Between gift giving, travel expenses, food, drinks, and other festivities, your spending during the holiday season can get out of control, fast. ‘Tis the season for holiday parties, and if you’ll be hosting one at your apartment this year, you may be in search of some ways to do so without dwindling your bank account any further. Not to worry— we’ve got some advice on how to throw a successful holiday party while saving some money along the way.
Set a Budget
Before taking any steps forward, define a clear budget for your holiday party, and stick with it. A budget will ensure you don’t spend more money than you can afford, and it will motivate you to be picky with what you buy instead of spending frivolously. A budget is essential to not overspending on holiday party goods.
Get Thrifty with It
Thrift stores are typically full of holiday decor, not to mention a wide variety of hosting and kitchen supplies. If you want to save money on party items, browse your local thrift shops before heading to other suppliers. You might be surprised by what you find and by the amount of money you’ll be able to save. Dollar stores are also great for stocking up on discounted basics like paper plates, napkins, and cups.
Try a BYOB & Potluck
Food is often one of the biggest holiday party expenses. Don’t be afraid to ask guests to bring their own food or drinks. Make it fun by hosting a “BYOB” (bring your own booze), where people bring their favorite drinks to share. Another option is to hold a Potluck, where people can bring their favorite dishes. It’s a fun task for guests, and it’ll save you money on food costs, so it’s a win-win.