Parties are a great way to celebrate both big and small events. When it comes to major life events, an elaborate party can add to the pride and excitement. However, this extravagance also comes with a price tag. If you want to host an extravagant party without breaking the bank, it is possible. However, you need to plan carefully. Here are a few tips to help you save money as you plan your celebration.
Limit Alcohol
Alcohol can be extremely expensive. If you want your party to serve alcoholic beverages, you need to expect a fair amount of your budget to go there. But you can save money by limiting alcohol. There are a few ways to do this. The first is to offer a cash bar instead of an open bar. Or you might have an open bar for part of the night. Another option is to have a theme drink. This will reduce the number of different types of liquor you need to buy. Plus you might be able to save more money if you’re buying the ingredients for your theme drink in bulk. While you might not want to eliminate alcohol altogether, taking these steps can help cut the cost significantly.
Not only do you have to consider money while making alcohol choices, you also have to make sure that everything is done in accordance with the law. According to California state law, the legal limit for blood alcohol concentration while driving is 0.08%. While this might be different in other areas, you need to understand the laws about drunk driving and providing alcohol to your guests.
Prioritize
As you plan your party, decide what is most important to you. For example, you might care most about the food or the venue. If you’re willing to budget on other things in order to get these ones, you can save money. For instance, you might spend a lot of money on the venue, but keep the catering simple. Just because you’re trying to save money does not mean that you need to go cheaply everywhere. Instead, choose one or two things that truly matter and put the majority of your money toward them. Then find ways to either cut back or get cheaper prices for everything else. This will keep your party extravagant, but affordable.
Work a Little Extra
Earning a little extra money can also help you pay for an extravagant party without breaking the bank. See if your regular job offers extra hours. Sometimes you can make more money through overtime pay. For hourly employees, employers are required to pay mandated minimum wage, as well as overtime or time and a half. If you can take advantage of these rules, you could earn a lot of extra money to put toward your party. Then you won’t have to worry about cutting costs so much.
Keep Catering Simple
If you aren’t concerned about having a gourmet meal for your guests, you can still provide tasty treats in a simple way. Buy bulk snacks instead of hiring a caterer. Or you might consider doing a cocktail hour instead of a meal. While you should always provide refreshments, there are many ways to save money while still being a gracious host.
An extravagant party isn’t as much fun when you’re stressing about how you’ll afford it. If you take some time to research, prioritize, and plan ahead, you can make significant money as you set up your party. Then you can still have a glamorous time with your friends without worrying about your bank account. Take these suggestions into account, then begin your planning.
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