EventUp

    Planning a Party on a Budget

    March 22, 2012

    Whether it’s a bachelorette party, birthday party, anniversary party, or just-because party, there are many ways to celebrate and have a good time without spending too much money. Planning a party doesn’t necessarily mean you need to break the bank; you just need to be smart about planning and budgeting. Follow these tips below for throwing a fabulous party without going into debt.


    Create a Budget and Stick to it

     

    In order to create a realistic budget you need to consider how many people will be attending, where the event will be held, and what type of event you want it to be. The budget you come up with should include all aspects of the party from setup to cleanup and everything in between. Make an individual budget for venue, decorations, entertainment, and food and drink. Add up all of the individual budgets and write that number in stone. Your total party budget is firm and should not be exceeded. Once a number has been finalized, it is vital that you to stick to it. This means no impulse buying. There will be times where you will be tempted to splurge, but you must look at the big picture and realize what is really important. Find something you love that is over budget? Go home, crunch numbers, and see if you can deduct money from an area of the party (such as decorations) to make up for the additional cost. If you are willing to make that sacrifice then make your splurge purchase, but if you are not then move on; chances are you will be able to find a cheaper alternative anyways.

    Pick a Venue


    In order to pick a venue you need to keep three things in mind: budget, guest list, and location. Rather than splurging on a ballroom, why not keep it simple and rent an amazing house for a night? This way you are restricted on the amount of people you can invite, which in turn saves you money. Before deciding upon a venue you must also keep in mind location. Do you want the event to be just a short drive away, or do you plan spending the night? If guests will be traveling to the event is there space for them to stay as well? The comfort of the guests must always be a priority.

     

     

    Entertainment

    Ditch the expensive band or DJ and opt for Pandora or Spotify. This is an extremely easy way to save money and the outcome can be just as good. Just get some speakers, pick one song, and let the stress of creating an entire playlist go out the window.

    Decorations


    Just because you are planning on a budget doesn’t mean you can’t have a beautiful party. The first thing to do is pick a theme. Even if you do not want to have a full blown themed party, at least pick a color scheme and stick with it. Having a color scheme will make your party look organized and put together. Get flatware that matches your color scheme and display it in a jar or vase. Remember that presentation is key, even plastic dishes and utensils can look chic if presented properly. Get balloons and hang streamers. Go through your Christmas decoration box and grab the stringed lights; hang them inside or outside to give your party a whimsical touch. There are many DIY crafts you can do to inexpensively spruce up your party.

     

     

    Food and Drink


    Save money on hiring a caterer and service staff and go for a buffet style party instead. Do your friends have a trademark dish or passion for baking? Ask them to help out and show off their best goods. Guests do not need a four-course meal to have a good time. Ditch a bartender and fancy cocktail drinks and stock up on bulk beverages. Get large drink dispensers and fill them with different drinks such as freshly squeezed lemonade and margaritas. This is both decorative and practical!

     

     

    Do you have any additional tips for throwing a party on a budget? Let us know on Twitter, Facebook, or leave us comment here!