As we bid a fond farewell to the warmer summer months and greet the arrival of fall, we look forward to its comforting elements like cozy sweaters, pumpkin spiced lattes, the refreshing crisp air, and, without forgetting, Halloween. Indeed, Halloween signals the start of the holiday season, providing the perfect excuse for people of all ages to indulge in dressing up in their favorite costumes. But what can truly be scarier than the prospect of creepy costumes, bone-chilling movies, eerie haunted houses, and loquacious skeletons? And how does one navigate a satisfying yet budget-friendly Halloween?
Halloween is an enormous industry. Forbes states that costumes alone compel people to spend roughly $2.6 billion annually, with another $2.08 billion spent on candies, and $1.96 billion on decorations. The average Halloween expenditure is around $86 per person, although many tend to shell out significantly more. With this in mind, if money is tight this year, here are some budget-conscious ideas to help ensure your Halloween doesn’t become a financial horror story.
1. CREATE A DIY COSTUME
Costumes are arguably the highlight of Halloween, and often the costliest. Instead of paying over the odds for a customary outfit, why not make your own from scratch? Pinterest, Etsy, and online costume retailers are great platforms to gather inspiration. By utilizing items you might already have, you can create memorable home-made costumes that will not only save you money but might also be the talk of your social circle. Consider using household items such as food color, gelatin, Karo syrup, and cornstarch to achieve desired makeup effects.
2. DIY YOUR DECORATIONS
Halloween calls for spookiness, but not when it comes to your budget. Unnecessary spending on decorations could scare the life out of your finances. Perhaps use art supplies you already have at home. For instance, grey or black spray-painted cardboard boxes can mimic tombstones, and emptied pumpkins serve as great votive candle holders. Consider borrowing a few unused decorations from your neighbors or friends. You may also find surprisingly cost-effective decorations in dollar stores. Be on the lookout for discount coupons in the Sunday circulars for arts and crafts stores like Michaels, Hobby Lobby, and Jo-Ann Fabrics.
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3. BE CANDY SMART
Sweets can become expensive promptly. If your neighborhood attracts a myriad of trick-or-treaters, opt for economical, assorted candy bags bought in bulk. Use online searches for available coupons and deals. Always ensure to buy individually wrapped candies for safety and bag these separately to maintain hygiene.
4. PLAN AHEAD FOR THE NEXT HALLOWEEN
Consider shopping for the following Halloween during clearance sales. You can find amazing deals on costumes, candy (ensure to check expiration dates), and decorations. Stores like Walmart, Target, Walgreens, and Home Depot are known to offer up to 75% discounts to make room for Christmas merchandise.
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5. SPLIT PARTY COSTS
Halloween parties can put a significant dent in your budget. Should you decide to host this year, make it a pot-luck dinner and request everyone to contribute their favorite spooky treats. Consider sharing expenses with friends and family for a financially comfortable celebration.
Budgeting for holidays is always a prudent move. Embarking on budgeting for the first time may seem daunting initially, but the realization of the savings you accrue may surprise you. Plan your budget based on your preferences, making way for additional spending in other areas. Implement the tips mentioned, maintain social distancing measures, and with a bit of preparation, you should be entirely ready for a fun and financially sound Halloween.
