Money Management Programs
What are the Money Management Programs?
The purpose of the Iowa Money Management Program is to promote independent living for persons on limited income who are at risk because of their ability to manage their financial affairs and who do not have friends or relatives able to help
The program provides trained volunteers offering money management assistance to older persons or persons with disabilities who are either unable to manage their own financial affairs or who just need some help keeping track of financial matters and paying routine bills
The Money Management has two main service components
Representative Payees serve clients with limited incomes who have been designated as incapable of handling their own finances by a physician and by the federal agency administering the benefit- usually the Social Security Administration
Representative Payee:
- Maintains control over the benefits
- Signs all the checks
- Spends the money to meet the current needs of the client
Bill Payers serve clients with limited incomes who are still in charge of their own financial affairs but who need some help organizing their bills and checkbooks
Bill Payer:
- Assists the client in organizing month income and expenitures
- Writes checks for the client's signature
- Assists the client with paperwork relating to bill paying
Helps Agencies
The typical money management client is often already involved with the social services system-the kind of client who has multiple problems made worse by difficulties with finances. If the agency's services do not include money management, staff are often unable to meet the client's needs effectivley and problems develop:
- Staff spend extra time dealing with the crises, such as utility shut-offs or evictions- chrises caused by the clients chaotic finances
- Out of frustration at the unmet need, staff begin informally helping the client with financial affairs, but feel uncomfortable and unprotected do so
Volunteer representative payees and bill payers of the Money Management Program enable a social service agency to enhance and expand it's client services so that staff can meet other client needs
Interested in becoming a Volunteer Payee or a Bill Payer?
Contact:
Dickinson County Community Services
1802 Hill Avenue, Suite #2502
Spirit Lake, IA 51360
712.336.0775
email: Beth Willcreate new email