"I know, I could be regretting this in a few months when she ups her price or decides to blackmail me. Still would like to hear some input.."For the most part, sweet young coeds who are just trying to make ends meet in order to stay in school don't make ever-escalating demands for more money and the idea of blackmail won't jump in their heads either, unless they start thinking about you as their boyfriend/fiance. You might find yourself spending more money on lingerie, sex toys, entertainment, clothes, etc., though, but that's really all part of the fun, IMO.
"I've done my homework and read the upsides and downsides (downsides primarily being the emotional bond that could develop etc etc).
I'm going to take the plunge... I don't think I can be talked out of it"
Good for you! There's nothing like having a sweet young thing available for regular meet-ups, travel and general fun. Just remember to establish clearly the terms, conditions and duration of your financial support and set up regular points of evaluation where you can each assess whether or not things are working out. This is especially true at the outset, where a one month trial/probationary period makes a lot of sense.
Do not (repeat: DO NOT) pay her a full month's allowance at the beginning of your arrangement, but instead, provide her with a quarter of the total sum on a weekly basis for the first month or so. That way, if things don't shape up the way that you're expecting you won't be left with just your dick in hand wondering what went wrong and she won't be as tempted to back out of the deal after deciding that she just can't bring herself to have sex for money (or her mysteriously appearing boyfriend tells her to stop or...).
One of the other great things about arrangements like this is that you can be straight up with her about your desire to occasionally get a little something strange on the side without having to lie about the whole thing as you would have to in almost any other type of more traditional relationship. Also, the fact that the relationship is not designed to last for ever (or, at least, not in the same form that it begins as) makes the whole emotional attachment thing easier to deal with because an end date is built into it from the get-go.
I'd have two (or three, or even four!) sugar babies on the line more often if I could afford it. But finding a sugarbaby that also likes other girls is a great alternative because, that way, you can both enjoy something on the side together without you having to make the same kind of ongoing financial commitment to more than one girl at a time. Incidentally, it's also really fun to be able to shop together on RB for a bi-sexual rent girl that you can both enjoy instead of sneaking around and having to pretend.