Just like hosting any other party, Halloween can be expensive. Or you can make a plan and spend within your budget! Staying within your budget will send out good ripples to the rest of your finances rather than making things harder to manage. Use these tips to create a Halloween party budget and avoid more consumer debt.
Tips to Create a Halloween Party Budget
Are you trying to throw a rockin’ Halloween party? Then you know your Halloween party budget could be quite large to accommodate all of your wish list party items. Instead of having a huge budget and probably end up with credit card debt, plan ahead to keep your costs reasonable. There are plenty of ways to manage expenses. Here are some simple ways to create a party budget.
Halloween Party Budget
Take these party line items into account when planning your own Halloween bash:
- Party Favors
- Party Activities
- Photo Booth Props
Just because it’s listed above, doesn’t mean you need to spend money on all these categories. You may not need to purchase any music or you may not have enough money for party favors. If you have $100 for your party, most of that will be for food and decorations. Your budget will also guide how many people you can invite. For example, you can invite more people if you serve less food. Or you can have a small gathering with better food and beverages.
To come up with the monetary amount for your budget, you need to use your monthly household budget to find ways to pay for it. Check your dining out, entertainment and grocery funds first. Hopefully, this will cover most of your expenses. Next, you can see if you can take anything from clothing or other unessential categories that you know won’t affect the rest of the budget for the month.
Do not use savings, money towards debt or essential bills, like utilities and rent. Parties do not trump other budgetary items!
Ways to Stretch Your Halloween Party Budget
If you only have $100 for a party, then you will need to make it stretch. Use these ideas to make the most of your Halloween party budget.
- Provide snacks & appetizers instead of a full meal. Popcorn, pretzels, candy, fruit, etc are great ways to fill bellies without relying on catering.
- Host a potluck and have everyone bring a dish or a beverage.
- Make your own DIY Halloween decorations and games.
- Borrow party items from friends, like serving bowls and extra cups and plates.
- Concentrate decorations in the main party spaces so you need less.
- Borrow scary or fun Halloween movies from the library.
- Throw a neighborhood party rather than an individual one. You may only need to bring a few items rather than host it alone.
- Have your kids make some of the DIY Halloween party decorations, party games, etc.
- Only entertain for a brief time before trick or treating. Less time means less expenses.
- Limit the number invitees at your party.
- Keep it simple and watch a few movies, eat popcorn and pizza.
- Find a friend that will co-host with you.
- Don’t host a party, but coordinate an outing with all your friends.
Now that you know how to create and stretch out your budget, be sure to stay within that monetary amount.
For more Halloween tips, visit ACCC’s Holidays & Celebrations on a Budget Pinterest board!