{"id":1264,"date":"2017-09-21T16:06:40","date_gmt":"2017-09-21T20:06:40","guid":{"rendered":"https:\/\/www.sugardaddy.world\/blog\/?p=1264"},"modified":"2019-01-09T04:16:45","modified_gmt":"2019-01-09T09:16:45","slug":"money-makes-smile-knowing-allowance-tips-donations","status":"publish","type":"post","link":"https:\/\/www.sugardaddy.world\/blog\/money-makes-smile-knowing-allowance-tips-donations\/","title":{"rendered":"Sugar Baby Basic: What To Do With Your Allowance, Tips, Or Donations"},"content":{"rendered":"
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I’m a sugar baby. I made more money in a weekend than I had in a month. Then I did it again the next weekend and the weekend after that. As I counted my cash and tried to figure out where to stash it, I wondered why I hadn\u2019t considered sex work sooner. I was giddy with excitement. I went wild. I bought anything I wanted and a few things I didn\u2019t even like. Who cared? I could do what I wanted. More money was coming.<\/p>\n

\"allowance<\/p>\n

I didn\u2019t realize that money in this life doesn\u2019t come in a constant stream. It comes in tides: high and low. It\u2019s the smart woman that can handle both with aplomb.<\/p>\n

I didn\u2019t realize that money in this life doesn\u2019t come in a constant stream. It comes in tides: high and low. It\u2019s the smart woman that can handle both with aplomb.<\/p>\n

I wasn\u2019t always smart. There came a time when I had a closet full of designer goods, thousands of Instagram likes and comments, and no idea how I was going to pay my rent or buy food. I only needed to experience the panic-inducing feelings associated with scarcity once to decided that I needed to make a plan and stick to it. I\u2019d prefer that you never know the feeling of scarcity so I\u2019m going to share my plan with you.<\/p>\n

Money is a tool. Know how you plan to use it.<\/b> What are the things that your money or\u00a0sugaring allowance absolutely has to do for you<\/a>? Rent, groceries, utilities, car payments, insurance, and gas? Write it all down and don\u2019t try to budget or dream here. You spend $100 on food a week but wish it was $50? That\u2019s great, muffin. Wishes are fantastic things and I never want you to stop collecting them. But they have no place in a working budget. Be realistic about the places where you have to spend money and how much you\u2019ll be spending.<\/p>\n

Save.<\/b> You knew this one was coming, yes? I\u2019d like you to be able to quit sex work and have a year to figure out what you want to do next without seeing a change in your style of living. That\u2019s right. A year of bills and indulgences put aside. Is this easy? Absolutely not. It requires you to hustle and avoid the temptation to ball out. But you can do it. At the bare minimum, you should have enough money to cover the slow season. Know your industry. Know when the money doesn\u2019t flow in as quickly and get ready for it. For me, the slow season starts around the holidays and ends at the beginning of March. I put aside money all year to make sure I\u2019m ready for it.<\/p>\n

Pay more than they\u2019re asking.<\/b> I\u2019m three months ahead on my rent. I\u2019m 6 months ahead on my phone bill and a few other utilities. Every credit card is paid off at the end of the month. If you know that you can\u2019t have cash around without spending it, this is a great way to \u201csave\u201d. My rule of thumb is to always pay 1.5-2 times the amount due for recurring expenses when possible. If your phone bill is $125 and it\u2019s been a good month give them at least $188.<\/p>\n

Pay down your debt aggressively. <\/b>Your credit score is important. You won\u2019t always be able to or want to pay cash for everything. Protect your credit at all costs.<\/p>\n

Don\u2019t deny yourself.<\/b> We don\u2019t do things that don\u2019t feel good. Most budgets are about denial and scarcity. Is it any wonder that most of us can\u2019t stick to them? What do you love? What things are an ingrained part of you daily routines and habits? What makes you happy? For me, it\u2019s documentaries, new books, flowers, shoes, brunch and going to the movies alone. These things are included in my monthly expenses. My budget covers Netflix and Hulu, 2 new books a week, fresh flowers twice a week, at least 2 new pairs of shoes a month, weekly brunch, and solo movie dates. These are things that I save for so that I can enjoy them year round, even during the slow season.<\/p>\n

Cut the unnecessary.<\/b> Confused? It\u2019s okay. I did just say not to deny yourself. However, there are things we buy that we know we don\u2019t need and will probably never use. Do you have clothing you haven\u2019t worn in six months but you\u2019re constantly introducing more clothes into your closet? Shopping constantly isn\u2019t a necessity for you. At least, not on your dime. Learning to curate and build outfits from what you have may be what you need to focus on instead. Are you constantly buying groceries and promising yourself that you\u2019re going to cook only to throw away spoiled food at the end of the week? Either find meals that you\u2019re excited to cook or change your purchasing habits. I hate cooking every night for one so I cook all of my meals for the week in one day and I choose recipes that are simple and quick. Find the unnecessary excess in your life and replace or eliminate it.<\/p>\n

Get health insurance.<\/b> I don\u2019t know about you but I have no intention of saving a year\u2019s worth of living expenses only to watch it all go to unexpected medical bills accumulated in a matter of weeks. Protect your savings and health. Get insurance. Ignore the voice in your head saying you\u2019re healthy and won\u2019t get sick. No one thinks they\u2019re going to suddenly be ill or break a bone. Get insurance. It\u2019s far easier to pay a few hundred a months for insurance than it is to suddenly have to fork over a few thousand.<\/p>\n

Get professional help.<\/b> It\u2019s easier than ever to get access to legal and accounting professionals. Businesses like Legal Resources offer almost unlimited access to an attorney in your area for $20 a month. And the peace of mind that comes with knowing you have a lawyer to answer your questions or represent you if need be is worth its weight in god. The same goes for having an accountant.<\/p>\n

Invest in yourself.<\/b> Money is a tool. How will you use it on your path to success? What are your dreams, goals, and passions? If you\u2019ll be paying for them with your own money, do you know how much money you\u2019ll need? This includes everything from gym memberships to continual education classes and materials and equipment if you\u2019re creative. Also, think about the things you need in your current profession. Do you need more or different clothing? Regular personal upkeep? Tools? The budget for all of this.<\/p>\n

Live within your means.<\/b> This is perhaps the most important thing we\u2019ll discuss. You don\u2019t need anyone\u2019s approval but your own. You don\u2019t need to measure your success by anyone\u2019s standards but your own. Don\u2019t be fooled into thinking that you need to prove you\u2019re a success by amassing a collection of objects. Financial security is more important than a stranger’s fleeting approval or admiration. Keep your eyes on your path and turn a deaf ear to those who would want you to stray from it.<\/p>\n

You are going to be successful. We both know it. You cannot help but succeed when you commit to your path.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

I’m a sugar baby. I made more money in a weekend than I had in a month. Then I did it again the next weekend and the weekend after that. As I counted my cash and tried to figure out where to stash it, I wondered why I hadn\u2019t considered sex work sooner. I was …<\/p>\n","protected":false},"author":10,"featured_media":4997,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-1264","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sugar-discussion","8":"anons"},"views":903,"_links":{"self":[{"href":"https:\/\/www.sugardaddy.world\/blog\/wp-json\/wp\/v2\/posts\/1264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sugardaddy.world\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sugardaddy.world\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sugardaddy.world\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sugardaddy.world\/blog\/wp-json\/wp\/v2\/comments?post=1264"}],"version-history":[{"count":0,"href":"https:\/\/www.sugardaddy.world\/blog\/wp-json\/wp\/v2\/posts\/1264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sugardaddy.world\/blog\/wp-json\/wp\/v2\/media\/4997"}],"wp:attachment":[{"href":"https:\/\/www.sugardaddy.world\/blog\/wp-json\/wp\/v2\/media?parent=1264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sugardaddy.world\/blog\/wp-json\/wp\/v2\/categories?post=1264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sugardaddy.world\/blog\/wp-json\/wp\/v2\/tags?post=1264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}