How to Save Money for Your New Year’s Eve Party


Celebrate 2019 and ring in the new year by hosting a party that doesn’t break the bank. Have fun and save some extra money with these New Year’s Eve party ideas on a budget.

Save Money for Your New Year’s

Four Tips to Save Money on Your New Year’s Eve Party

Create a Budget and Stick with It

Hosting a party can get expensive, but there are a lot of ways to save money. Sending evites instead of mailing invitations can do wonders for your wallet because you won’t have to pay for the physical cards, envelopes and stamps. Eliminating the tedious task of handwriting invitations is an added bonus. Check out free websites such as evite.com to create and customize your own invitations to send to your family and friends.

Creating a Facebook event is another cost-effective alternative to mailing physical invitations. It’s also free and less time-consuming! You have the option to limit how many of your Facebook friends can view the event, so the invitation for your New Year’s Eve party can be customized as you see fit.

Keep It Simple with Decorations

Rather than purchase New Year’s Eve decorations at Michaels, Party City or A.C. Moore, consider making your own. Do-it-yourself (DIY) projects are common money-savers for people hosting events. What’s more, crafting your own decorations will create a unique vibe at your New Year’s Eve party that your guests will rave about. If you need some inspiration, take a look at pinterest.com.

Provide Cheaper Alcohol Alternatives

Another expensive party item for a New Year’s Eve event is alcohol. Visit a discount liquor store for affordable drinks such as Champagne, beer or wine. You can even create a signature drink that reduces the number of bottles you would have to buy while also making your party unique. Consider making your party BYO (bring your own) if you want to significantly cut costs on alcohol.

Serve Snacks

Since New Year’s Eve parties generally begin later in the night, most of your guests will probably eat dinner before heading to your party. With that said, consider serving appetizers or ask your guests to bring their own appetizers. This option won’t make a dent in your wallet if you consider going to stores such as Sam’s Club, BJ’s Wholesale Club or other warehouse clubs for party-size platters and frozen snacks that you can put in the oven.

Ringing in the new year shouldn’t be stressful. It should be about having fun with those you care about the most. Don’t put yourself in a financial bind by spending a fortune on a party you’re only throwing once a year. Consider following these tips when you begin to plan your party and let the good times roll!

Erin Elis 
Erin Ellis
Accredited Financial Counselor ®
Philadelphia Federal Credit Union