Crowdfunding

by astanhaus

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Ladies, while we do like to stand out in a crowd, we want to be in the know about the current crowdfunding trend. While I say trend, I do think crowdfunding is here to stay.

Now when we need $$ to make a certain something happen, we can create a crowdfunding campaign, build a community around our certain something, and raise the $$ we need to get it done.

FYI: not all crowdfunding platforms are created equal. Let me explain.

Donation-based Crowdfunding

(Psst: this means when we give $$ we get goodies as a reward.)

Have a creative itch? Use Kickstarter.

Have a group vaca to plan? Use Crowdtilt.

Have a [insert whatever] that needs $$? Use Indiegogo.

Investment-based Crowdfunding

(Psst: this means borrowers pay interest and investors are rewarded with a $$ reward.)

Have a loan that paid for grad school? Use CommonBond. (I know…it’s my second mention in a week, I’m a fan.)

Have personal credit card debt or a small business that needs $$? Use Lending Club.

I give us all permission to stick with the crowd — just this once.

Good luck crowdfunding!

(Originally published on Amanda Stanhaus’s financial literacy blog XO, Bettie.)

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