Money Management for Older Adults

Daily money management programs (DMM) provide personal financial assistance to older adults who can no longer handle certain aspects of money management. These programs can mean the difference between living independently or not. DMMs also offer relief to family members who are providing care to their older parents or relatives.

The kinds of services that DMMs provide most often are:

Paying bills
Maintaining financial records
Preparing budgets
Balancing checkbooks
Negotiating with creditors

DMMs can help elders and their caregivers who

Cannot keep track of bills and financial documents
Often forget to pay bills
Cannot write checks because of health problems
Have trouble getting to the bank
Can no longer manage money or finances
Are susceptible to financial scams.