yKnot Services LLC Your checkbook, budget and recordkeeping professionally managed www.CheckbookBalancer.com 586-242-7680 © 2012 yKnot Services LLC What is Daily Money Management?
Jun 27, 2015
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
What is Daily Money Management?
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Daily money managers (DMMs) provide personal business assistance to clients who have difficulty in managing their
personal monetary affairs.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Daily money managers (DMMs) provide personal business assistance to clients who have difficulty in managing their
personal monetary affairs.The services meet a continuum of needs, from organizing
and keeping track of financial papers, to assisting withcheck writing and maintaining bank accounts.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Daily money managers (DMMs) provide personal business assistance to clients who have difficulty in managing their
personal monetary affairs.The services meet a continuum of needs, from organizing
and keeping track of financial papers, to assisting withcheck writing and maintaining bank accounts.
Typically, this is done twice per month at our client’s home.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Who needs the helpof a DMM?
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
There are many factors which contributeto the need for a DMM.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
DMMs work with:
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
DMMs work with:senior citizens
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
DMMs work with:senior citizens,
people whose careers make it difficult for themto find time for their own paperwork
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
DMMs work with:senior citizens,
people whose careers make it difficult for themto find time for their own paperwork,
Adults with ADD
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
DMMs work with:senior citizens,
people whose careers make it difficult for themto find time for their own paperwork,
Adults with ADD& people whose medical issues simply make it
difficult to keep up with their finances.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
It is not uncommon for the adult child of an older person to seek the assistance of a DMM if the child does not feel they
have the time or ability to maintain their parents’ affairs.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
If I hire a DMM,do I still need an
accountant, financial planner and lawyer?
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
If I hire a DMM,do I still need an accountant, financial planner and lawyer?
Short answer, YES!
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
If I hire a DMM,do I still need an accountant, financial planner and lawyer?
Short answer, YES!But we do work closely with
these professionals.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
What types of tasks willa DMM handle?
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbook
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errors
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparation
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparation
Organize investment documents
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparationOrganize investment documents
Prepare and deliver bank deposits
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparationOrganize investment documents
Prepare and deliver bank deposits
Prepare checks for signing and mailing
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparationOrganize investment documents
Prepare and deliver bank depositsPrepare checks for signing and mailing
Provide user friendly financial reports
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparationOrganize investment documents
Prepare and deliver bank depositsPrepare checks for signing and mailingProvide user friendly financial reports
Referrals to other service providers & professionals
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparationOrganize investment documents
Prepare and deliver bank depositsPrepare checks for signing and mailingProvide user friendly financial reports
Referrals to other service providers & professionals
Review and analyze bills
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparationOrganize investment documents
Prepare and deliver bank depositsPrepare checks for signing and mailingProvide user friendly financial reports
Referrals to other service providers & professionalsReview and analyze bills
Review and analyze credit report
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparationOrganize investment documents
Prepare and deliver bank depositsPrepare checks for signing and mailingProvide user friendly financial reports
Referrals to other service providers & professionalsReview and analyze bills
Review and analyze credit report
Set up filing system for bills & important papers.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
What will the services of a DMM cost & what are the common billing methods?
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
At yKnot Services LLC, we charge for serviceson an hourly basis.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
At yKnot Services LLC, we charge for services on an hourly basis.
In addition to the hourly rates, we charge for travel time(in some cases) and for out-of-pocket expenses such as
postage stamps & long distance charges for callsmade on a client’s behalf.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
At yKnot Services LLC, we charge for services on an hourly basis.In addition to the hourly rates, we charge for travel time(in some cases) and for out-of-pocket expenses such as
postage stamps & long distance charges for callsmade on a client’s behalf.
We bill on a bi-weekly basis after services are performed.The invoice is due three days after our next visit.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Will I be giving up my independence if I
hire a DMM?
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Will I be giving up my independence if I hire a DMM?
On the contrary, the assistance of a DMM is often thepiece of life’s puzzle which allows many seniors to avoid
guardianship or complete loss of independence.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Will I be giving up my independence if I hire a DMM?On the contrary, the assistance of a DMM is often the
piece of life’s puzzle which allows many seniors to avoid guardianship or complete loss of independence.
Busy people who are chronically a few days late paying their bills could find that hiring a DMM to keep up with their finances will probably receive a higher credit score, and therefore lower
insurance and loan rates.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Will I be giving up my independence if I hire a DMM?
Busy people who are chronically a few days late paying their bills could find that hiring a DMM to keep up with their finances will probably receive a higher credit score, and therefore lower
insurance and loan rates.These lower rates could in effect pay for our fees.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Will I be giving up my independence if I hire a DMM?
Busy people who are chronically a few days late paying their bills could find that hiring a DMM to keep up with their finances will probably receive a higher credit score, and therefore lower
insurance and loan rates.These lower rates could in effect pay for our fees.
Stress levels will be greatly reduced, as well.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Will I be giving up my independence if I hire a DMM?
The involvement of an outsider in personal financialaffairs may be too intimidating for some, but most
clients of DMMs find that once they have established arelationship with their DMM, they don’t know
how they survived without one.
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
For more information, please call Yvonne at
586-242-7680