Crowdfunding is an incredible concept. You ask your friends, family, and community for money – and they give it to you! Crowdfunding has transformed lives, made dreams come true, and raised money for earnest causes across the globe. Until recently, it was mainly used for business causes and other noble social causes like raising funds for medical expenses. Today, with an aim of saving personal finances, investors, travelers, retirees, birthday boys and girls, or anyone else can launch a crowdfunding campaign with various funding goals, and pass it to family, friends and social networks.
6 things you had no idea you could crowdfund
1. Crowdfunding Holidays
Without a doubt, traversing the globe and visiting new places is a dream most of us have. Money has always been the main stumbling block to realizing this once-in-a-lifetime experience. Nonetheless, not all hope is lost as crowdfunding can help raise the much-needed cash to make your dream come true.
If you are keen to save your personal finances, and you don’t mind putting a little effort, crowdfunding will see you through. You just need to be creative and passionate for people to see how serious you are about your journey, and that you can do everything possible to make your dream travel come true.
2. Crowdfunding your Dream Wedding
Sometimes funding your wedding can be so devastating, but thanks to technology, this might not be the case anymore. Crowdfunding gives you the opportunity to raise some of the funds you need to finance your dream wedding.
It is easy to set a campaign in various crowdfunding platforms. Moreover, some platforms allow you to keep the funds you raise, even if you do not hit the target. Thus, if your wedding budget is $10000, even raising $4000 can be of great help. You will only subtract the site’s charges and use the money to finance part of your wedding budget.
3. Crowdfunding Your Mortgage
When it comes to home repairs and remodelling, crowdfunding can help you save a significant amount of personal finances. Whether it is a deposit, closing costs or house improvement costs, you can set up campaigns to share with friends and family to raise funds for your home-related needs.
4. Crowdfunding Your Wish-List
You may be fed up with the types of gifts you usually receive on special occasions, like the ugly sweaters for Christmas or the white serving platter for your birthday. You can take advantage of a crowdfunding site to let people know what you desire.
5. Crowdfunding Your Retirement
If your retirement age is fast approaching, and you think you have not amassed enough resources to cater for your daily expenses, cover any emergencies that may arise as well as fulfill your life-long wishes, you do not have to panic. You can use the power of crowdfunding to reach out to family and friends for support.
6. Crowdfunding Your Medical Emergencies
Life happens. Sometimes in the process of having fun, you may end up getting an injury that is not covered by your insurance. The treatment may involve an expensive procedure that could drain your life savings. You can use crowdfunding to raise funds to foot your medical bills.
There was a time when seeking financial help from friends and family was shunned in Western cultures. Today, it is a symbol of a casual lifestyle that the modern generation identifies with. Once used to raise funds for business start-ups, crowdfunding is today a platform to fund personal causes and fantasies. Nonetheless, it is imperative that you always choose a reputable crowdfunding site like plumfund.com, with positive reviews to set up your campaigns.