“New Years Eve Party Planning on a Budget”
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In general New Years Eve party planning is not a difficult process. There are a number of standard elements which are common in any type of party such as invitations, location, food, beverages and entertainment which should be considered but beside from that there aren’t many unique aspects of a New Years Eve party which require special consideration.
The late hour of a New Years Eve party is somewhat unusual and results in some unique food option such as offering cocktails and appetizers in the evening and cocktails such as the Bloody Mary and the Mimosa in the morning along with a breakfast buffet.
However, New Years Eve party planning does prevent a challenge when it is necessary to complete this planning on a tight budget. This article will provide some tips for planning and executing a memorable New Years Eve party on a tight budget.
The first step in planning a New Years Eve party on a budget is to establish an ultimate budget. Once this is done, you can list all of the individual aspects of the party such as invitations, decorations, location, food, beverages and entertainment and determine the percentage of your total budget you wish to spend on each of these components.
When planning a New Years Eve party on a budget, it is important to carefully consider the guest list for the party. This is important because the number of the guests you invite may dictate the location of the party. For example if you are planning a relatively small party, you will likely be able to host the home either in your own home or in the home of a friend. However, if you plan to invite a large number of people, you might have to consider holding the party in a restaurant or a catering hall.
This is significant when you are on a tight budget because these facilities charge a usage fee and may require you to use their catering services as well which can be costly. For this reason you should consider limiting your guest list to a size which your home can accommodate.
Food is a very important party of any New Years Eve party. After you have determined the budget for food at the party, you can start to consider your options for providing food for your guests. The most expensive option will likely be to provide a catered sit down dinner for your guests. This option is expensive but many guests enjoy the elegance of this option. If this is important to you, you should consider devoting a large portion of your budget to food.
However, there are much less expensive ways to feed your guests at a New Years Eve party. Other popular options include providing appetizers only or putting out a buffet of homemade foods for your guests. Both of these options will be considerably less expensive than providing a sit down dinner with multiple courses. If you are hosting the party in a home, you could even consider making the event a potluck to drastically reduce the cost of food. You could prepare a main course item and ask your guests to bring appetizers, side dishes, salads and desserts.
There are many affordable options for entertainment when you are planning a New Years Eve party on a budget. Music is one of the most popular options for entertainment at any party but you do not have to incur the expense of hiring a band or a DJ to host the party. Although these can be a lot of fun, you can also provide your own music with a simple CD player and a set of speakers. You can even make the party more fun by asking each guest to bring along a few of their own CDs and have everyone at the party take a turn playing DJ for an hour during the party.
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“Setting a Budget for a New Years Eve Party”
If you are planning a New Years Eve party, you probably already realize you need to set a budget for your party. This is important because going over budget on your party can cause a significant financial strain on the host of the party. You likely want to provide a great New Years Eve party for all of your guests but you do not want to go into considerable debt to do this.
The best way to throw a successful New Years Eve party is to set a budget based on the amount of cash you have available and working within that budget to create the most spectacular New Years Eve party possible. This article will examine the importance for setting a budget for your New Years Eve party and will offer advice for setting your budget for each aspect of the party.
The first step in setting a budget for your New Years Eve party is to first consider the total amount of money you wish to spend. Ideally this amount will be equal to the amount of money you have available to spend and will not cause you to go into debt to throw the party. However, hosts who have a very limited amount of funds available may opt to use a credit card to throw their party knowing they will be going into debt for the party. Once you have an overall budget, you can set individual budgets for each element of the party.
Some of the individual elements to consider when planning a New Years Eve party are location, invitation, decorations, food, beverages, entertainment and incidental items. When considering these items, the host should prioritize these items to determine which elements are most important. This will give the host a good idea of how to distribute the available funds. For example if the host decides that food and beverages are more important than entertainment, she will likely allot a larger portion of the budget to food and beverages than she would to entertainment.
Likewise if she values entertainment over food and beverages she will likely allot more money to entertainment than she does to food and beverages. Once the priorities are determined the host should assign a percentage of the total budget to each of the expenses on their list. This percentage should be based on the importance of the expense as well as other factors such as overall cost of the items.
The host may consider the invitations to be important but they are also relatively expensive. The host may opt to assign a large percentage of the budget to the invitations but it shouldn’t be a higher percentage than more expensive items such as the food or entertainment receive.
The most important aspect of setting a budget for your New Years Eve party is to carefully follow that budget. As purchases are made for the party, it is important to document each purchase and the price of the purchase to ensure the budget is not being exceeded.
If the host exceeds the budget in one category, it will be necessary to decrease the budget in another category to ensure the overall budget is not exceeded. It is also important to keep the overall budget in mind when making each purchase to ensure you will meet your overall financial goals.
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