An economic recession is certainly a tough time to try to raise money for good causes. Many big givers have to cut back because they have less savings or income than they did several months ago. Just when schools, charities, religious institutions, and other groups really need to raise more cash they find that lots of supporters have closed their wallets!

Why Do Casino Parties Work So Well for Fundraising?

• Many people love the excitement of casino gambling, but have to cut back on trips to places like Vegas or Atlantic City as their budgets shrink.
• You may be able to find people willing to donate prizes, especially if they can help them promote a business, where they may not want to give cash. You can certainly find some great donated prizes like day spa visits, weekend getaways at local hotels, car washes, or gift baskets.
• You can also get group members to donate snacks and drinks.

Here’s how you hold a private casino party fundraiser.

People pay an admission fee which buys them some chips for gambling. You can also sell extra chips! In addition, you may want to use some of the donated prizes for a silent auction. Non-gamblers will enjoy browsing the prizes as they try to get a good deal.

At the end of the gambling session, you can let the gamblers “cash” in their chips for fake money. This can be used to auction off the donated prizes. It is a good idea to have a few big and attractive prizes like week-end getaways or more expensive housewares. But also have some smaller prizes so lots of people can win!

Try to plan your fundraiser so the proceeds can cover hiring some professional dealers to really give your casino party an authentic feel. Of course, the idea here is to make sure you have money left over to donate to your organization!

You will find that your casino party fundraiser will be a lot more fun than going around and asking people to give more money!

Get more information on Casino Gambling Parties!

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Many people, like salesmen or contract workers, are used to dealing with a fluctuating income. Others, because of these rough financial times, are only beginning to have to manage their finances without knowing how much money they will make over the next several months. Of course, it is much easier to plan when you can predict how much money you will make next week, next month, or next year. But many people who are used to dealing with fluctuating incomes have some great tips!

• The advice that your parents gave you about paying yourself first is especially relevant. During fat times make sure you discipline yourself to set aside cash for lean times. If you need to come up with cash to tide you over, pay for an emergency, or even loan to your cousin George, it will be good to have the assurance of having a savings account to fall back on.
• Try to keep your monthly required bills as low as possible. For instance, if you need a new car loan, it may be prudent to extend the term of the loan in order to reduce monthly payments. Sometimes 0% car financing offers will not work out if the shorter term forces higher payments. If you anticipate an income reduction, this would be a good time to cut out extras like gym memberships. Walking is geat exercise, and it is basically free!
• Try to take some practical steps to reduce monthly bills that you cannot eliminate. For instance, this may be a great time to consider transferring high credit card interest rates to lower or 0% offers.

These basic suggestions may seem like common sense, but you’d be surprised by how many people do not follow them. When big money comes in, big money goes out, and when the windfall ends, little is saved for rougher times. We may not be able to control everything, like emergencies or dropping stock markets, but we can control some very important parts of our basic finances!

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