It’s the season to be jolly! The holiday season has already kicked off, Christmas is knocking at the door the New Year is just one month away. You want to throw party and have an exhilarating start as you commence into the New Year, but you are worried what if you low on cash. Or what if it drags you into debt because throwing a New Year part isn’t cheap? From decorations to food and alcohol you would never realize how much money you are spending and would be flabbergasted on receiving your credit card bills. It definitely requires a lot of planning for have a great celebration that suits your budget.Here are some tips that may help you host a New Year party without exhausting all your funds.

Decide How Much to Spend

Before you can get started with planning for the great event, it is necessary that you create a budget and decide on how much money you want to spend. Because I am sure you would not want to get trapped in debt in the beginning of the year or in any way let your finances suffer because you have the whole year ahead and it is not a good idea to get into financial problems at the very beginning. Set aside a separate budget for food, decoration and beverage. Instead of having a huge crowd and managing them would be difficult you consider organizing a small party in your house and invite your close friends and relatives.

Have a Simple Menu

You see plenty of food being wasted once parties are over. It’s going to be the same even in this party. If you are thinking of hiring a chef and having at least three course meal to entertain party guests then you are simply wasting your money. Instead keep it simple. You could serve appetizers or a spoonful of caviar, a sprinkling of truffle salt, a rich chocolate mousse. It would be even better if you could ask each of your guests to bring one item of food along with them. This way, all of you will be able to eat variety of yummy foods with spending much money.

Use Christmas Decorations

I am sure you would have a big purchase to decorate your house and Christmas tree. You can use the decoration for the New Year’s party. You can set the table with inexpensive decorations, using stuff you can easily pick up if you don't already have it on hand. Sparkle your house with the leftover bulbs and give a festive look to your home. It is ok even if you don’t make a budget for decoration. Use your creativity and come up with ideas using the materials already available at your house.

Think Alternatives for Entertainment

A party without music is like watching movie without pop corns. Music peps up the environment. But that doesn’t mean you need to spend loads on music by hiring a Dj or booking a band.  People love to dance to music beats. Instead go for something that would fit neatly into your budget like renting CDs and playing it in your CD player. Or ask your guests to bring one of their good CDs in this way you can listen to different songs and would definitely entertain your guests.

Save on Alcohol

A New Year’s is incomplete without alcohol. One way to keep your beverage costs down is to decide on one or two signature drinks. Start stocking your bar with those drinks well in advance of the festive season. This way you may purchase these drinks at a much cheaper price. Or you could ask guests to bring their own beverages, or make a fruity punch to share.