It is always an exciting moment when a sugar baby and her sugar daddy agree on the allowance. This may be overwhelming at first to most sugar babies new to the game, and they might often find themselves wondering what to do with all the money they are now receiving. An allowance for sugar babies is like a special income, an infusion of money that will have to be handled appropriately and with care. There are many ways of handling the transaction of the money between a sugar baby and her daddy. Here are some of the most popular methods.
One of the most popular methods used in relationships where there is an established trust between the sugar daddy and his baby. This requires some trust as the sugar baby has to give the name of her bank, her full name and her bank account number for him to make deposits directly into her account on a specific basis, be it weekly or monthly.
One thing to keep in mind is that though most sugar babies have an allowance of under $10,000, regular deposits of a few thousand dollars can still raise some questions from the bank.
Cons: Anyone who ever received a big bulk of cash knows how easy it is to lose track of your spendings and see it gone way before planned, which is why some money management skills are required for this method to be used. The routine process of handing over an envelope with a few thousand dollars in cash can be awkward for both the sugar daddy as well as the sugar baby. This can also lead to some minor paranoia, having to carry large sums of money, and the more cash, the more paranoid the person.
If this is the preferred method of transactions, make sure to make little deposits into a bank account just in case. Also, get some money orders that will handle the payment of the rent, tuition, and other expenses. These can be found in local post offices and are a safe and untraceable way of paying the bills and generally reducing the stress that comes with handling all that money.
Arguably the best option there is this day.
PayPal is an incredibly convenient way of sending and receiving money without having to bust out all of the sugar baby’s details. All that is needed is an email, after which the sugar daddy is free to send the allowance whenever he chooses to.
Since PayPal is not the only existing and working payment method out there, it makes sense to look at some of the countless alternatives that are available this day. Hundreds of apps are available that will let a sugar baby gain access to her allowance with only the email and/or username that is tied to the account. Some services worth trying are Venmo and Google Wallet.