Apr 112018

How to Budget for Party Season

Posted on April 11, 2018 Uncategorized

How to Budget for Party Season

 

We’re approaching warmer weather in the Bay Area, which means you’ll be receiving a number of invitations to weddings, cocktail parties, backyard barbecues, and more. While going out and socializing at these events can be enjoyable and a good way to network and meet new people, the costs of attending them can add up quickly. When you consider the cost of travel, food and drinks, gifts and other incidentals, you may find that you’re going over your budget.

 

You certainly don’t want to miss the special events in your life and the lives of your friends and family, and with these tips, you’ll find you can budget wisely for social occasions and events.

 

  • Plan throughout the year. It’s easier to budget for wedding season when you receive save-the-date cards in the mail several months in advance, and if you know your family has an annual 4th of July party, you can plan in advance for something like that as well. However, not every social event is planned that far out, and some of the best parties are last-minute. Planning your budget throughout the year for potential social events and setting aside money for such occasion goes a long way when it comes to your financial security, and you’ll have that money saved if “party season” is a little more boring this year.

 

  • Keep an eye out for deals. Have you ever found yourself at the supermarket, buying a birthday card at the last minute? Or have you ever needed to buy a quick gift for a workplace Secret Santa party? To avoid having to make these on-the-fly purchases, check out deals on cards, gift wrapping materials, or gifts that work for any occasion. You can always find post-holiday sales, which is a great time to pick up Christmas cards and wrapping paper, Valentine’s Day gifts, Easter baskets, and much more depending on the holiday.

 

Get creative with how you cut corners. Unless you’re a multi-millionaire, everyone has to cut corners in their lives in some way or another. When it comes to parties and events, it can be incredibly easy. If you’re hosting a housewarming or holiday party, go with a potluck and have guests bring a dish. You can co-host parties with family or friends to split the cost down the middle. Or you can create your own decorations (Pinterest is a good place to check for party DIY ideas).