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How to Save Money When Throwing a Party

Tips for Saving Money When Throwing a Party

Parties can be expensive. This is especially true today where nearly every moment is crafted specifically for social media. There can be a lot of pressure to “go all out” and overextend yourself with a party, in hopes of impressing your guests or making a big splash online.

Of course, if you go too overboard, you could find yourself struggling to afford everything and even get into debt trouble. To avoid those issues, here are a few tips for how you can save money when throwing a party. Whether you’re throwing a kid’s party, a birthday party, or a party for any event, these are tips to help you keep costs down without ruining your fun.

Have it At Home

Renting out a venue or paying for a meal at a restaurant can get expensive. If at all possible, consider having your party at home. This might not work if you live in a smaller space or if you’re having a larger event, but it’s certainly a good idea if you can swing it. If you want to do something different, you can even hire a caterer or some kind of entertainment for your house party. It will likely still be cheaper than holding your event somewhere else.

Trim the Guest List

No matter what type of party you’re having, a large guest list will mean higher costs. When you have more people coming, you’ll have to buy more food, have more drinks, and even possibly need a larger venue. Limit your guest list to those who you really enjoy being around and those who mean the most to you.

Have a Pot Luck

Instead of cooking or buying all of the food yourself, why not have a pot luck instead? Ask that everyone bring their favourite dish and then you can all enjoy different tastes. If you want, make a “sign up” sheet where everyone can write down (or email in) what they’re planning on bringing. This way you won’t wind up with duplicate items.

Shop at Discount Stores

Discount stores and dollar stores are absolutely perfect options for affordable decorations and other party necessities. You can get balloons, napkins, table cloths, utensils, and just about everything else you need at most dollar stores, and you’ll save a lot of money at the same time.

Don’t Go Overboard

You don’t need to have every fancy decoration you’ve seen online. If you want to make sure that people have something to post on their social feeds at your party, focus on one or two decorations that are creative and fun. Remember, the main point of the party is to get everyone together for a good time, so you don’t need to go all out on the décor. By getting creative and making some decorations yourself, you’ll save money and your party will still look great.

Consider the Timing

If you don’t want to serve a full meal at your party, consider timing it so it falls outside of a regular meal time. For instance, you can make the start time after dinner and then you’ll only need to serve drinks and snacks, instead of a more substantial (and costlier) meal.

Limit Alcohol

One of the best ways to save money on a party is to limit the types of alcohol you serve. You might want to stick to providing just wine and beer. These aren’t as costly as having a fully-stocked bar or a number of different cocktails. You don’t need to shell out for premium drinks either. Most people will have no issue with local beers and lower priced wine.

Make sure you set out water, juice, and soda pop as well so that people will be less likely to overindulge.

You can also have a BYOB event where you ask everyone to bring whatever they’d like to drink.

Lay Out the Details

If you’re worried about people showing up at your party expecting dinner and leaving hungry when they realize you’re only serving snacks, spell out exactly what type of party you’ll be having in the invite. For instance, write “Please join us for snacks, drinks, and good times” on your invitation, so no one will expect a dinner.

Accept Help

Most people want to help out and bring something to a party once they’re invited. If someone asks what they can bring, don’t feel pressured to say “Just bring yourself!” Instead, actually tell them what would be helpful. Saying “why not bring a bottle of wine?” or “I could really use another dessert” can make your guests feel welcome and reduce your costs.