handling slaves money? (Full Version)

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fusion -> handling slaves money? (2/27/2007 4:33:00 PM)

What is the group think on handling the finances for a no limits, no rights slave?   Heard to bank her earning for her if there is a parting.  Read others are income earners for their msters, how they feel on the subject?  Any sent away slaves with input?



BBBTBW -> RE: handling slaves money? (2/27/2007 4:41:19 PM)

Start an interest bearing checking account in both your names but have it read and/or.  Place a pre-determined amount in the account every pay day (percentage is usually the best).  This can serve as her severence money should anything undo happen in your relationship.  The rest is a contribution to the household.  She eats, uses utilities etc.....thats not free anywhere.



SilverShadows -> RE: handling slaves money? (2/27/2007 4:46:36 PM)

I would put asside a percentage of their earnings for them so they didn't leave empty handed.



SusanofO -> RE: handling slaves money? (2/27/2007 4:58:39 PM)

Well, nobody is getting their hands on my funds without my express agreement. It is a "limit" of mine (but I am a submissive, not a slave). It would require a lot of trust on my part. My Daddy knows something about investments (but has not mentioned possibly managing mine. Maybe he will. I will cross that bridge when-if I get there.)  

Many "vanilla" couples are married, and when-if they divorce, one party is often financially less better off due to that. I am not sure the potential for financial mis-management, or for one party "rob the other blind", so to speak, can be made to see to bear only on an M/s relationship.

As for the rest, I think it is whatever the couple decides, before the slave becomes a slave. I recommend people be optimistic, but cautious, (as usual). 

- Susan



goodpet -> RE: handling slaves money? (2/27/2007 5:03:59 PM)

We have a multi-step plan, sounds difficult to describe it but it is not really.  my pay goes into a direct deposit. Since i have a son in college who i still help, a part is auto transfered to my son. Then a part goes into a savings for me to use for family stuff.  then the lion share goes into the joint house checking and auto bill pay comes out of that, the rest is put into a joint checking for daily stuff.  I have a %  put away through work for retirement and investment.  

I was given the task of managing the money so came up with this system, He is joint on all my accounts (except the account with my son). i am not joint on his checking accout.  He can monitor and follow all the house bills, paid by the house accout, and monitor how i spend the rest and how much saving i have for us.  

He makes sure my needs, and my son's, are met, that i have savings, retirement and even pocket money, but all i bring in to the relationship is His, including my paycheck.



FukinTroll -> RE: handling slaves money? (2/27/2007 5:11:47 PM)

Well... if she manages it better than I... then I will damn sure give her the responsibility.



AquaticSub -> RE: handling slaves money? (2/27/2007 5:11:50 PM)

I would like my dominant to eventually take control of my money (probably if/when we tie the knot) as I am terrible with money. However I will always maintain a bank account that only I can touch with enough maintain myself and unmentionables (if they come into the equation) for at least a short period of time. This is not just for if I am released but if a diaster were to befall Valyraen.



hisannabelle -> RE: handling slaves money? (2/27/2007 5:14:39 PM)

quote:

ORIGINAL: fusion

What is the group think on handling the finances for a no limits, no rights slave?   Heard to bank her earning for her if there is a parting.  Read others are income earners for their msters, how they feel on the subject?  Any sent away slaves with input?


He chooses to give me the right of handling my money. He has the ability to take away that right at any time, but so far, He hasn't.



RWAble -> RE: handling slaves money? (2/27/2007 5:18:43 PM)

Since I have considerable investments and portfolios, money doesn't really play a role. When people bring money into the lifestyle; other than the day to day needs of everybody and concerning family needs; then I think that is what pros are for.
If it is a relationship of trust, then money becomes  a consorted treasure to benefit all parties concerned.
So to sum it up: We can't take it with us, so it should be enjoyed by all; including the siblings of everybody involved.



KatyLied -> RE: handling slaves money? (2/27/2007 5:19:31 PM)

I would not allow anyone to control my money.  The money I've earned and saved.  I don't think so.  If it comes to the point of sharing household expenses, that's a different story, but I would never hand over my earnings to another person, I don't care if he calls himself Master.



mnottertail -> RE: handling slaves money? (2/27/2007 5:23:04 PM)


So the you can call me Ron thing don't impress you much?

Tell me, is it true that only a year ago, you were cutting sugarcane?


Groucho Marx



SilverShadows -> RE: handling slaves money? (2/27/2007 5:24:15 PM)

The original post dealt with a no-holds barred slave. A submissive would be something else again which would have to be negotiated.



SusanofO -> RE: handling slaves money? (2/27/2007 5:27:02 PM)

Well okay, I would never be a no-limits slave to a Dominant I didn't completely trust then, put it that way. I think people should be cautious about who they let themselves become mesmerized by, when it comes to their funds.

- Susan



hisannabelle -> RE: handling slaves money? (2/27/2007 5:28:53 PM)

quote:

ORIGINAL: SusanofO

Well okay, I would never be a no-limits slave to a Dominant I didn't completely trust then, put it that way.


this is the way i see it, as well. i wouldn't enter into the kind of d/s relationship i have if i couldn't trust the dominant with my money (or my life, or anything else).



SusanofO -> RE: handling slaves money? (2/27/2007 5:31:09 PM)

RWable: That's very generous, and I see your point and mean no disrespect, but: What if the relationship breaks up, and you are stuck with car loans, home loans, etc., that you no longer wish to pay for? The length of the average bdsm relationship is something like 3-6 months. I agree it does pay to be optimistic and generous, but not un-thinking (unless someone is a "money slave", which is a whole 'nother ball-game).

Maybe I'd have to be married to the person first, to give them all-out control over my funds, beyond spending money and saying what portion of bills I'd pay if we lived together (I have amended my answer, I guess). Maybe not (am undecided I guess).

Married folks do have some legal recourse that merely co-habiting couples do not. There are also some legal draw-backs to being married (hard as that might be to believe), but on the whole, I think it might pay to be married, if one has a substantial financial amount to lose or gain. And of course, one could always have a 'pre-nuptial agreement' (unromantic as that sounds).

- Susan



kyraofMists -> RE: handling slaves money? (2/27/2007 5:37:54 PM)

He controls all the money that I receive and one of my requirements is to build a sizable nest egg.  The money is all kept in my name but he has complete authority over how I spend it.  I am given a budget each month and held accountable for staying within the budget.

It was one of the more difficult things to give authority over but I enjoy it because it provides a consistent push for me whenever I spend money.  It provides a nice tug on the leash for me on a regular basis.

Knight's kyra



bastardandthewen -> RE: handling slaves money? (2/27/2007 5:43:57 PM)

I'm married to the Bastard; this is my second marriage; I walked away from my last with nothing other then my clothing and my books.

And still, I don't bother with money, nor bother with maintinaing a savings account "to support me just in case". I'm fairly confident in my ability to land on my feet and start over if things end. I'm certainly not worse off in the relationship then i was when it began, as I was then with nothing. At least I know he was not looking for a sugarmomma!

We make joint decisions on the big stuff like investing -  but ultimately, as he makes far more then me, I'm content letting him have final say -  he is good with money in general. I can only think of one instance where I got cold feet on an investment (time share property) and he went ahead. I still think it was a bad decision, but in the meantime we have had a few good holidays from it, and the investment was not back breaking, so I chalk it up to a klearning experience, really.



DiurnalVampire -> RE: handling slaves money? (2/27/2007 5:47:05 PM)

When and if I take over Angels finances, itg wil not be completely.  I have no desire to have to manage his money and have to worry about making sure things are taken care of if we were to split. He knows how to take care of his own finances, and I am confident that he can do a good job.  If I had to worry about his abilities, I might have a different outlook.  Thankfully I dont have to.

DV



Faldegast -> RE: handling slaves money? (2/27/2007 5:49:28 PM)

There are a lot of different aspects on this issue. Not letting the slave have money can be an important factor in power exchange, you control its access to all resources and therefor eliminates all independence. Setting up a shared accound could have a negative effect on this. You should make sure the slave gets taken care of if something happens to you but there are other ways to do that. For example you could make sure that another master takes over if you cant continue.

If the purpose of handling the slaves money is to control the slave, the masters economy isnt an issue. Even if the master is very rich this still has a purpose.



SusanofO -> RE: handling slaves money? (2/27/2007 5:53:32 PM)

Faldegast: I see your point, and mean no disrespect, there are many aspects to the issue, overall, I agree. A Master could also use his "Dominance" as a reason to buy himself a Houseboat or second "vacation home" and put it in only in his own name. I am sure it's happened before. Then if the they end the relationsip, guess who gets that property?
I think this is a fairly good topic for discussion, actually. 

- Susan



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