Allowance for a favorite provider?

[notarobot]

Anyone giving assistance to a "friend" by, for example, giving him a debit card from your bank funded with 

monthly deposits? Having Sugardaddy urges for a regular provider. I want to give ongoing encouragement

and support without exposing myself to any risks. Advice??????

[+ Vegas_Millennial]

On 5/23/2025 at 1:21 AM, notarobot said:

Anyone giving assistance to a "friend" by, for example, giving him a debit card from your bank funded with 

monthly deposits? Having Sugardaddy urges for a regular provider. I want to give ongoing encouragement

and support without exposing myself to any risks. Advice??????

Instead of setting up a bank account with your bank (and assuming in your name), why not just make monthly deposits into his existing bank account?  This way you don't have deal with inevitable overdraws, lost debit cards, or suspicious activity.  The account only belongs to him.

[marylander1940]

On 5/22/2025 at 7:21 PM, notarobot said:

Anyone giving assistance to a "friend" by, for example, giving him a debit card from your bank funded with 

monthly deposits? Having Sugardaddy urges for a regular provider. I want to give ongoing encouragement

and support without exposing myself to any risks. Advice??????

 

No!

Pay as you go!

if he needs money, just hire him more often and for longer periods, pay after the deed is done!

Edited May 25 by marylander1940
DEED NOT 🦌 😂

[+ FrankR]

13 minutes ago, marylander1940 said:

pay after the deer is done!

Oh dear! I think you meant to say deed. 😆

(And I agree - pay as you go is the way to go, to not end up as a deer in the headlights!) 

[marylander1940]

12 minutes ago, FrankR said:

Oh dear! I think you meant to say deed. 😆

(And I agree - pay as you go is the way to go, to not end up as a deer in the headlights!) 

[notarobot]

Thank you all for your input - especially Vegas_Millennial.  I do pay per time, I'm looking for something extra where he can use some money

to avoid everything going on his credit card while leaving something to accumulate. I've gotten him to understand how much his cards are

dragging him down ( he paid off his store cards when I told him the interest was higher than his other cards ). With high rent and irregular income 

he is trying to pivot to a more manageable NOW but he has no clue about investing for the future. In his thirties and helping his parents in S. America 

he's not extravagant in any way. As he gets in the habit of planning for the future I can increase the allowance and eventually stake him to a

brokerage account. Technology has put me above the first high-net-worth-tier ( according to Forbes ) and that and AI can do the same for him

when I'm not around.  

[viewing ownly]

On 5/26/2025 at 10:31 PM, notarobot said:

Thank you all for your input - especially Vegas_Millennial.  I do pay per time, I'm looking for something extra where he can use some money

to avoid everything going on his credit card while leaving something to accumulate. I've gotten him to understand how much his cards are

dragging him down ( he paid off his store cards when I told him the interest was higher than his other cards ). With high rent and irregular income 

he is trying to pivot to a more manageable NOW but he has no clue about investing for the future. In his thirties and helping his parents in S. America 

he's not extravagant in any way. As he gets in the habit of planning for the future I can increase the allowance and eventually stake him to a

brokerage account. Technology has put me above the first high-net-worth-tier ( according to Forbes ) and that and AI can do the same for him

when I'm not around.  

If you're invested in this man's life to this degree, and you appear to be rather financially comfortable, why not just take him in? He can continue to "do his thing", and heck, if you like what he does, join in as an available duo. That way, he's all yours the times you're not working. It's a difficult dynamic to make last, but it can be done. Otherwise, it appears he's zoned in on knowing how he can take advantage of you. He's not a spring chicken. 

[SirBillybob]

I am fawn of, in venison with, the pay-per-lay playbook, as is my Aunt Lorraine.