Considering Crowdfunding Your Wedding? Maybe Don’t!
With traditional nuptials becoming less and less common, would crowdfunding your wedding be an option or is it even acceptable? Would your family and friends feel weird about it? Is it tacky? Strangers will not fund your crowdfunding campaign. Your friends, your colleagues, and your family will contribute to the fundraising campaign, after you announce the campaign. Media publications, wedding planners and bloggers, point out this could be distasteful. Why should your friends and family donate money for your wedding? Many couples espouse this concept, creating an online honeymoon registry with HoneyFund (couples have raised over $330,715,000), or use crowdfunding sites like GoFundMe.
Using crowdfunding for your wedding could work as more people are familiar with crowdfunding, especially young adults to avoid buying gifts. Friends and family can contribute meaningfully to the couple. If the campaign isn’t properly introduced to guests, family, and friends it may be construed as “selfish”, “begging” or “rude.” How to break the news to your guests, explain about fundraising, and answer pointed questions. Many people have launched wedding crowdfunding campaigns, with campaigns raising $0. Most projects raise from $2,000 to $5,000 from about 25 people. Many couples are turning to crowdfunding websites like IndieGoGo, CrowdRise, and GoFundMe to finance their weddings. Whether it’s a genius strategy to gather funds, or crosses the line, much depends on how it is handled! We love breaking the wedding rules with dark wedding dresses, to their friends officiating the ceremony, tattoo wedding rings, etc. Why crowdfund your cake, flowers and cake? Some reasons why it’s just not done:
Crowdfunding Sites Primarily Worked as Charity Fund-Raisers
If your wedding measures up to the needs of a small child fighting a life-threatening disease, a non-profit organization fighting world hunger or doing scientific research, do go ahead and try funding it on these sites. If not, avoid it.
Crowdfunding Your Wedding is weird
A wedding involves deposits for the venue and catering, to enable paying for your wedding before the actual day. Your fund must go viral to get traction or garner cash from anyone other than family members. Crowdfunding sites also take a percentage of the total earnings.
You Might Offend Some Friends and Family
Going to a wedding is expensive with costs for the flight to hotel accommodations and gifts. Suggesting guests to contribute money to the party invited, is simply asking too much.
You Can Always Add More Time to Your Engagement
Most people don’t put on a wedding in three months, so as to save money and afford the things they need. You may not like it, but a few more months, or even a year to your engagement helps you save more and afford your dream venue and favorite flowers. If you have to save on the wedding, don’t skip the cake in order to save, as there are plenty of ways and many tricks.
Bottom line:
Some people feel crowdfunding for weddings is not done. If opting for this route, follow simple guidelines. While it’s possible to do this sensibly, crowdfunding your wedding the wrong way can be perceived as selfish, leaving you little pride and no donations. Instead plan for an affordable wedding. If parents offer to assist and you accept it, they must be at the planning table. Never assume your parents or others will pay for your wedding.
More in Crowd Funding
-
`
Downsizing after Retirement is a Pain, but Here’s How You Can Go About It
Retirement needs extensive planning, and it is not just finances. Without proper plans for this next phase of life, chances are...
December 6, 2023 -
`
These are Some of the Greatest Inheritances Recorded the World-over
The Bloomberg Billionaires Index has listed the 25 richest families around the globe, and control over 1 trillion dollars of the...
December 5, 2023 -
`
Stunning Hotels Around the World Which Even Celebrities Fawn Over
Where do Celebs vacation? In certain aspects, superstars are similar to us, but not when it comes to vacation lodging. Stars...
December 1, 2023 -
`
Unlocking Financial Success: Timeless Wisdom from John Paul DeJoria
In a recent interview with Forbes, John Paul DeJoria, the visionary entrepreneur behind Paul Mitchell and Patrón Tequila, shared a wealth...
November 8, 2023 -
`
The Ultra Wealthy Want Their Privacy and They’ll Do Anything to Get It
Ultra-rich rapper Nicki Minaj in her pink Lamborghini worth $400,000 or celebrity entrepreneur Mark Cuban stepping out from his private jet worth $40...
October 31, 2023 -
`
How Celebrities Managed to Solve Their Financial Woes
Celebrities have lost billions and filed for bankruptcy while drowning in debt. If they can resolve their financial issues, then so...
September 8, 2023 -
`
Useful Real Estate Strategies at Various Stages of an Investing Career
There is no one perfect investing approach, as real estate investors are aware. At various phases of your investing career, investigate...
September 2, 2023 -
`
Do the Rich and Famous Celebs Have Secret Life Hacks? You Bet They Do!
You may apply lessons from your own life by studying the behaviours of those who have gained success and renown. Fame...
August 20, 2023 -
`
Debt Investments – What Are They?
Debt has always been a notion, and if someone owes a debt, they must also be the owner of that debt....
August 5, 2023
You must be logged in to post a comment Login