New York Daily Money Manager Earns Professional Certification

American Association of Daily Money Managers

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FOR IMMEDIATE USE:  January 1, 2013


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New York Daily Money Manager Earns Professional Certification


Bellefonte, PA – Ana Gonzalez Ribeiro, PDMM, MBA of Bronx, NY is one of 59 daily money managers from across the United States who have earned the designation Professional Daily Money Manager by meeting eligibility requirements and passing an intensive examination.  The certification process was initiated in 2007 by the American Association of Daily Money Managers (AADMM) as part of its mission to assure high standards of practice and delivery of quality service by DMM professionals.


The AADMM leadership recognized Ms. Ribeiro, of Ace the Journey of Daily Money Management, for her achievement with these words, “Your investment of money and time denotes your personal commitment to excellence and integrity in the provision of services to your daily money management clients.”


In her application to become a Professional Daily Money Manager, Ms. Ribeiro certified that she ascribes to the stringent AADMM Code of Ethics, had 1500 hours of experience in the field, and fulfilled the educational criteria of the eligibility requirements. In December, she sat for a comprehensive exam that covers five areas of competency including bill paying, basic finance/bookkeeping, payroll and tax basics, types of expenses, and standards of practice.


Certification demonstrates in a tangible way the professionalism among daily money managers and supports AADMM’s commitment to “promoting high standards of client services provided by members, and to supporting the growth of the daily money management industry, in numbers of providers, in recognition of the field, and in the quality of services provided.” Through voluntary certification, individuals validate their skill level and add to their credentials as a leader in the industry. Although AADMM is the certifying body, a daily money manager is not required to hold membership to participate in the certification process.


Proctored certification examinations are offered across the country. Applications and additional details on certification are available at or by emailing


AADMM is a membership organization comprised of individuals and businesses that provide daily money management services directly to their own clients. The services meet a continuum of needs, from organizing and keeping track of financial and medical insurance papers, to assisting with check writing and maintaining bank accounts. For more information, go to


How To Change Last Year’s Spending Habits

For some people, changing spending habits can be as difficult as adjusting to the loss of a limb. In 1960, surgeon Dr. Maxwell Maltz believed that it took an amputee 21 days to get used to having a missing limb. So it is with forming habits. More recent studies indicate it could take anywhere from a few minutes to several months, depending on the new habits to be formed and how complex they are.

That’s why creating new spending habits after years of spending and saving the same way would likely fall into the latter category, requiring several months to change. It’s understandable that changing your spending habits will take a lot of discipline and repetition, but the reward you’ll receive at the finish line is well worth the struggle. To see your savings balance and retirement funds steadily rise from year to year is literally worth gold.

According to the Bureau of Labor and Statistics, 2011 was a year of heavy spending. The average spending per consumer rose 3.3% following a decline in 2010. There was an 8% rise in transportation and a 5.4% increase in spending on food and cash contributions, which included support for collegestudents, alimony, child support and charity donations. Health care spending rose by 4.9% while clothes and entertainment spending also increased. Changing spending habits won’t be easy, but with a bit of discipline and by changing your outlook about the money you make, you can make the change in 2013.

Wear Red!

Photo by smarnad

Today is Wear Red Day, the start of American Heart Month. This month draws attention to cardiovascular disease and its negative impact on women. Heart disease is considered America’s number one killer which has affected more women than men. That is why it’s important to bring awareness to this dreadful disease and continue fighting it. So please, get your heart checked and tell everyone you know. It’s important!

¡Vista de Rojo!

Photo de “Master isolated images”

Hoy es el Día en que todos vestimos de rojo en reconocimiento al mes del corazón. Este mes le trae atención a la enfermedad cardiovascular y su impacto negativo en las mujeres. La enfermedad del corazón es considerado el asesino número 1 de América que afecta más a las mujeres que a los hombres. Por eso es importante ponerle atención a esta terrible enfermedad y continuar peleándola. Así que por favor, vaya al médico para que examinen su corazoncito. ¡Es importante!

What is the new credit card check out fee?


Are you ready for another credit card fee? Ready or not starting Sunday retailers will begin passing on a credit card fee called the check out fee unto customers. Beginning January 27th, retailers will start charging what they call the payment card surcharge. This surcharge comes from a settlement reached between merchants and credit card companies in 2012 to defray swiping costs.


What you need to know:


  • If a retailer charges the surcharge, they must make it clear on the receipt.


  • Retailers are not allowed to add the surcharge fee to debit card or prepaid card purchases.


  • Before the actual purchase, retailers have to inform customers they are charging this additional fee.


  • Retailers can offer a discount from the surcharge if customers pay with cash, a debit or a check.


  • Not all states are adding the surcharge. California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas will not be adding that extra fee.


There is a limit


Retailers must limit the amount of the surcharge to the applicable merchant discount rate. The merchant discount rate is the amount banks charge retailers for providing credit card services. The average discount rate is between 1% – 3%. There are some cases where the merchant discount rate exceeds 4%, however the new surcharge cannot exceed 4%.


Next time you go buy something at a store or online, find out if you are being charged the check out fee if you live in the states that allow it. You might want to consider paying in cash or debit card instead.