Why I Love Being A Daily Money Manager

Published on:
Wed. August 15, 2018
By:
Barbara

7 year anniversary cake
Mary's Daughter 7 year Anniversary Cake

So excited to be celebrating the 7th anniversary of Mary's Daughter. Over the past 7 years, I've had the opportunity to work with many wonderful clients and their families. It has been and continues to be a privilege and honor to be a part of my clients' lives. 

I thought it would be a good time to share how all of this got started and why Mary's Daughter is not just a business for me, but rather my life's mission to be of service and also the legacy honoring my mom. 

Here's the story behind Mary's Daughter....

I love managing money, developing financial goals, talking about money, reading money articles, sharing my money successes and failures, and of course spending money! 

Actually, I like spending money ONLY if I feel it’s well spent. My passion for money has led me to a wonderful career as a Daily Money Manager (DMM) for older adults and veterans! I have the privilege of helping my clients pay their bills on time, reconcile their bank statements and other financial accounts, while being ever vigilant about scams, identity theft and other schemes that are lurking everywhere!

Why “Mary’s Daughter”?

In 2011, I created my company, Mary’s Daughter LLC, which was named after my mother, Mary who was influential in my becoming the helping professional I am today. She died peacefully at home at age 93 on February 26, 2014. 

Mary’s Daughter is a tribute to my mother’s great love and compassion for all of our family, and her willingness to help others in whatever way she could. I am so fortunate to be able to honor her memory and combine my nearly 40 years of social work experience with my passion for service and money management. 

As far back as I can remember, money or the lack thereof has been a theme throughout my life. I knew my mom worked hard for what she earned and I wanted to do what I could to help out. 

In elementary school, my classmates were given their lunches on trays. I became adept at asking the popular kids (yes, even then we could tell) if they wanted me to take their trays to the area to be washed. Usually they would leave their coins on these trays, which I would collect. I would be ecstatic when I made 6 cents because at 2 cents per carton, I would have earned 3 days of milk money. 

Fast forward to today, I am still a “penny pincher” who will work hard to help my clients manage their financial affairs. I also NEVER pass up an opportunity to pick up a dropped penny, and feel I’ve really scored when I find loose change in my car!

Trust is important!

As an active member and 2018 Board member of the American Association of Daily Money Managers, I abide by a strict Code of Ethics that I share with clients during our first meeting. 

It’s important to know and trust the person who is handling your money, and as we’ve seen way too often, the safeguards that are in place with banks and other financial institutions are no guarantee against fraud and scams.

That is why it is important to review your monthly bank statements, credit card bills, and other financial accounts on a regular basis.

Whether it's paper or pen you prefer or a new app on your phone or laptop, it’s important to track spending, so that you reduce your chances of becoming a victim of fraudulent activity.