Ah yes, the least glamorous part of being a sugar baby, the fiscal responsibility. When many of us get into this lifestyle, we picture living fancy, spending without a care, and getting everything we want. Well, welcome to the real world. My allowance is $5000 a month, and if I bought all of the shoes and bags and clothes my heart desired, I could spend all that money easily. But that would be silly, because as nice as shoes and bags and clothes are, they aren't the main reason I got into this lifestyle and they certainly won't pay the bills if I ever get desperate.
The thing is, I suck at budgeting and spending money. I tend to use it up to quickly and then I'm desperate for money around the end of the month. But a Sugar Daddy can drop you on a dime, so this is obviously not ideal. So I'm implementing a strict budget for myself for the year and here's what I'm doing so you can too.
Set aside half of your allowances. I know, not fun at all. But it's important to try to save at least half of your allowances. Buy a safe and stash half in there every month. For me, this is my "travel-car-life after college-rainy day" fund. I'm saving towards specific goals, but I also know that money is there should I ever need it.
Give yourself a "weekly allowance". Take your monthly allowance and break it up into weekly increments, but not just for the month. Try to break it up into 4 months worth of weeks. For example, when I get my $5000, $3000 will go into savings. Then, I'm breaking up the money into 13 envelopes with $125 dollars in each of them. This is my money I can use for groceries, booze, going out with friends, basically anything I need for the week. Is $125 a week glamorous? Not really, but I can comfortably live on it and it gives me 13 weeks to find a new SD if my currant one decides to dump me for whatever reason. I will then add to each weekly folder. So next month, I'll put another $125 in each of the remaining envelopes, and I'll have $250 to spend every week. My weekly "goal" is $300, so the month after that I'll add another $50 to each remaining envelope, then I'll put $100 in 15 new envelopes to save for summer and repeat.
Budget for Shopping and Big Purchases. If you were paying attention above, you may have realized that 3000+(13x125)=4625, not $5000. That's because I budgeted $375 to go shopping for the month. Look, shopping is obviously super fun, but walking into a store with your full allowance in hand is just stupid and irresponsible. Bring the amount you budgeted with you and stick to it. Shopping is way more fun when you don't have "oh no, I shouldn't have bought all this stuff I wasted so much money" regret. I think ahead to any big purchases I need to make and plan for them. For example, I know I want to get my hair done in March, which is going to be expensive. So I budgeted extra money into March's "spending" category for that expense.
Roll Your Weekly Money Over. So odds are I won't be spending my entire weekly budget every single week. What shall one do with this left over money? I'm putting into my "roll-over" envelope, which I will let accumulate. I can do whatever I want with this money. I can add it to the shopping budget for the month, use it to save up for a big purchase, or draw from it (not my savings) if I need a little extra one week.
Get a "bonus" Sugar Daddy for Big Things. Well, technically I already have one, so this is more of a suggestion. To me, a bonus SD is a SD who you see very infrequently, generally due to travel or work. Mine gives me $1500 every time we see each other, which is rare, due to his travel for work, about every 2 months. I view this as "bonus money" and I would use it on a single, large purchase that my monthly budget doesn't account for, such as a new laptop, phone, expensive bag, etc.
Get your SD to Pay for as Much as Possible - duh.
