7 Smart Ways to Save on Holiday Parties

Posted by Rebecca Prince on December 16, 2016

christmas-drinks

Christmas is here – let’s party!  Bring on the work parties, the church parties, parties with friends, the dinner parties, the get-togethers with family…  Sound familiar?  What has the potential to be the most wonderful time of the year can also be the most stressful and expensive.

But, it doesn’t have to be!  Here are a few tips from blogger Ruth Soukup of LivingWellSpendLess.com that will help you throw a holiday party for less.

1. Begin With a Budget

The worst thing any reveler could do is shop blindly. You must have a target amount in mind of how much you want to spend whether you’re attending or hosting a holiday party. This requires planning in advance and considering each potential expense. Answer these questions as you begin to budget:

  • What will you wear?
  • Are you hosting the engagement in your home or in need of renting a larger space?
  • Will you serve food?
  • Do you need to purchase a host gift?
  • What paper goods or consumables will be required?
  • Are you sending invitations?
  • Will there be entertainment?
  • Do you need to decorate your home or another venue?

While these questions may not encompass every area of your budget, thinking through each query will engage your thinking as you choose how much you’d like to spend. If budgeting is a weak spot for you, ask a friend or coworker to help you with the process. He or she brings a unique lens to your planning.

2. Exercise Portion Control

Overspending and overeating seem to go hand-in-hand during the holiday season. If possible, plan a party that doesn’t require a full meal. Your guests are unlikely to starve thanks to the abundance of the season. Try out some of these ideas for minimizing spending without compromising flavor.

  • Have an appetizer party. Prepare an assortment of traditional crowd favorites like mozzarella sticks, crock pot dips, meatballs, and bread sticks. Bonus points if you line up a menu that doesn’t require flatware.
  • If you’re hosting a more laid back celebration, order pizza. Instead of having the traditional triangle shaped slice, request that your pie be cut “party style.” This will create more square shaped pieces from one pizza. Plus, guests are less likely to fall victim to the “eyes bigger than stomach” syndrome where they pick up slices that end up in the trash can.
  • Instead of serving full portions of desserts, feature several mini-dessert options. Bite-sized cheesecake, layered parfait styled deliciousness in small cups, or maybe even a milk and cookies bar with a variety of each holiday classic all will delight your guests but remain more cost effective.
  • If your fete is immediately following work and requires dinner, consider hosting a potluck and ask your friends or family to bring their best dish. You could theme the night’s food or divide the alphabet having A-M bring a salty dish to share and N-Z bring a sweet dish.
  • Serving food buffet style? Place the most economical items (think bread or rolls, chips, veggies) at the head of the line. Guests will fill up their plates with these items first, allowing you to stretch more costly foods like meat and desserts further.

3. Limit Beverage Options

Open bar? Cash bar? No alcohol at all? Tea, lemonade, cider, hot cocoa, soda, water? Bottled beverages or cups and ice? Merely considering what drinks you’ll serve at a party can make your budget dwindle down to nothing in the time it takes to pour a glass of wine. If at all possible, limit the beverages to 2 or 3 choices. If your event is less formal, you might even consider asking your guests to bring their own favorite beverage. Dress up water by adding fresh fruit. Put cider or hot cocoa in a crockpot for a hot offering that doesn’t require tending. Invest in a thermal dispenser (I snagged one at Sam’s Club for $18) that you can use time and time again.

christmas-coffee

4. Take Your Invites Digital

Your guests don’t require a trumpeter and seven swans swimming to announce your shindig. Skip traditional paper invitations and opt for an online evite instead. Not only do you save money on printing and postage, you also have a handy platform to send guests organizational information and last minute details, too. If you require a paper format, consider printing postcards which require less preparation (no envelope stuffing for you) and offer significant postage savings.

5. Limit the Guest List

When it comes to family or work events, you can’t really pick and choose who you’re inviting to a holiday party. However, other gatherings do have more leeway to let you trim down the number of guests you’ll be inviting. Concerned about hurt feelings? Instruct those on the invite list to keep the affair Social Media “dark.” Collect phones at the beginning of the party so no one is tempted to flood their feed with photos. Help invited guests feel special and remind them what it feels like to left out.

6. Keep the Main Thing the Main Thing

Celebration is a beautiful part of life. But party planning becomes an easy distraction for excess. It comes from a really good place – wanting our guests to be honored and have a great time – but easily slips into a dangerous pattern of overspending if we are not mindful. Remember that the purpose of a holiday party is to share time together. It’s not about flashy decor or pricey foods. It has nothing to do with DJs or paid entertainment. Spending time together always trumps spending money. People remain more important than things, throughout the holidays and every other day of the year.

7. Refocus Your Fun

Use your holiday get-together this year as an opportunity to assist your community or the world around you. You just might discover that you prefer a party with a purpose. Check out the following simple ideas, great for serving while celebrating.

  • Go Christmas caroling at a local nursing home. Call ahead and schedule a time best for residents and staff. Many of the men and women who live in the nursing home or assisted living facility are on restricted diets, so avoid bringing outside foods. Have your kids color pictures or make cards to hand out.
  • Crash someone’s Christmas. Know a friend or family member out of work? Divide a list of non-perishable food and practical household goods. Maybe even wrap a gift or two for their children. Show up on their doorstep with an armful of kindness and give hugs.
  • Choose a charity to support and ask your guests to bring any coins they have at home to donate. You can literally “change” the world together.
  • Volunteer at a food pantry or relief agency.

You’ll never regret focusing your efforts on others.

Each holiday presents the opportunity to make memories and show others just how much you care. Don’t let the trappings of the season divert you from the true meaning of bringing friends and family together, marking yet another year with one another.

How DuGood Can Help

Planning a holiday soiree?  Don’t leave home without your budget AND your DuGood debit card!  After all, if you planned on making these purchases, shouldn’t you be earning reward points?  Also, if you have a loan with us, consider taking advantage of our December Skip-a-Pay.  It never hurts to have a little extra cash around the holidays.  Wishing you a frugal, fun, and festive Christmas party!  May your gathering be merry and bright!

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Topics: Budgeting & Saving, Holidays, Events, & Seasonal