9 Tips for Throwing a Great, Cheap New Year’s Eve Party

A rockin’ New Year’s Eve party doesn’t have to be expensive. With a little planning and creativity, you can throw a cheap, awesome end-of-the-year bash that your friends will remember for years.

Here are nine tips for welcoming in 2019 with frugal flair.

Tip 1: Host it at home

g-stockstudio / Shutterstock.com
g-stockstudio / Shutterstock.com

No need to go out and rent a space for your party. Hosting the gathering at your house or apartment is not only cheap, but also more comfortable for everyone.

Tip 2: Keep it cozy

Uber Images / Shutterstock.com
Uber Images / Shutterstock.com

If you’re hosting the party at home, you probably can’t invite all your Facebook friends. But that’s OK.

Limit the invite list to a handful of close pals. Having a smaller party means spending less money. More importantly, it gives you the opportunity to actually enjoy the party and connect with all the guests.

Tip 3: Ask everyone to bring their favorite drink

Daria Minaeva / Shutterstock.com
Daria Minaeva / Shutterstock.com

Alcohol is one of the biggest expenses for a New Year’s Eve party. You can reduce the cost by asking everyone to bring a favorite cocktail to share. This strategy can also liven up the party by giving guests a variety of new drinks to try.

Also, know in advance how everyone plans to get back home safely. Is public transportation available? Is someone a designated driver? Or can guests crash at your place for the night? Don’t wait until 1 a.m. to decide how to handle an obviously impaired guest.

Tip 4: Accept your guests’ offers to help

Air Images / Shutterstock.com
Air Images / Shutterstock.com

Even after you suggest that guests bring a cocktail to share, some undoubtedly will ask if there is anything else they can bring. Your answer to this question should be simple: “Yes!”

Have a list of items ready and mention a few suggestions with various price points, such as noisemakers from the dollar store or an appetizer. Then, let the guests decide which to bring.

Tip 5: Weigh the pros and cons of paper versus plastic

izzzy71 / Shutterstock.com
izzzy71 / Shutterstock.com

Paper plates and cups make cleanup a snap, but they cost more than using the dishes in your cupboard. Look at your budget and decide which option makes the most sense for your party.

If you don’t have enough matching dinnerware, don’t let that worry you. Mix-and-match plates, bowls and glasses can look trendy and festive.

Tip 6: Extend the life of holiday decorations

Shebeko / Shutterstock.com
Shebeko / Shutterstock.com

Your house is likely decorated for the December holidays, and those festive lights and decor can make an attractive backdrop for a New Year’s Eve party too. Even if the tree comes down early, consider keeping some lights or other decorations up through the first day of the year.

Tip 7: Don’t forget the dollar store

Nomad_Soul / Shutterstock.com
Nomad_Soul / Shutterstock.com

If you go shopping, don’t forget that the dollar store is your best friend. You can get paper plates and cups for cheap. Plus, your local store likely has all the decorations, noisemakers and party favors you need.

Tip 8: Don’t make a big meal

Africa Studio / Shutterstock.com
Africa Studio / Shutterstock.com

Since New Year’s Eve parties tend to start later, skip the big meal. Your guests probably will eat dinner before arriving at your place.

Instead of a big spread, make some easy appetizers, such as meatballs in the slow cooker and a few simple desserts. A cheese-and-cracker tray can also be an inexpensive way to feed guests if you buy chunk cheese and slice it yourself. And pizza is always popular.

Tip 9: Have a plan for when the clock strikes midnight

By fizkes / Shutterstock.com

Finally, the highlight of the night is when the clock strikes midnight. Figure out in advance how you want to mark the moment. Will you turn on the TV and watch the Times Square ball drop? Will you lead your own countdown? Make sure you have the traditional song “Auld Lang Syne” ready to play as you ring in the new year.

What are your plans for New Year’s Eve? Share with us in comments below or on our Facebook page.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next
4 Ways the Social Security System Will Change in 2020
4 Ways the Social Security System Will Change in 2020

These adjustments will impact both workers and retirees in the new year.

Grow Your Savings in 2020 With These 5 Tricks
Grow Your Savings in 2020 With These 5 Tricks

Saving money doesn’t have to be painful. Here are some ways to game yourself into stashing more cash.

5 States Where Drivers Pay the Most for Car Insurance
5 States Where Drivers Pay the Most for Car Insurance

Auto insurance will cost you more than three times as much in one state compared with another. Here’s how to lower your rates no matter where you live.

7 Reasons Workers Age 65 and Older Have Not Retired Yet
7 Reasons Workers Age 65 and Older Have Not Retired Yet

For some, the golden years are a time to increase the gold — but their reasons for delaying retirement vary widely.

Never Put These 8 Things in a Microwave Oven
Never Put These 8 Things in a Microwave Oven

A microwave can be a busy cook’s best friend. But heating certain things in a microwave can cause disaster.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
11 Things Retirees Should Always Buy at Costco
11 Things Retirees Should Always Buy at Costco

This leader in bulk shopping is a great place to find discounts in the fixed-income years.

Over 50? The CDC Says You Need These 4 Vaccines
Over 50? The CDC Says You Need These 4 Vaccines

Fall is the time to schedule vaccines that can keep you healthy — and even save your life.

9 Things You’ll Never See at Costco Again
9 Things You’ll Never See at Costco Again

The warehouse store offers an enormous selection, but these products aren’t coming back.

11 Senior Discounts for Anyone Age 55 or Older
11 Senior Discounts for Anyone Age 55 or Older

There is no need to wait until you’re 65 to take advantage of so-called “senior” discounts.

8 Things You Can Get for Free at Pharmacies
8 Things You Can Get for Free at Pharmacies

In this age of higher-priced drugs and complex health care systems, a trip to the pharmacy can spark worry. Freebies sure do help.

These Are the 4 Best Medicare Advantage Plans for 2020
These Are the 4 Best Medicare Advantage Plans for 2020

Medicare Advantage customers themselves rate these plans highest.

The 10 Most Commonly Stolen Vehicles in America
The 10 Most Commonly Stolen Vehicles in America

A new model parks atop the list of vehicles that thieves love to pilfer.

11 Household Items That Go Bad — or Become Dangerous
11 Household Items That Go Bad — or Become Dangerous

When you get the impulse to stockpile these everyday items, pay close attention to their expiration dates.

7 Ways to Boost Your Credit Score Fast
7 Ways to Boost Your Credit Score Fast

Your financial security might soon depend upon the strength of your credit score.

19 High-Paying Jobs You Can Get With a 2-Year Degree
19 High-Paying Jobs You Can Get With a 2-Year Degree

These jobs pay more than the typical job in the U.S. — and no bachelor’s degree is required.

5 Ways to Get Amazon Prime for Free
5 Ways to Get Amazon Prime for Free

Hesitant to drop $119 a year on an Amazon Prime membership? Here’s how to get it for free.

10 Reasons Why You Should Actually Retire at 62
10 Reasons Why You Should Actually Retire at 62

If you can, here are several good reasons to retire earlier than we’re told to.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

14 Things That Are ‘Free’ With Medicare
14 Things That Are ‘Free’ With Medicare

These services could save you money and help prevent costly health problems.

5 Keys to Making Your Car Last for 200,000 Miles
5 Keys to Making Your Car Last for 200,000 Miles

Pushing your car to 200,000 miles — and beyond — can save you piles of cash. Here’s how to get there.

26 States That Do Not Tax Social Security Income
26 States That Do Not Tax Social Security Income

These states won’t tax any of your Social Security income — and in some cases, other types of retirement income.

5 Things That Make Life More Meaningful for Retirees
5 Things That Make Life More Meaningful for Retirees

Retirees agree: These are the things that give them purpose and fulfillment in their golden years.

10 Things You Should Never Do With Bleach
10 Things You Should Never Do With Bleach

Does the pandemic have you reaching for bleach more than ever before? Learn the ins and outs of using this powerful disinfectant.

15 Amazon Purchases That We Are Loving Right Now
15 Amazon Purchases That We Are Loving Right Now

These practical products make everyday life a little easier.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.