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Right now I'm saving up for the Dream Suit and I just earn money any way I can, and if the total amount of bells I have goes over 90,000, I donate everything that goes above that amount.
I just pay in full right away. I usually can get about 600k in two hours at night ( beetles + rich town ) so projects are not that expensive. Occasionally my neighbors will donate like 100 bells. xD
I start the project in the morning and have it paid off myself before the next day. I let a project stay in construction mode for a full 24 hours once and when I went back I found my villagers hadn't chipped in at all, so for me it's much more preferred to do it myself. I'd be more willing to wait for villagers to chip in if I could have several projects building at once.
I wish villagers chipped in more than they do. It seems really pointless for them to even put in those 200 or so bells when it means nothing in comparison to the total cost :/
My villagers have chipped in $1,000 bells total, out of all the town projects I've done. It seems like the villagers I talk to the most, will chip in more often...but, it's still nowhere near enough to pay off a project.
Same! Also I just found that beetles go for a lot more in my opinion and so much easier to get. Only downside for me is waiting until night since I don't time travel. xD