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Final one. Hope no one minds all these separate posts. Know how busy we all are and thought this might be more helpful than just suggesting everyone go back to the link and load comments. Also not sure at what point a post becomes too long for the system to handle.
Note that this comment is from Nov. 2019.
Suggests that a) AARP members are searching the article database and/or rereading older articles b) that it’s worth setting up new comment alerts on articles that mention DMMs if that option is offered by the online publication (which some are already doing perhaps?).AaronR694046 Nov 16, 2019
How would one go about submitting a complaint against a daily money manager? I contacted their association, but haven’t heard back from them. Is there a governmental agency that they report to and if so, which one?Re comment. At first I thought perhaps commenter was looking for a DMM and angry at AADMM’s lack of responsiveness. On rereading, now wonder if he wants to report conduct or issue with DMM whose services he retained. Which is awkward and perhaps why no reply? If the latter, raises question of how AADMM would or should deal with such situations so as not to appear unresponsive.
Hope this is helpful,
MadeleineDefinitely seems like it would have been great to have a DMM respond to these. Commenters often seem to respond to articles this way—-more than just “commenting,” somehow expecting a direct response or fix. Normally feels like a misunderstanding on their part but in this case could have worked for them. Truly feel for this poor person.
sw10271619 Aug 6, 2016
I’ve worked since I was 15 and climbed the corporate ladder. I’m not looking for a hand out, just help where I can’t help myself. Yes, $150 is a lot a month especially when you’ve made costly mistakes. BTW did I mention SS told me my MS was cured and they cut me off January 31 2016, pay and insurance which wasn’t supposed to happen according to the paperwork I signed. I hired a lawyer and now this past month they’ve now after all retesting declared me perfectly disabled again. No more savings, no fall back, behind on bills, I haven’t paid my lawyer the rest of her money yet and I don’t know how I’m going to. Last month my money finally got fixed, and my daughters, my insurance back dated now all bills have to be resubmitted. Today Part D was turned on. Stress and MS don’t get along. Thanks for hopefully helping me, help me.w10271619 Aug 6, 2016
I have MS and up until 2009 I had a high functioning, awesome job and company. I went thru a very bad divorce which ended very badly in many ways. I was the bread winner and stronger of the two of us. I had to buy him out of everything and lost a lot of money. I was thrown into worst episode of my life having to spend spend 30 days in a rehab facility learning how to walk, talk, regain my vision along with many other facilities. Everything came back in time except my cognitive. A family member graciously paid my bills and assisted me in most things you described of as a DDM. But 6 months ago he quit providing his services and I’m lost. I’m doing everything blindly, and I have no clue what im doing since my cognitive was severely damaged. I’ve been asking everyone from bankers to social services for help to no avail. I need serious help. This is for me, please help me.
[Emphasis mine]b400502a Jan 2, 2017
I expected much more from AARP than the usual on-line scam. I do NOT want to BUY anyone’s services. I just want an easy tool to help me live within our means.Shay45 Aug 2, 2016
Wow! $75 to $150 an hour or a monthly fee. Look at all the money I have saved by NOT hiring a DMM.I use an Excel spread sheet and common sense and am thankful that I still have the cognitive wherewithal to do so. This service is certainly not meant for seniors who are trying to get by on Soc. Sec. alone.
2Papa Aug 1, 2016
So who needs a budget, let alone someone to watch it!RJenkins55 Aug 1, 2016
We have spreadsheets to manage our monthly and yearly budget. There is an account for accrual expenses, saving to pay those every six months. It works as a charm as we are under the budget, know when to stop spending for the month, [sic: should be a period]lp36472210 Aug 1, 2016
No listings in Arkansas at all. So I guess Arkansas doesn’t participate…wonder why.[subcomments to above in thread]
GRJenkins55 Aug 1, 2016
@lp36472210 forget the listing, establish your own budget account and keep afloat. 🙂InsertCleverNameHere Aug 1, 2016
@GRJenkins55 @lp36472210 Well, of course that is something that everybody who handles money should do. The article was meant for people who need assistance. Your “forget the listing” comment is way off the mark. For instance, I work full time, manage my budget, and was managing my mother’s finances until she died recently. As executor of her estate, I am a bit overwhelmed. I will be seeking help from an estate attorney and/or a DMM. Perhaps you should not be so quick to judge and make sweeping generalizations and dismissive statements such as “forget the listing.”JSHFLH Aug 1, 2016
I have always lived on a budget, no matter what my income. Childhood was lower middle class. Adulthood upper middle class. Either way, I really don’t see why its so hard to setup and live by a budget. Money is too important to be lackadaisical about or to not pay attention to. This is, of course, for people with the mental capacity to do so. Others will need help.[FYI, I had screenshots and it would have been better—and quicker for me—to upload those. Doing this on the phone and maybe I’m missing something but this format doesn’t seem to allow me to copy and paste an image, only link to one. Maybe something to address in new website design?]
Greetings to All,
Has anyone viewed the comments for the 2016 AARP article Alison cited (thanks for both, Alison!). Interesting and instructive re the range of views on DMMs, even if mostly older and written at the time of the article.It strikes me that we might also want to monitor comments on articles that mention DMMs. Responses from those who feel qualified re the comment subject or commenter’s issue might serve several purposes: show we care and are willing to share expertise; a form of networking; increase DMM profile.
Very interesting and informative thread. Thanks to all who posted,
Madeleine
