Daily money managers to help you with your finances
I could have used such help! According to this Wall Street Journal story (subscription required) more and more people are turning to daily money managers to keep them on top of their finances including bill paying etc.
Once the province of the wealthy, "money management" is taking on a whole new meaning these days. While traditional money managers invest assets, so-called daily money managers are now popping up to tackle the scut work for people who either can't or won't do it themselves. These individuals pay bills, organize records for tax returns and even help consumers straighten out problems with banks and creditors. Their clients range from debt-addled newlyweds to retirees with health problems.
...[I]ncreasingly, younger clients want that help as well, though for different reasons. Instead of fretting over health-care paperwork, they're more concerned with corralling debt and living within a budget. Jody Rorick, a daily money manager in Lincroft, N.J., finds she must act like a surrogate mom or a disciplinarian, putting young clients "on a cash diet. I pay their bills and tell what they can spend."
No one has any real fix on the number of daily money managers, though people in the field agree their ranks are growing. The biggest organization representing them was founded just seven years ago with six members in Maryland. Today, the American Association of Daily Money Managers lists 127 members in 31 states on its Web site: www.aadmm.com. The association believes it represents just a small fraction of the people in the business.