11.07.2024 By Amy Miller, AFC®

Affordable Ways to Host a Holiday Gathering

You don’t need to spend extravagantly to create memorable holiday experiences. By having a plan, being a little creative, and prioritizing what really matters, you can host a festive holiday event while keeping your finances in check.

 

Plan Ahead and Set a Spending Limit

The first step to hosting any event is planning. Set a realistic spending plan based on what you can afford without stretching your finances. Include costs for food, drinks, decorations, and any activities or entertainment you’d like to provide. Be sure to account for any “hidden” expenses like delivery fees or last-minute supplies.

Embrace Potluck

Food and drinks are often the biggest expenses of any gathering. One of the most budget-friendly ways to cut costs is by hosting a potluck-style event, where each guest brings a dish or drink to share. You can organize the menu ahead of time so that everyone knows what to contribute, ensuring there’s a balanced variety of food. This reduces the host's financial burden, introduces new dishes for everyone to enjoy, and adds a communal and collaborative element to your event.

DIY Decorations

There’s no need to buy expensive decorations to create a festive atmosphere. DIY holiday decorations can be both fun and cost-effective. Gather friends or family members for a craft night to make items like paper snowflakes, homemade garlands, or painted pinecones. You can also repurpose everyday items from around the house to create a festive vibe.

Ideas:

  • Use natural elements like branches, pinecones, and dried oranges to make centerpieces.
  • String together popcorn and cranberries for an old-fashioned garland.
  • Upcycle old glass jars as candle holders or lanterns.

Opt for Affordable Entertainment

Instead of hiring entertainment or spending money on fancy games, consider low-cost or free activities. Board games, holiday-themed trivia, or a DIY karaoke station can keep guests entertained without costing a dime. You can also organize a holiday movie marathon—just grab some popcorn, and blankets, and settle in for classics like Home Alone or Elf.

If you're up for something more interactive, try a White Elephant gift exchange where everyone brings an affordable or homemade gift to swap.

Shop Smart for Food and Drinks

When it comes to shopping for food, look for sales and discounts at grocery stores. If you plan ahead, you can also buy in bulk to save money, especially on items like drinks, snacks, and baking supplies.

If serving alcohol is part of your holiday gathering, consider offering a signature drink or cocktail, instead of stocking a full bar. You can also go alcohol-free with festive mocktails, which are often cheaper and just as fun!

Send Digital Invitations

Instead of spending money on printed invitations, go green and budget-friendly with digital invitations. Several online platforms allow you to create and send stylish, customizable invitations for free or cheaply. Many will also help you keep track of RSVPs and communicate any event updates.

Host a Brunch or Dessert Party

If a full dinner feels out of reach, why not host a brunch or dessert-only party? Both options are typically less expensive than a full meal, and they still provide a great way to gather your loved ones. A holiday brunch with homemade pancakes, waffles, and coffee or a dessert table featuring cookies, pies, and hot chocolate can be just as festive (and much more budget-friendly).

Keep the Guest List Intimate

A smaller guest list naturally means less expense. Consider keeping your holiday event intimate with close friends and family. This not only reduces costs for food, drinks, and seating but also creates a cozy, more meaningful gathering.

Use What You Have

Before buying anything new, check your home for items you can repurpose. Old tablecloths, candles, and even mismatched dishes can add a charming, eclectic touch to your event. Don’t be afraid to mix and match to create a warm, personalized atmosphere without spending extra.

Focus on the Experience

Remember, the holidays are about spending time with loved ones, not about lavish spending. Focus on creating a warm and welcoming atmosphere, and your guests will remember the experience more than any extravagant decorations or gourmet meals.

Hosting a holiday event on a budget is all about being resourceful and prioritizing what truly matters: good company, great conversation, and a festive atmosphere. With these tips, you can throw a memorable holiday celebration without financial stress.

 

Happy Holidays from America Saves!

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