personal bookkeeping (daily money management)
DESCRIPTION
Information about yKnot's Daily Money Management services.TRANSCRIPT
![Page 1: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/1.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
What is Daily Money Management?
![Page 2: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/2.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Daily money managers (DMMs) provide personal business assistance to clients who have difficulty in managing their
personal monetary affairs.
![Page 3: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/3.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Daily money managers (DMMs) provide personal business assistance to clients who have difficulty in managing their
personal monetary affairs.The services meet a continuum of needs, from organizing
and keeping track of financial papers, to assisting withcheck writing and maintaining bank accounts.
![Page 4: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/4.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Daily money managers (DMMs) provide personal business assistance to clients who have difficulty in managing their
personal monetary affairs.The services meet a continuum of needs, from organizing
and keeping track of financial papers, to assisting withcheck writing and maintaining bank accounts.
Typically, this is done twice per month at our client’s home.
![Page 5: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/5.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Who needs the helpof a DMM?
![Page 6: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/6.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
There are many factors which contributeto the need for a DMM.
![Page 7: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/7.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
DMMs work with:
![Page 8: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/8.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
DMMs work with:senior citizens
![Page 9: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/9.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
DMMs work with:senior citizens,
people whose careers make it difficult for themto find time for their own paperwork
![Page 10: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/10.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
DMMs work with:senior citizens,
people whose careers make it difficult for themto find time for their own paperwork,
Adults with ADD
![Page 11: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/11.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
DMMs work with:senior citizens,
people whose careers make it difficult for themto find time for their own paperwork,
Adults with ADD& people whose medical issues simply make it
difficult to keep up with their finances.
![Page 12: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/12.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
It is not uncommon for the adult child of an older person to seek the assistance of a DMM if the child does not feel they
have the time or ability to maintain their parents’ affairs.
![Page 13: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/13.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
If I hire a DMM,do I still need an
accountant, financial planner and lawyer?
![Page 14: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/14.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
If I hire a DMM,do I still need an accountant, financial planner and lawyer?
Short answer, YES!
![Page 15: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/15.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
If I hire a DMM,do I still need an accountant, financial planner and lawyer?
Short answer, YES!But we do work closely with
these professionals.
![Page 16: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/16.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
What types of tasks willa DMM handle?
![Page 17: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/17.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
![Page 18: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/18.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbook
![Page 19: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/19.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
![Page 20: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/20.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errors
![Page 21: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/21.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
![Page 22: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/22.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)
![Page 23: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/23.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
![Page 24: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/24.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparation
![Page 25: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/25.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparation
Organize investment documents
![Page 26: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/26.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparationOrganize investment documents
Prepare and deliver bank deposits
![Page 27: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/27.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparationOrganize investment documents
Prepare and deliver bank deposits
Prepare checks for signing and mailing
![Page 28: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/28.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparationOrganize investment documents
Prepare and deliver bank depositsPrepare checks for signing and mailing
Provide user friendly financial reports
![Page 29: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/29.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparationOrganize investment documents
Prepare and deliver bank depositsPrepare checks for signing and mailingProvide user friendly financial reports
Referrals to other service providers & professionals
![Page 30: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/30.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparationOrganize investment documents
Prepare and deliver bank depositsPrepare checks for signing and mailingProvide user friendly financial reports
Referrals to other service providers & professionals
Review and analyze bills
![Page 31: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/31.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparationOrganize investment documents
Prepare and deliver bank depositsPrepare checks for signing and mailingProvide user friendly financial reports
Referrals to other service providers & professionalsReview and analyze bills
Review and analyze credit report
![Page 32: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/32.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
yKnot Services LLC offers the following services"cafeteria style" (pick the ones you want):
Balance checkbookBudget and cash flow management
Contact payees if there are billing errorsInterface with other professionals (CPA, attorney, etc.)
Notary services (coming soon)Open and sort mail
Organize documents for tax preparationOrganize investment documents
Prepare and deliver bank depositsPrepare checks for signing and mailingProvide user friendly financial reports
Referrals to other service providers & professionalsReview and analyze bills
Review and analyze credit report
Set up filing system for bills & important papers.
![Page 33: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/33.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
What will the services of a DMM cost & what are the common billing methods?
![Page 34: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/34.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
At yKnot Services LLC, we charge for serviceson an hourly basis.
![Page 35: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/35.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
At yKnot Services LLC, we charge for services on an hourly basis.
In addition to the hourly rates, we charge for travel time(in some cases) and for out-of-pocket expenses such as
postage stamps & long distance charges for callsmade on a client’s behalf.
![Page 36: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/36.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
At yKnot Services LLC, we charge for services on an hourly basis.In addition to the hourly rates, we charge for travel time(in some cases) and for out-of-pocket expenses such as
postage stamps & long distance charges for callsmade on a client’s behalf.
We bill on a bi-weekly basis after services are performed.The invoice is due three days after our next visit.
![Page 37: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/37.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Will I be giving up my independence if I
hire a DMM?
![Page 38: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/38.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Will I be giving up my independence if I hire a DMM?
On the contrary, the assistance of a DMM is often thepiece of life’s puzzle which allows many seniors to avoid
guardianship or complete loss of independence.
![Page 39: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/39.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Will I be giving up my independence if I hire a DMM?On the contrary, the assistance of a DMM is often the
piece of life’s puzzle which allows many seniors to avoid guardianship or complete loss of independence.
Busy people who are chronically a few days late paying their bills could find that hiring a DMM to keep up with their finances will probably receive a higher credit score, and therefore lower
insurance and loan rates.
![Page 40: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/40.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Will I be giving up my independence if I hire a DMM?
Busy people who are chronically a few days late paying their bills could find that hiring a DMM to keep up with their finances will probably receive a higher credit score, and therefore lower
insurance and loan rates.These lower rates could in effect pay for our fees.
![Page 41: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/41.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Will I be giving up my independence if I hire a DMM?
Busy people who are chronically a few days late paying their bills could find that hiring a DMM to keep up with their finances will probably receive a higher credit score, and therefore lower
insurance and loan rates.These lower rates could in effect pay for our fees.
Stress levels will be greatly reduced, as well.
![Page 42: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/42.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
Will I be giving up my independence if I hire a DMM?
The involvement of an outsider in personal financialaffairs may be too intimidating for some, but most
clients of DMMs find that once they have established arelationship with their DMM, they don’t know
how they survived without one.
![Page 43: Personal Bookkeeping (Daily Money Management)](https://reader033.vdocuments.us/reader033/viewer/2022060119/558ec7bb1a28ab72628b47b3/html5/thumbnails/43.jpg)
yKnot Services LLCYour checkbook, budget and
recordkeeping professionally managed
www.CheckbookBalancer.com 586-242-7680
© 2012 yKnot Services LLC
For more information, please call Yvonne at
586-242-7680