The Unsung Hero of the Numbers Game: The Daily Money Manager

Oct 4, 2022

In a world of ever-changing financial rules and regulations, one professional has remained a constant: the daily money manager (also known as the “personal money manager”).

A daily money manager is a financial professional that works with families and small businesses who want to outsource their day-to-day financial tasks. This can include anything from paying bills and managing bank accounts to preparing tax returns and creating budgets.

While personal money managers have been around for decades, they are often overshadowed by other financial professionals such as accountants and financial advisers. This is because they do not provide investment advice or sell financial products. However, what daily money managers do provide is invaluable: peace of mind.

For busy families and small business owners, having a daily money manager can be a lifesaver. It frees up time that would otherwise be spent on managing finances, and it gives peace of mind knowing that someone is keeping an eye on your money.

While the role of a daily money manager may not be as glamorous as that of other financial professionals, it is nonetheless an essential one. If you are looking for a daily money manager for your family or business, it pays to do your homework. Before deciding who to hire, ask yourself the following questions:

  • Do you have a strong sense of exactly what you want the personal money manager to do?
  • Do you have a realistic idea of what it will take to get your books in order?
  • Do you have the time and energy to devote to the process?
  • Are you willing to take an active role in the process?

If your answer is yes to these questions, then a daily money manager might be the right choice for you. Hiring a personal money manager is a great way to help you keep your financial affairs in order.

Hiring a daily money manager can also save you time and money. A good daily money manager should be able to help you create and maintain a system that allows you to track your finances easily and efficiently. This should make it easier to pay your bills on time, track your spending and manage your tax obligations.

The main drawback of a personal money manager is that they do not offer financial planning or investment advice. In order to get this advice, you will still have to pay an accountant or financial planner.

Overall, the main benefit of hiring a daily money manager is that they can provide competitive rates and save you time and money. While they may not offer financial planning or investment advice, they can still be a valuable asset for busy families or small business owners.

Recent Articles!

Understanding the P&L

Understanding the P&L

The P&L statement is the starting point for any business owner who wants to grow and succeed....

Contact