Do you want to host a fun and frugal New Years Eve party? Don’t be embarrassed if you can’t afford to spend hundreds on a celebration for New Year’s Eve. Your friends and relatives should be understanding and more than willing to help chip in to make the party a success, especially if you’re hosting it at your home.

Below are some ways to cut costs and still have a great time.


Unless you’re having a booze-free party, alcohol can be a hefty expense that you can’t afford to overlook. And, depending on the number of guests that will be in attendance, you could easily spend a few hundred dollars on alcohol.

One way to save money is to ask your guests to bring their own booze. You can be generous enough to make a bowl of your favorite spiked punch, but you will save money by asking everyone to bring their own liquor. For those that don’t plan to drink, encourage them to provide juices and sodas so you’ll have a variety of beverages to choose from. Most people offer to bring something to a party and would be happy to provide this. 

Also, don’t forget to make plans to ensure everyone arrives home safely after a night of fun. Consider having a designated driver to transport partygoers who have one too many, open up your spare bedroom for anyone who needs a few to sober up, or arrange public transportation. 

Check The Dollar Store 

There are loads of hidden treasures tucked away in the dollar store. And around the holidays, chances are you’ll find themed eating utensils, plates, paper goods, party favors, decorations, and a host of other trinkets to make your New Year’s Eve party shine. 

Take advantage of these deals while supplies last and beat the last-minute crowd if possible. Most importantly, remember that you’re on a budget, set a limit on how much you’re able to spend in the dollar store, only use cash to keep your spending in check. 

Don’t forget about online deals similar to what you’d find at the dollar store. You can find some of the best offers and coupons on party decorations here

Host a Potluck Style Dinner 

If your fun New Years Eve party will start late in the evening, your guests should not anticipate a meal when they arrive. But if you do plan to serve dinner, why not go potluck-style? You can ask your guests to bring their favorite dish (and keep a list to avoid overlap). Just don’t forget the deserts, eating utensils, paper goods, and non-alcoholic beverages. Another option is to order pizza and accept any offers from guests who might like to chip in. There are often deals and specials when it comes to pizza delivery on a holiday.

Limit The Menu

If you don’t want to serve a multi-course meal, you can always provide hors d’oeuvres for your guests. With the right selections and enough on hand to fill up your guests, they’re sure to be a hit. And if you’d prefer not to absorb all the costs, you can drop the top choices in a Google Sheet and invite attendees to sign up for the hors d’oeuvres they’d like to bring. 

Make Your Own Decor 

Pinterest is your one-stop-shop for party decor inspiration that won’t cost you very much. In fact, you can decorate quite a bit using items you already have lying around the house. 

Don’t be in a hurry to take down all the festive decor from Christmas. Those holiday lights may help create the perfect ambiance for your New Years Eve party. 

Par Down the Guest List 

As a last-ditch effort to cut costs, set a limit on the number of guests you plan to invite. It’s still possible to host a fun New Years Eve party, even if it’s a tad bit more intimate. By paring down the guest list, you’ll put less pressure on yourself to have enough food and drinks on hand for everyone. 

Plus, your guests will have the opportunity to really get to know one another and connect on a personal level. And who knows? Your party could be the start of a few lifelong friendships amongst your guests. 

Entertain Your Guests 

There’s nothing more boring than a New Years Eve party where everyone sits around and stares at one another until the clock strikes midnight. But that doesn’t have to be your party. Scour the web for game ideas and ask your guests to give input as well. If space permits, create your very own makeshift photo booth using items you already have.

Most importantly, have a plan for how you and your guest will ring in the New Year. Do you plan to host your own countdown or will it be easier to tune into the festivities taking place in Times Square? The choice is yours, but you want to have a plan before the guests start strolling in. 

Don’t Forget The Playlist

What’s a rocking New Years Eve party without all the right tunes? No, you don’t need to hire a DJ to pull this off, but it is a good idea to make a list of your top tunes to play at the party. Or, you can make your life easy by streaming a themed-station from Pandora or using Spotify to make the perfect playlist. 

Have you hosted a New Year’s Eve Party in the past? What tips helped make it fun and frugal? 

frugal new years eve party


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