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.
(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.
(Psst: this means borrowers pay interest and investors are rewarded with a $$ reward.)
Have personal credit card debt or a small business that needs $$? 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.)