Six Budgeting Tips for Your New Year’s Party (Part 3)

December 24, 2013

Cut down on the cost of hosting a New Year’s party this year by asking your guests to bring items to your party and getting creative with the cocktails you plan on serving.

Cut down on the cost of hosting a New Year’s party this year by asking your guests to bring items to your party and getting creative with the cocktails you plan on serving.

Concluding the three-part blog Six Budgeting Tips for Your New Year’s Party, here are some final tips to keep in mind if you want to put on a fun New Year’s party without racking up huge credit card bills.

  • Tip #5 Ask each guest to bring one item: Just because you decide to host a party, does not mean that you have to be responsible for every item at the event. In fact, delegating some of the responsibility for the decorations or food and beverages at your party can be a fun way to get your guests involved while saving you both added stress and extra expense.

    One smart idea can be to put the kids in charge of the decorations, some of your guests in charge of bring beverages and other guests in charge of bringing appetizers or desserts while you focus on the main meal. Any way that you ultimately decide to plan it, putting your family and guests in charge of a specific aspect of your New Year’s party is an economical way to host a party while getting your guests excited about attending it.

  • Tip #6 Get creative with cocktails: One of the most expensive aspects of hosting a New Year’s party (or any party, for that matter) is the alcoholic beverages you plan on having at that party. As with the food at your party, you don’t have choose expensive beer or booze in order to make your guests happy – and you can make the pricier choices go a lot further by being creative with your cocktail recipes.

    One good idea is to make a punch or a mulled wine that mixes the alcohol with juices or sodas. While this will make the alcoholic ingredients go further (and be more palatable), it can also help mask the bite of a less expensive alcohol option, and it may prevent some of your guests from getting too tipsy too quickly.

    Another idea is to ask your guests to bring their favorite cocktails to the party. While this will cut down on your expenses, it can also be a fun way for your guests to try new beverages.

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Categories: Blog, Budgeting, Financial Tips