For healthcare, I can make sure that reimbursements are made.
  • I can set up a dedicated bill paying account, if you like.

Daily Money Manager - Bill Payment

Creating A Household Budget and Maintaining It

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!

Income Tracking and Expenses

Income Tracking and Expenses

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.

Risk Management

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!

Want to Automate Your Finances?

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.