Fourth of July is a wonderful time to celebrate our nation with food, friends and fireworks. It’s also a chance for people to overspend unnecessarily. If you are hosting a Fourth of July party this year, take a look at these suggestions for a budget-friendly affair that can help with debt reduction.
Saving Money on Your Fourth of July Party Budget
Staying on budget is important if you want to accomplish your larger financial goals. Whether you are focused on debt reduction or eliminating debt, it’s important to watch every penny. Here are ways to save money on your Fourth of July party.
Ways to Save on Party Decorations
- The closer you get to the holiday, the lower prices will be. It may be a little stressful and you might have to visit two stores, but there are typically steep discounts on decorations when the holiday is right around the corner.
- Making your own decorations is another way to save. Check out our Pinterest holiday board for the latest ways to DIY your next event.
- Keep the decorations simple and classy.
Low Budget Food & Drink Ideas
- Since it’s pick your own strawberries season, take advantage of the massive amount of berries and make strawberry shortcake for dessert.
- Create a select and concise menu. Don’t make all of your favorite dishes.
- Watermelon. Need I say more?
- Choose recipes with some overlapping ingredients so you can buy in bulk.
- Ask your guests to bring a beverage.
Other Ways to Lower Party Costs and Help Debt Reduction
- Limit your guest list and your savings can go toward eliminating debt.
- Fireworks party- simply provide snacks and drinks at fireworks time instead of hours of entertaining.
- Skip the plasticware and use your own utensils and plates.
- Make it a team effort to keep the costs at a minimum. Invite neighbors, siblings or friends to co-host with you.
- Buy sparklers instead of fireworks. And relax knowing your house is less likely to catch on fire.
Putting some of these budget-friendly party suggestions into your Fourth of July plan will help lower your costs while still being able to enjoy the holiday without overspending. It’s important not to go over budget just because you want to throw a party; you may be in danger of it becoming a status symbol.
Have a safe, happy and debt free Fourth of July!
To speak to a credit counselor today about budgeting and managing your finances, call 800-769-3571.