Four Ways to Budget for a Holiday Party

With the Christmas season in full swing, now’s a good time as any to start preparing and looking for a Photo booth hire service for your holiday bash. Hosting a party may seem like it requires a hefty amount of funds, but it really doesn’t. You can easily throw an unforgettable Christmas party while on a budget by hiring event planning services in Dallas that handle every aspect for you.

Continue reading to learn four ways on how you can host a holiday party while sticking to a budget.

Shorten the Guest List

The holiday season is all about getting together with friends and family to have a good time under the same roof. And although you may be tempted to invite everyone you know, having a large guest list can quickly inflate the bill. The size of your guest list is determined by how much you’re able to spend. You might be used to the costs of how to entertain yourself at home but the costs to entertain a group are obviously going to be higher, so you need to be prepared.

If you’re hoping to have at least five to seven guests over, you’re going to be spending at least several hundred of dollars on party food alone. Should you plan to give each guest a gift, you could very well spend a bit over $500. If you’re not able to afford that, there’s absolutely no harm in cutting the guest list to something such as four to five guests.

Plan Out a Christmas Budget

Budgeting for your party is the best way to go if you’re strapped for cash. Before picking up everything you need for the party and inviting the guests, go over your monthly expenses. It will also help if you give yourself a limit to how much you’ll spend on the party. Write your monthly expenses down such as housing costs, utilities and loan payments. Then, you need to go over any external expenses you can cut out, like an unused subscription services.

One expense that can be tricky to figure out when writing a budget is your student loan. Student loans are a big investment, but if you’re struggling to pay it on top of your other debts, you can try student debt consolidation to ease the responsibility. There are numerous online guides to help borrowers learn what they need to know before they can consolidate student loans and lower the monthly payment.

Forego the Fancy Decorations

Nothing spreads holiday cheer at a Christmas party better than decorations. However, you don’t need to go overboard to celebrate. In fact, the cost of holiday decor can drain your bank account. You can easily have the same effect by putting garlands on the windowsill and a Christmas wreath on the door.

Know What to Buy

Knowing what to buy for a Christmas party is what’s ultimately going to help you save the money you need. For example, there’s no need to use fancy China for the food. There are plenty of sophisticated paper plates you can use. Doing so is convenient and even help you save money on your water bill since you won’t have to run the dishwasher. It’s also easier to clean up afterwards as well.

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