How to Save Big Money on Your Holiday Party

MARTIN PICTURE croppedWhen it’s your turn to host the holiday party, you tend want to “go all out” on trying to impress people. Lots of fancy food, a selection of drinks, and décor that would make Martha Stewart proud. But this year, you’re on a budget. That doesn’t have to mean you can’t impress your guests though. There are many areas that you can easily cut costs without having to cut out the holiday spirit.

Trying to stick to your budget while planning your holiday gathering? Just remember, you have options.

Invitation Options

-Instead of mailing a typical letter invite, go with a postcard. You can save money on envelopes and postage will be less.

-Send the invite through email or on social media. Then you can actually send your invites out for free!

-Tell people. You don’t have to do a traditional invite. Simply asking a person to attend your party will suffice.

– Tip: Whichever direction you take with your invitations, require an RSVP (oral or written). Otherwise, you’re bound to overspend on food and drinks. It’s not too much to ask to get a firm head count prior to your party.

Food and Drink Options

-Do light appetizers instead of a sit down dinner. This also gives people more of a chance to mingle.

-If you want to do a sit down meal, go with brunch instead of dinner. Pancakes are way more budget-friendly than a ham.

-Do a potluck. Fix the main dish and let guests bring their favorite side.

-You don’t have to provide guests with multiple drink options. Offer one red and one white wine, plus some water or juice for non-alcoholic options.

-If you know your guests will be drinking beer, ask what they like and get a keg of it instead of buying cases.

-Make one specialty drink and tell guests they’re welcome to bring their own favorite holiday drinks.

Décor

-Candles are inexpensive and can set the mood of your party. If you have a lot of children or animals though, it might be best to stick with old holiday lights.

-You’ve probably accumulated a good amount of holiday decorations throughout the years. Don’t go buying more, use what you have.

-Make it yourself! There are a ton of holiday decorations that you can do yourself with stuff you already have laying around the house. Check out this Pinterest page for ideas!

Holiday parties can quickly get expensive. But by cutting costs on invitations, food and drinks, and décor, you’ll be able to enjoy your holiday party a whole lot more!

Martin Sher is CEO of AmSher Collection Agency and a recent past president of ACA International, the Association of Credit and Collection Professionals.  Martin is the author of the 54 word Collector Pledge, committing credit and collection professionals around the world to the ethical and respectful treatment of all consumers.   Martin’s personal mission is to get 5 million people out of debt-for good, and for FREE.

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