7 Methods to Host a Budget-Friendly Graduation Party – MaybeMoney

7 Methods to Host a Budget-Friendly Graduation Party

7 Methods to Host a Budget-Friendly Graduation Party

As the end of the academic year approaches, it brings with it a season of both high school and college graduations, a pivotal moment that calls for celebration. However, while this is an exciting time, it’s crucial you start planning your child’s graduation party if you haven’t already done so.

While we all desire to have a unique and memorable party for our graduates, it’s very easy to get swept away and end up spending more than you planned to. Our society often encourages us to spare no expense for graduation bashes. However, with some creativity and adherence to these seven tips, you can organize a memorable graduation party that won’t drain your finances.

1. SET A BUDGET
The first thing to do to keep costs under control is setting a budget. Establish your maximum spending limit for the party. Estimate the number of guests you’ll invite and allocate your total budget into various aspects such as food, decorations, and entertainment. Identify which areas are most important and where you can cut back on spending. A budget sheet could be handy to track and revisit your figures.

2. PLAN A JOINT PARTY
While low-key parties can still be costly, considering shared festivities is one sure way to save. Encourage your child to choose a fellow graduate with whom to co-host the party. The cost of the venue, decorations, and other services will be shared, resulting in substantial savings. It also doubles the fun as the graduates share their common friends.

3. HOST AT HOME
Though it’s exciting hosting parties at favorite places like restaurants or banquet halls, renting a venue can be quite costly. Using your home or backyard for the party not only saves you money but also allows you absolute control over the event. If your home isn’t suitable, consider other budget-friendly options like local churches or parks.

4. DO IT YOURSELF
The cost of decorations and invitations can quickly escalate. Instead, opt for DIY alternatives. Seek the help of your crafty family members and leverage platforms like Pinterest for creative ideas. Send out online invitations using websites like Shutterfly or evite, which are cost-effective solutions yet personal and warm.

5. SCHEDULE THE DATE WISELY
Save more by choosing less popular days for the party. Weekends, particularly Saturdays, are common and thus the cost of services is typically higher due to demand. A Thursday, Friday or Sunday celebration might see fewer guests but could offer significant financial savings.

6. THINK OUTSIDE THE CATERING BOX
While catering services deliver great convenience, nothing beats the cost and taste of home-made meals. Choose to cook the food yourself, opting for simple, affordable, and tasty dishes. You can also ask friends and family to contribute a dish each. For desserts, rather than ordering an expensive custom cake, go for simpler options like cupcakes and cookies.

7. KEEP IT SIMPLE
Flashy decorations, food and entertainment can make a party expensive and don’t necessarily make it better. Discuss with your graduate about what they would really value having at their party. Keeping it simple saves money and retains the joy of the occasion.

Regardless of whether it’s a high school or college graduation, it’s a significant milestone to be celebrated. But remember, what will be remembered is not the lavishness of the celebration, but rather the joy of the day and the loved ones who came to share it. With good planning, there’s no need to break your budget to put on a great party.

Share your fun, cost-effective graduation party ideas and any affordable food suggestions. Let’s celebrate smartly together.