The Cheapest Way to Throw a Fun New Year's Eve Party

Your bank account’s already been through enough this year.

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December 17, 2019

Photo by: Getty Images

Getty Images

With New Year’s Eve right around the corner, it’s time to start planning your end-of-year bash. Hey, it’s the last party of the decade! But after all that holiday shopping plus a year of splurging on Starbucks lattes (guilty as charged), you might be wondering if there’s a way to celebrate 2020 while sticking to your budget. Not to worry — here’s how to throw a rockin’ New Year’s Eve party without breaking the bank.

Make It BYOB

$11.29

Providing alcohol for all your party guests can quickly rack up the bill. After all, you’ll need to buy IPAs for the hops lovers, white and red wine for the vino drinkers and, of course, bubbly for when the ball drops. Reduce the cost by supplying one type of booze (say, a few boxes of wine or cases of beer) and asking your friends to pitch in and bring their favorite drinks to share.

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Set Up a Photo Booth

It doesn’t take much to make your party memorable and make sure everyone gets an Insta-worthy photo. Keep your guests entertained until midnight by creating a makeshift photo booth in your home. All you need is a blank wall or a solid-colored sheet as a backdrop, a "Happy New Year" streamer and a few props (think fun hats and giant picture frames). Have your guests use their phones to snap photos as you countdown the last moments of 2019.

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Pour Bubbly Into Plastic Flutes

$11.89

It’s not a New Year’s Eve party without a champagne toast to ring in the new year. Instead of dropping big bucks on pricey glass champagne flutes, buy a set of plastic glasses made from recycled materials. You won’t have to worry about anyone accidentally shattering glass on the floor, and after the last drop of bubbly has been sipped, you can either recycle your eco-friendly flutes or wash 'em with soap and water to save them for your next shindig.

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Start Your Party After Dinner

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COVER_151.tif

Food Stylist: Brett Kurzweil Prop Stylist: Paige Hicks

Photo by: Andrew Purcell

Andrew Purcell

Seeing that your guests will inevitably stay until the wee hours on New Year’s Day, there’s no reason to have everyone arrive as early as 5 p.m. That’s a looong party. Instead, plan on starting the festivities at 8 or 9 p.m., long after dinner hours are over. This way, your friends are more likely to eat dinner at home, meaning you can provide inexpensive appetizers or snacks rather than a whole sit-down meal.

Buy in Bulk

$14.98

Nobody wants to kick off the new year by washing a stack of dirty dishes. However, the cost of paper plates, bowls, napkins and cutlery can add up quickly. Get the most bang for your buck by buying all your party essentials in bulk. You can use what you need for New Year’s Eve and still have enough stocked up for 2020. This goes for any food and drink, too — especially, if you’re having lots of guests over.

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Repurpose Your Holiday Decorations

$12.99

Don’t store your holiday decor away just yet! Your Christmas lights and candles can be reused to take your New Year’s Eve party to the next level. Hang white or colored lights around the room to brighten the party space, and light flameless tea candles to set the mood for the evening. You don’t need a whole new set of décor just because Santa has already made his yearly round.

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DIY Your Own Confetti

$5.59

When the clock strikes midnight, you’ll want plenty of confetti on hand. Skip the store-bought stuff and craft your own with a material you probably already have lying around: tissue paper. Just fold the tissue paper, cut it with scissors into little pieces and get ready to celebrate.

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Pick a Theme

$19.99

Shopping for the perfect New Year’s Eve outfit can be frustrating and put a dent in your bank account. This year, save yourself the stress by hosting a themed NYE party. Keep the theme fun and simple, so guests can wear clothes that are already in their closets. For instance, you can throw a grown-up pajama party or have everyone dress as their favorite cultural moment of 2019 (dibs on Baby Yoda).

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