You can crowdfund you honeymoon, and if your marriage doesn’t last, you can crowdfund your divorce — all on the same website, Plumfund.com.
The site, which bills itself as “free online crowdfunding for the people we love,” has more than 15 categories to create a registry for your life-cycle needs, from baby to funeral.
One of them is Honeyfund, which Plumfund CEO and founder Sara Margulis said now channels about $115 million to newlyweds a year.
Based on the idea of millennials valuing experiences over material items, Honeyfund was created to provide couples an opportunity to raise money to fund honeymoon expenses instead of the retail registries for appliances and home decor.
“The honeymoon gift list is much like a traditional wedding registry, but you’re valuing experiences instead of things, and millennial wedding couples are valuing experiences over things much more than previous generations,” Margulis told CNBC’s “Squawk Box” on Monday.
Margulis said about 90 percent of the money raised can go toward honeymoon costs.
“The way our site works, the couple really ends up with the cash,” Margulis said. “What they’re doing is buying experiences that will last a lifetime.”