group gifts http://www.wisebread.com/taxonomy/term/11515/all en-US Crowdtilt: An Easier Way to Share the Cost of a Group Event http://www.wisebread.com/crowdtilt-an-easier-way-to-share-the-cost-of-a-group-event <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/crowdtilt-an-easier-way-to-share-the-cost-of-a-group-event" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/cdn/farfuture/7-9sD33Fvr_YyWg1OtjgWPKfC-gGI-0n72xtN41bE8Q/mtime:1358420254/files/fruganomics/imagecache/250w/blog-images/4385036218_f13c978b3a_z.jpg" alt="party" title="party" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>If you've ever been stuck with the bill for a group gift, tried collecting money from friends in a fantasy sports league, or passed the hat to get more money for beer at a tailgate party, then you know the feeling of being stiffed. (See also: <a href="http://www.wisebread.com/tailgating-on-the-cheap">Tailgating on the Cheap</a>)</p> <p>It's not fun for your budget, and after too many pleas for those IOUs to be fulfilled, you may just give up and consider it an act of charity.</p> <p>As with many problems, a solution can be found online.</p> <p>Websites such as PayPal and <a href="http://www.eventbrite.com/home/" target="_blank">Eventbrite</a> make it easy to send someone money and to collect money for an event you've set up. But one site has what I think is a smartest solution to being left with the bill &mdash; <a href="https://www.crowdtilt.com/" target="_blank">Crowdtilt</a>.</p> <h3>Your Crowd's Contributions &quot;Tilts&quot; the Campaign to &quot;Funded&quot;</h3> <p>The site, which launched a year ago, allows users to set up parties, vacations, and other events for which groups of people will share the cost. For example, if you're renting a summer vacation home for a family reunion for $3,000 for a week, Crowdtilt can collect money from each person through their credit card, and then deposit the money in your bank account when the event &quot;tilts&quot; at the $3,000 funding mark.</p> <p>A 2.5% fee is added to each credit card transaction, and Crowdtilt charges a 2.5% fee for the total amount of money pooled when the campaign is fully funded. A buffer of 2.5% to 5% can be added to a campaign to cover the fees.</p> <p>Sure, it would be a lot easier if your family sent you checks or cash before the reunion, but some deadbeats might not pay up or will want you to front them the money. Crowdtilt prevents you from holding the bill by not giving you the money for the event until the full amount, or more, is paid for by group members. If it's not funded by a certain time, then the event expires.</p> <h3>Nonprofit Roots</h3> <p>The site started with the idea of helping nonprofits do fundraising, but it quickly turned into a way for people to collect money from their friends for &quot;really trivial, lightweight things like fantasy football, birthdays, tailgating, gifts, and <a href="http://www.wisebread.com/alternative-wedding-registry-ideas">wedding gifts</a>,&quot; says James Beshara, CEO of Crowdtilt.</p> <p>&quot;Psychologically it's strange to sell tickets to your friends for a party bus or rent out a bar for your friend's birthday,&quot; and Crowdtilt makes asking for money for such events a lot easier, he says.</p> <p>A few hundred campaigns are started on Crowdtilt daily, Beshara says, with a 60% completion rate.</p> <p>Crowdtilt customer Taylor Hill, a real estate analyst in Dallas, says he has started five successful campaigns for events, including tailgate parties, a fantasy football league, a Christmas party with the <a href="http://www.wisebread.com/surprisingly-easy-ways-you-can-support-charity">proceeds going to a charity</a>, and his first event &mdash; a March Madness bracket challenge. Collecting money is the worst part of a fantasy football league, says Hill, but the site made it easy.</p> <h3>More Money Than Asked For?</h3> <p>Most Crowdtilt campaigns raise more money than was originally asked for, with the average getting 188% of funding, Beshara says. The extra money can either be given back to the participants, or used to buy more liquor, groceries, an extra gift, or anything else for the event.</p> <p>&quot;Everyone kind of gets this team effort to get a campaign to tilt,&quot; he says, adding that the top group gifts for website users are wedding gifts, followed by group experiences, group tickets for an event such as a concert, and <a href="http://www.wisebread.com/housesit-on-your-next-vacation">vacation home rentals</a>.</p> <p>Maybe the best thing about Crowdtilt is it spreads the responsibility of holding an event to everyone involved, not just the organizer. Just because you thought of a great group gift for a brother's wedding doesn't mean you have to pay up for any stragglers.</p> <p>&quot;Everyone has to pay,&quot; Beshara says. &quot;You don't have to front the money and miss out on one to two people not paying.&quot;</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/aaron-crowe">Aaron Crowe</a> of <a href="http://www.wisebread.com/crowdtilt-an-easier-way-to-share-the-cost-of-a-group-event">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-you-getting-these-5-things-for-free">Are You Getting These 5 Things for Free?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/frugal-oscar-party-ideas">Frugal Oscar Party Ideas</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-best-5-credit-cards-for-groceries">The Best 5 Credit Cards for Groceries</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/breaking-the-bread-code-how-to-get-the-freshest-loaf">Breaking the Bread Code: How to Get the Freshest Loaf</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/13-food-items-to-always-buy-in-bulk">13 Food Items to Always Buy in Bulk</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Entertainment Food and Drink Shopping crowdtilt event planning group gifts Thu, 17 Jan 2013 10:49:10 +0000 Aaron Crowe 965655 at http://www.wisebread.com The Art of the Group Gift http://www.wisebread.com/the-art-of-the-group-gift <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-art-of-the-group-gift" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/cdn/farfuture/3lwwPTEQslaSkJEVBGVm5L844Tz0NfcUUDP-3VbfBNw/mtime:1353592709/files/fruganomics/imagecache/250w/blog-images/2715349853_9ab818671e_z.jpg" alt="group gift" title="group gift" class="imagecache imagecache-250w" width="250" height="188" /></a> </div> </div> </div> <p>Last year, I gave a friend of mine a laptop. Another friend received a guitar. I got a trip to California.</p> <p>Are we all fabulously wealthy? No way! Our circle of friends makes liberal use of &quot;group gifts.&quot; By pooling everyone's resources, we can give people a high-end gift they will really use and love, instead of a pile of tchotchkes that will be put aside and forgotten once the party is over.</p> <p>A group gift is a pretty simple concept: everyone pitches in the $10-$30 they would have spent on a birthday or holiday gift for Susie, and Susie gets something expensive that she really wants. While simple, group giving can also become a sticky situation if done badly. Here are some guidelines for group giving. (See also: <a href="http://www.wisebread.com/5-reasons-to-change-traditional-holiday-gift-giving">5 Reasons to Change Traditional Gift-Giving</a>)</p> <h3>Be clear who is organizing the gift.</h3> <p>Too many cooks can spoil a sauce, so let one person handle the communications and payments.</p> <h3>Be sure the gift is something your friend or family member really wants.</h3> <p>Nothing's more anticlimactic than coordinating efforts between 20 people only to have the recipient open your gift on Christmas morning and sincerely say, &quot;Oh, you shouldn't have.&quot;</p> <h3>Ask nicely.</h3> <p>Not everyone wants to contribute to your fancy present, no matter how great an idea it is. People may be strapped for cash, or planning their own gift, or simply not interested. Be sure that your invitation to chip in doesn't come off as a guilt trip.</p> <h3>Make it easy.</h3> <p>Set up a PayPal or other electronic account for people to send money to, or give them an address they can drop it off at. Choose the methods that work best for your group.</p> <h3>Plan ahead.</h3> <p>Especially at the <a href="http://www.wisebread.com/25-tips-for-smart-and-safe-credit-card-use-during-the-holidays" title="Smart (and Safe) Credit Card Use During the Holidays">holiday season</a>, when everyone is gift shopping, it's important to let people know early if you want to do something as a group. It might be awesome to surprise Mom with a trip to Disney under her Christmas tree. But if you wait till Christmas Eve to ask your siblings to join you in paying for it, you'll find they've already done their shopping for the year.</p> <p>What kind of gifts make good group presents? Anything that is valuable to the person getting it, spendy and not particularly intimate. You probably don't want to split the cost of a pair of earrings or a dinner out, for example. Laptops, vacations, art objects and hobby supplies all make great group gifts.</p> <p>Put some thought, too, into who you want to team up with. Everyone on your birthday party invite list?&nbsp;Just your siblings to do something special for mom and dad?</p> <p>In addition to giving people more valuable gifts, group gifts are a great choice for anyone interested in a &quot;Green Christmas.&quot; Since you're giving only one gift, you're reducing demand for piles of cheap manufactured import goods, and putting your money into a quality product.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/sierra-black">Sierra Black</a> of <a href="http://www.wisebread.com/the-art-of-the-group-gift">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/25-great-gifts-for-5-or-less">25 Great Gifts for $5 or Less</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/wise-bread-gift-guide-gifts-that-save-money">25 Gifts That Save Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-holiday-mistakes-that-can-ruin-your-cheer">8 Holiday Mistakes That Can Ruin Your Cheer</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-what-you-spent-on-this-holiday-season">Here&#039;s What You Spent on This Holiday Season</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-wrap-gifts-with-leftovers">How to wrap gifts with leftovers.</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping Christmas gift ideas gifts group gifts holiday shopping Holidays Wed, 02 Dec 2009 05:13:48 +0000 Sierra Black 3901 at http://www.wisebread.com