Hurray! It’s your first ever payday with a Sugar Daddy! You’re completely new to this, and having over 2k in hand is more than you could ever imagine. Sugar Daddy number one is definitely generous with his cash, but where do you go from here? How do you put all this money away?
The fact is Cupcakes, a lot of Sugar Babies have no idea what to do with their cash after they receive it. The most logical idea would be to
spend it take it to a bank, but there are a lot of variables to consider. This can vary state to state, so definitely check with your states laws on different ways you can get this money tucked away, also consider that some things you may do can arouse suspicion in your countries government or may also be considered illegal. So before following any of this advise, please please please check with your local laws! There are many different things to consider when receiving cash!
First of all, is your allowance over 2000? Mine was. Most seasoned sugar babies know that they shouldn’t deposit more than 2k a month into your bank. Anything over 2k will be reported by the bank. If you break it down into smaller transactions, you can still get caught. Basically, any random amounts of money going in and out of your bank will be going back to the government for them to see. So, a lot of Sugar Babies decide not to take that route.
If it’s not then you’re more than welcome to stick it right in that bank of yours, however, keep in mind that this can go back to the government and you could still be under scrutiny. The government could discover these transactions and then you’d be doing some Q&A.
I personally like to handle my money with money orders, and in cash. Paying rent with money orders from gas stations and stores is not traceable to you like it would be at a bank. I also like carrying cash with me. Keeping cash can be dangerous so investing in a safe was important to myself also. I find that prepaid cards are good when going out so I don’t spend all my money, and it also makes me more conscience about money verses putting all of my cash into my purse and going on my merry way. I will put smaller amounts into my bank when leaving for long trips, also, but I’ve never had any issues with that and looking “suspicious”.
My favorite way to get the bills paid is the sugar daddy actually paying them. Gifts, trips and rent is a great way for Sugar Daddies to pay us, and if you get bored of that Gucci bag, there is always Ebay. That can go into your paypal, right into your bank account. 🙂
Obviously, everyone has their own way of doing this. I really hate posting about how people should deposit money, because people are different and have different methods. What works for you may not work for another. I’ve had my other SB friends tell me my method was ‘wrong’ but it works for me.
So, I want to know SB’s, How do you handle your money?