If a family member or a friend is having financial difficulties, understandably you will want to support them as much as possible. However, you might not have enough disposable income to be able to provide them with the amount of money they need to get by. This is where the Give 360 Support platform can help. Give 360 Support leverages the power of strength in numbers and you can easily create a financial support group for a loved one in need. Once you have created an account, you can simply invite people you think will be both willing and able to join the financial support group, and it couldn’t be more straightforward.
Creating a support group is often the best way to provide sustainable and predictable financial support to a family member or friend, and below we have listed three reasons why you should consider setting up a support fund that lots of people can pay into.
Supporting another person financially can put a lot of strain on your own finances and the last thing you want is to get yourself into financial trouble by helping someone else. Creating a financial support group can help to take some of the pressure off your shoulders and it can significantly reduce the amount of money you need to provide to a loved one.
Whether you have three support group members or ten, everyone contributing towards the required donation amount will lighten the load for each of the other group members. Balancing the weight across a group of people will help to ensure that your family member or friend is getting the financial support they need, without individual members suffering. When people come together to provide financial support, the whole situation will be much less stressful.
If you can only afford to give your loved one £50 a month, for example, this may not be enough to get them through the difficult time they’re having financially. However, if ten group members all give £50 a month, your family member or friend will have £500, which will be undeniably beneficial for them and help them to get back on their feet.
When you create a financial support group, every member can make small monthly donations and these will quickly add up. By contributing smaller amounts to the support fund, you can ensure the financial support you provide is sustainable too. Ultimately, a sum of money that may be inconsequential to you can go a long way when it is matched by a number of other people who are also happy to support your loved one.
By coming together as a group and creating a joint support fund for your family member or friend, you can make sure they are getting the reliable support they need. As mentioned above, when each group member provides an affordable amount of money on a monthly basis, they’re more likely to be able to continue contributing to the support group for a longer period.
Financial support in the form of predictable, sustainable and periodic donations will be much more beneficial to your loved one than random and unpredictable support. They won’t have to go through the discomfort of asking multiple times for money and they will be able to plan, budget and take better control of their finances and their future. So, creating a financial support group will be advantageous for absolutely everyone involved.
All in all, it is fair to say that if you’re unable to financially support a loved one by yourself, you should consider creating a financial support group and the Give 360 Support platform makes the process of doing so really straightforward. If you would like to find out more about how Give 360 Support works, explore the rest of our website today. On our FAQ page, you will find lots of useful information about our platform and everything you need to get started. Should you wish to speak to a member of our team before setting up your Give 360 Support account, feel free to get in touch with us. We’re always happy to help.