At Checks & Balances for You, we understand the complexities of managing your daily financials. We manage these complexities, regaining financial control.
6 Reasons for a Money Manager, Individuals & Families
There are several reasons why you may need a personal money manager:
1. Limited time: If you have a busy schedule and limited time to manage your finances, a personal money manager can help you keep your finances organized and up-to-date.
2. Lack of financial knowledge: If you are not familiar with financial concepts and do not feel confident managing your finances, a personal money manager can provide guidance and advice to help you make informed financial decisions.
3. Complex financial situation: If you have a complex financial situation, such as multiple sources of income, investments, or assets, a personal money manager can help you manage your finances more efficiently.
4. Need for objective advice: A personal money manager can provide objective advice and guidance, helping you make decisions that are in your best interest.
5. Need for accountability: A personal money manager can help you stay on track with your financial goals and hold you accountable for your spending and saving habits.
6. Retirement planning: If you are nearing retirement age or have already retired, a personal money manager can help you manage your retirement savings and create a retirement plan that aligns with your goals and lifestyle.
Overall, a personal money manager can help you manage your finances more efficiently, make informed financial decisions, and achieve your financial goals.
INDIVIDUAL & FAMILY MONEY MANAGEMENT SERVICES:
Opening and sorting mail is an important part of managing personal finances. It involves sorting through the various bills, statements, and correspondence that arrive in the mail, and organizing them for further review and action.
Paying bills is another crucial task in managing personal finances. It involves reviewing bills for accuracy, due dates, and payment amounts, and making payments on time to avoid late fees and penalties.
Balancing and reconciling checkbooks, credit cards, and other accounts is essential for ensuring that your finances are accurate and up-to-date. It involves comparing your records to those of the bank or credit card company to identify any discrepancies or errors.
Making bank deposits is a routine task that involves depositing checks, cash, and other funds into your bank account. This helps to keep your finances organized and ensures that you have the funds you need to pay bills and other expenses.
Reviewing insurance and medical statements for accuracy is important for ensuring that you are receiving the coverage you need and that you are not being overcharged for medical services. Monitoring accounts for unusual activity is also important for detecting fraud or unauthorized transactions.
Intervening and addressing problems with billing and medical claims is necessary to resolve any issues that may arise with healthcare providers or insurance companies. This can involve disputing charges or negotiating payment plans.
Organizing documents, both paper files and electronic files is an essential part of managing personal finances. This helps to ensure that you have all the necessary documents on hand when you need them and can quickly and easily find what you're looking for.
Assembling documents for tax preparation involves collecting and organizing all the necessary documents, such as receipts, invoices, and bank statements, to prepare your tax return accurately and on time.
Creating and monitoring spending plans is essential for managing personal finances effectively. This involves setting financial goals, tracking expenses, and adjusting spending habits as needed. Reporting on income & expenses, net worth, and spending trends provides insight into your financial situation and can help you make informed decisions about how to manage your money.
Using Quicken or other financial software to track and categorize income and expenditures is an efficient and effective way to manage your finances. This software can help us identify spending trends, track bills, and payments, and monitor your overall financial health.
Finally, offering suggestions and referrals, as needed, can help you connect with financial advisors, tax professionals, or other experts who can provide guidance and support as you manage your personal finances.