Assisted Banking Conundrum Preserving security while allowing 3rd party access In my world, assisted banking is commonplace. My clients range from busy professionals who have no time to deal with the minutia behind their financial status, to elders who need protection and help in our increasingly complex, automated world. I am a daily money manager.…
Archive | Tigress Tales Blog
Tigress Tales… Important and sometimes irreverent personal finance tips, strategies, and stories to educate, amuse, and motivate. It’s a big job, but someone has to do it!
Is Tax Time Like An Easter Egg Hunt?
Have you ever watched a group of kids racing around to find Easter eggs? Each one rushes to find the next egg and stuff it in their basket. The basket is overflowing, and they don’t even know which eggs they have, but they keep running around to collect more. A lot of adults look like…
The Best Game Plan Ever!
Best Game Plan Ever! Lessons from the Super Bowl Lii Champs The EAGLES won the Super Bowl! The Eagles WON the Super Bowl! I’m still pinching myself. We’ve been to the brink so many times, only to be left bereft. This time it happened! They had a game plan. I’m no football analyst, but…
Walk Away from Stress
Keep Stress from Sabotaging Your Productivity Last week I attended the AADMM (American Association of Daily Money Management) Annual Conference and came back to work with an incredible list of things that I need to implement in my business. As I was going through my notes and making a list of action items, I began…
Giving to the Grandchildren
Giving to the Grandkids Are you being wise with your resources? There are 70 million grandparents in our nation today, and their numbers are increasing twice as fast as other US household types1. The average grandparent age is now just 48! Grandparents control about 75% of the wealth in our county and spend $52 billion…
Suddenly a Caregiver
Suddenly a Caregiver: Recognize the effect on you You never know when it is going to happen. Sometimes it creeps up on you. Other times, it happens in a flash. A family member, who was doing fine on their own, now needs your help. It might be just for little things, but more often it…
5 Money Mistakes a Daily Money Manager Can Find in 5 Minutes
5 Money Mistakes a Daily Money Manager Can Find in 5 Minutes Avoid These 5 Money Mistakes on Your Own A Daily Money Manager (DMM) is a professional who helps those with various disabilities to manage their everyday financial and ‘business’ affairs. We pay bills, organize paperwork, and deal with creditors and other suppliers of…
Life Insurance for Your Stage of Life
When to get life insurance and when to drop it. For most people, life insurance is a necessary part of an overall financial plan. It is needed to protect your assets and income, and the people you care about. But life insurance is not for everyone and you may not need it (or not very…
Inherited Money: Blessing or Curse?
INHERITED MONEY… How would you feel about a sudden windfall? Most people think that they would be delighted to inherit a pile of money…wouldn’t you? An unexpected increase in your assets could go a long way toward paying off debts, taking a vacation, and generally raising your standard of living. When you process it a…
Maximizing Your HSA or FSA Account
Maximizing Your HSA or FSA Account Is Your Savings Account Saving You? If your employer offers a Flexible Spending Account (FSA) or a Health Savings Account (HSA) it is usually a good idea to take full advantage of it if you are eligible. FSA Account. Use prior or projected expenses to determine the amount you…
Is Bank Account Sharing A Good Idea For Seniors?
Is Bank Account Sharing a Good Idea for Seniors? Questions to Ask I often hear someone say that their senior parent has added them as joint owner of an account. This is done with the best intentions, often so that the son or daughter can pay bills for the parent or at least keep an…
5 Tips To Ease Holiday Shopping For The Disabled
DON’T LET A DISABILITY DISABLE YOUR GIFT GIVING PLANS © Imre Forgo | Dreamstime Stock Photos As the holidays quickly approach, many of us feel a little stress about finding the right gifts, and getting them on time. But for many the gift giving is a truly daunting challenge. Traffic,…
Lease or Buy Your Next Car? The Million Dollar Question
This topic gets me in trouble every time I get drawn into the lease or buy argument. If you do not have the goal of ending up with more money at the end of 10 years, then go ahead and lease. If you are truly looking for the least cost option while having a car to…
Beneficiary Bonanza?
Unless you keep your beneficiary information updated, the bonanza might go to the wrong person! I am constantly hearing horrific stories of assets not flowing as intended by the deceased, so pay attention. If you have named beneficiaries, and then experienced a ‘life event’, there could be big surprises down the road. To put it…
Hurricanes, Charity and Scams
Hurricanes, Charity, and Scams The Best and the Worst Show Up We’ve all been watching the devastation of hurricane Matthew with concern for loved ones and empathy for all of those who have been affected. Many of us will feel called to help in whatever way we can. Such disasters bring out the best in…