I have been very blessed and fortunate since my diagnosis with breast cancer to have the financial means to sustain myself. My employer provides me with short-term disability benefits, and also excellent medical insurance. However, there are a lot of folks out there who don’t have the same benefits I have. Often, they rely on crowdfunding to supplement their income and cover medical expenses during (and after) treatment. I am a firm believer that if people want to financially assist others in a time of need, the person who is need should receive as much of those donations as possible.
I understand that crowdfunding sites have to make money somehow. It costs money to process credit/debit cards and there are also expenses associated with having a website to begin with. Every time I scroll through my news feed on Facebook, I see one crowdfunding site in particular. It is very popular; therefore, I think that is why most folks instantly turn to it to raise money. However, it is not the only crowdfunding site, and there is another one out there that I would use, should I need to raise money someday.
Back in May, I was watching an episode of Shark Tank that showcased a crowdfunding site I had never heard of: Plumfund. I usually Google every company I find intriguing on the show, and I was shocked to see how low the fees were! I immediately fired off a tweet, which was then retweeted by Kevin O’Leary (aka Mr. Wonderful) himself. Plumfund is almost 5% cheaper on fees than the most popular crowdfunding site I typically see on social media. This made me smile because I know that the folks who are asking for donations could definitely use the extra cash.
While 5% may not seem like a lot of money, it is when you’re faced with the financial concerns after being diagnosed with a debilitating medical condition. It does not matter if it is temporary or permanent – every cent counts when you’re trying to figure out how you will financially support yourself and your family. So if you are considering crowdfunding, I encourage you to check out Plumfund. They also have a page on their website dedicated to etiquette – that I consider – very socially responsible. As a side note, Plumfund also permits you to crowdfund for different events, including baby showers, birthdays, and charities.