IronBear
Posts: 9008
Joined: 6/19/2005
From: Beenleigh, Qld, Australia
Status: offline
|
quote:
ORIGINAL: Rover
quote:
ORIGINAL: berrysurprise
Just wondering what the thoughts are regarding financial control in D/s?
I think it's great for those who enjoy it, and structure it sufficiently.
quote:
In your opinion when and how do you think it can work?
I think it works well in situations that are very similar to traditional vanilla relationships in which the head of household had full financial control. First being a level of trust that has been developed over time and with good reason... not trust that has materialized out of thin air because a collar is offered and accepted.
From a legal standpoint, I believe it's important to have property and accounts in both names so as to avoid probate in the event of death, and allow access in the event of medical incapacity. You might also consider a small, personal, emergency account for the unthinkable.
Beyond that, most of the particulars should be negotiated (really thought out and negotiated) and agreed to amongst the partners. Depending upon what is involved (house, car, bank account, retirement fund, etc) this could be a far more important decision than accepting a collar.
John
Generally I believe John has nailed all the crucial aspects. I would like to add though that my experience is exclusively in the M/s arena and not the D/s one. My object is two fold with a girl in a collar (either a Bruin Cottage Collar or my Personal Collar): - Firstly I want to ensure that she has some form of ongoing fiscal safety net which is increasing by regular deposits.
- Secondly I will want her to contribute to the running costs of the home (Food, Utilities, Internet (if she is a regular user) and Cable TV etc). This will vary from an equal share split between all residents to a token amount.
My methodology is simple in which she either brings home her wage packet (cash) or her wages are paid into a joint account. With her beside me, the contribution is transferred into the housekeeping account run jointly by myself and my wife Lady Neets. Then most of the balance it transpired into her (the slave’s) personal bank account leaving a small amount which is her allowance and which she can draw against any time with permission. Since her personal account is accessed only by her it is safe but I will do irregular checks and will site and check her statements as they arrive. Not a matter of lack of truest but it is a matter of me taking an active interest in her financial security.
Because Lady Neets and I are married, there is no thought of a slave needing to have a financial interest in any of my property unless I choose it to be so. In the event of my death (unlikely until the next millennium), documents would be signed and a copy left in my safe with the other left as an addendum to my will.
quote:
ORIGINAL: oceanwynds
When i was married, to my late husband, I didn't work outside the home, nor take care of the finances. After his death, I had to learn to become finanially independent. That was one of my goals when I met Sir, so he has helped me to learn to do this.
oceanwynds
Interesting comment lass. My wife grew up in a Military home (she is an Army Brat) which was based on the 1950's style family where her Father handled all the finances leaving her with no idea how to work a household budget etc. I have, to train her to handle out finances in the advent of my death, so that no bastard can rip her off (she is a soft touch and has a huge heart), supervised her dealing with all our finances and even thoiugh I could see situations which were going to cost us, I let her make those mistakes (after ensuring that the loss was not devistating) and thus she learned and learned well.... She is one tough cookie now which is good,
_____________________________
Iron Bear
Master of Bruin Cottage
http://www.bruincottage.org
Your attitude, words & actions are yours. Take responsibility for them and the consequences they incur.
D.I.L.L.I.G.A.F.
|
RE: Financial Control in D/s - 
Profile
nor does my owner want the controls to everything financial. I've got complicated finances, it isn't a matter of a weekly paycheck. There are a host of IRAs and other mysterious stuff and my fathers financial team handles it all. If I didn't have access to that team I would probably beg R to take over but I would not sign over because it is family money, not really MY money. 
I do most of it through internet banking and He gives me His half of the bills and money for food in cash. We take turns at paying for petrol and we each pay for our own medications (He has a lot more of those than I do). 
Therefore this precaution is now to ensure to pull the break on hard now and I am glad that it goes this way as my life as a student is a bit too tough for me at the moment financially in expensive uk... 
New Messages
No New Messages
Hot Topic w/ New Messages
Hot Topic w/o New Messages
Locked w/ New Messages
Locked w/o New Messages
Post New Thread