How to host an unforgettable New Year’s Party on a budget

You don’t need to spend a lot of money to have a great time. Here's how to host a big New Year's bash on a budget.

Hosting an unforgettable New Year’s Eve party on a budget isn’t impossible.

The whole point of New Year’s Eve is celebrating your accomplishments of the past year, while looking forward to the upcoming year. Spending time with those who mean the most to you is just icing on the cake. You don’t need to spend a lot of money to have a great time.

Here are five tips for throwing an unforgettable New Year’s Eve party on a small budget, from SmartAsset:

1. Host a theme party

One of the most cost-effective ways to host a party for you and your friends is to set a themed dress code. Telling your guests to come in pajamas or their ugliest holiday outfit will not only keep you and your guests from spending too much money on a new outfit, but it will also add to the fun and anticipation of the evening.

2. Keep the decorations simple

Refrain from going crazy with decorations for your New Year’s Eve Party. Try to reuse as many of your holiday decorations as possible. Otherwise get some cheap noisemakers, banners and plastic ware. Avoid decorations with the year printed on them – this way you will be able to recycle them for next year.

3. Host your party later in the evening

Hosting your party later in the evening after friends and family have completed their dinner plans is a great way to get together and save money. You won’t have to make dinner or ensure that everyone is fed all through the night. Just get some snacks and appetisers to keep your guests happy.

4. Look for free or cheap things to do in your community

If you are looking to add a bit more excitement and adventure to your party, pile into the car, drive around and check to see if there’s any free or cheap events going on. Another option is to host a block party, this way you can share the expense among the different families and you are able to stay close to home.

5. Drink smart

One of the most expensive purchases for New Year’s Eve parties is usually the booze. It’s easy to spend hundreds on alcohol for your guests. You want to make sure that your guests enjoy themselves, but you don’t want to be carrying all the expenses. Rather invite your party guests to Bring Your Own Bottle (BYOB).

Source: https://smartasset.com/personal-finance/5-tips-for-throwing-an-amazing-new-years-eve-party-on-any-budget

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