Navigating finances can get increasingly complicated over time as situations such as retirement, care of parents and other major life changes come into play.
Peachtree Corners resident Laura Schwab helps people maneuver money mazes as a certified Daily Money Manager (DMM).
DMMs help people with daily financial tasks, providing services from paying bills and budgeting to record-keeping, negotiating with creditors and healthcare advocacy.
“As people get older, it can become a burden to keep financially organized,” Schwab said. “A daily money manager can help people stay independent longer.”
Schwab holds a bachelor’s degree in finance and worked for two Fortune 500 companies. Her DMM business grew out of her love of educating and helping friends and neighbors with their financial affairs.
She is a member of the American Association of Daily Money Managers, whose members go through a background check, live by a code of ethics and have standards of practice.
Her typical clients include seniors, recently widowed or divorced individuals handling finances for the first time, busy professionals and frequent travelers. “If taking care of the finances becomes overwhelming for you or a loved one, help is available,” Schwab said.
She said she helped one client get a long-term care policy reinstated after cancellation due to non-payment. The client was then able to receive benefits amounting to more than $470,000 over the next eight years, Schwab said.
Another of her clients was placed in an inpatient care facility for rehab services after a hospital stay but was told by the facility that he didn’t meet requirements for Medicare coverage.
“I don’t claim to be a Medicare expert but knew enough that this didn’t sound right,” Schwab said. “I appealed to Medicare, and he received back over $26,000 in benefits.”
Learn more
• DMM Laura Schwab: dailymoneymatters.org or 678-471-6867.
• American Association of Daily Money Managers: aadmm.com.
(Atlanta chapter: aadmmatlanta.com.) ■
