Financial Tips for Sugar Babies
“Why does a kept woman (also known as a sugar baby or sugar babe) need to know about finances?” you may wonder The answer is simple. Just because you have a wonderful sugar daddy taking care of you now doesn’t mean she’ll always be around. Your special circumstances as a sugar baby require special attention.
You need to know what to do with the gifts you receive (besides spending them). Every woman, married or single, wealthy or financially challenged, needs to have a plan for her future that is independent of any current or future partner. If the need arose, she should be able to take care of herself and her assets.
Setting goals is a very important part of Sugar Baby Finance. When you set goals, you have something to achieve. You will be better able to discuss your financial wants and needs with your sugar daddy. That doesn’t mean you should run to him with your financial problems, but with a plan in mind, you’re better equipped when it comes to discussing your financial arrangement with your sugar daddy.
One of your first goals as a maintained woman is to get rid of any financial burdens. If you have credit card or student loan bills, pay them off as soon as possible. When you’re not endlessly worrying about paying bills and bill collectors, you’ll be able to give your man more than he needs. As a result, he may become more generous.
You should consider saving a portion of each cash gift you receive from your sugar daddy. Consider starting with 50%. Of course, if you have bills that are desperately overdue or you need the money to pay your rent, do that first. But after you’ve taken care of the necessary expenses, save half of what’s left. The more you save, the sooner you can reach your financial goals.
Maybe you’d like to buy your own house or a fancy car (assuming you can’t convince your sugar daddy to do it). Wouldn’t it be great to open your bank statement one day and discover that you have a good amount of cash at your disposal? If you make a deposit into your savings or investment account every time you receive an amount of money from your sugar daddy, you’ll be well on your way to reaching those goals.
