What is Daily Money Management? Daily Money Managers provide assistance to clients who have difficulty in managing their personal financial affairs. The services meet a variety of needs from organizing and keeping track of financial and medical records to assisting with bill payments and bank account maintenance.
How does it differ from online billpay through my bank or financial software? Online billpay is a great tool, but can’t match the services we provide. Online billpay can’t check an invoice and find an error. It can’t call a vendor to straighten out a bill. It can’t account for credit card companies that change due dates from one month to the next. We will take care of all of these issues and more when you hire Organize My Life.
Who uses Organize My Life? Our firm specializes in working with high net worth individuals and families, busy professionals and the elderly. Our professionals and high net worth clients are often traveling, working long hours, or simply don’t have the time to take care of the day-to-day financial matters in their own lives. Our elderly clients often have difficulty managing their personal finances because of extensive travel or medical issues like confusion, dementia, vision problems or other physical ailments.
How does it work? Organize My Life receives bills directly from vendors for our clients. We review all bills for accuracy, enter them into our bill pay system and pay out the bills on time. Clients establish a separate bill paying account with their own banks, where they deposit funds to cover their bills and we do the rest. For our local clients in Broward County, we can also make house calls and take care of all bill pay services in the client’s home.
How do you charge? We offer monthly service packages. If you need occasional services outside of your subscribed package, we can bill hourly for time spent. For our in-home clients, we bill at an hourly rate, payable at the time of service.
Do you provide debt consolidation or credit counseling? No, although our clients often do see an improvement in their credit scores simply by using our services, we don’t provide debt consolidation services. We will sit down with you to create a budget and come up with a plan to pay down debt, if that is one of your concerns.
What about security/privacy? We realize that the information we are handling for you is very personal and it is vital that we maintain confidentiality and ensure security. We take that responsibility very seriously. No information will ever be shared with third party companies outside of the scope of providing service to you. In other words, we will talk to your credit card company or doctor’s office to straighten out a bill, but we will never sell your information to an outside party.
Are you insured? Yes, we carry a professional liability policy through Lloyds of London.
Do you replace my accountant or financial advisor? No. We work with your accountants, financial advisors, insurance agents and bankers to ensure that you are taken care of in every aspect of your financial life.
Do you only work with local clients? No. Organize My Life has the ability to work with clients nationwide.