How to celebrate New Year’s Eve on a budget

Organizing a New Year’s Eve party can be expensive, but it doesn’t have to be. Here's how you can give your wallet a break from all the holiday shopping by adopting a few inexpensive party ideas that are quite fun too.

New Year’s Eve budget
The holiday season can be both expensive as well as exhausting. You’ve probably spent an entire month or two shopping, buying gifts and decking up your home for Christmas. Now, if you have to plan a New Year’s Eve party as well, it can be scary given the extra expenses and effort.

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Whether you’re planning on having a party for a lot of people or just for a few like your family and close friends, planning it in an inexpensive way will help save a lot of money. Looking at cost-effective New year’s Eve party ideas on a budget doesn’t mean your party has to be boring. Here are a few tips that can help you throw a great New Year’s Eve party this year with inexpensive ideas that will work well with your budget. 

Stream firework shows 

The firework shows on New Year’s Eve are always a sight to behold. But it’s no fun if everyone is outside in the cold and watching the fireworks go off. The only thing on your mind when you’re out in the freezing cold is that you want to get back inside. So, instead of setting off fireworks on your own, why not set up a live stream of the fireworks shows in your city for your party to watch indoors? 

Times Square in New York has the tradition of setting off fireworks at the stroke of midnight to welcome the New Year. You can stream this if you want. Or you can check out Disney World’s live stream of their fireworks as well. It is just as fun, we promise, but most importantly it is a cost-effective way of celebrating New Year’s Eve.

Stream movies for free 

Why buy movies when you can watch them for free? All you need is a subscription account to any of the streaming services such as Netflix, Paramount Plus, Disney Plus, etc.

Of course, you will have to pay for the subscription first. But most of these streaming services also offer a free trial for a few days. If you take a trial pack, you can stream movies for free at your party. Or if you or one of your guests already have a subscription, you can use it to stream movies. 

Set up a DIY photo booth 

Photos are a big part of parties. And renting a photo booth can cost quite a bit. Here’s an idea. Why don’t you make your own photo booth instead of paying a lot to rent one? This is sure to turn up the fun at your New Year’s Eve party and it doesn’t hurt your budget.

Here are the things you will need to create your own photo booth – a well-lit part of your house, a nice background with interesting wallpaper or balloons, and a few props that people can use while taking photos. Put up an instant camera as well and you have the perfect homemade photo booth. Your guests can take their photos home when they leave. 

Group games can be a lot of fun 

Want a way to keep your entire party occupied? Try group games. Indoor games can be a lot of fun since they usually involve everyone. Each person can play against the rest of the group, or you can divide your party into two groups and pit them against each other.

There are online games that you can play on your phones as well. Have people connected to your party remotely? Get them connected via Zoom and involve them in the games as well. 

Have mini fireworks too

Who says you can’t have fireworks at a house party? Of course, we’re not talking about the large fireworks that go boom high in the sky or create a lot of noise and fire indoors. You can have a small celebration with fireworks by getting your guests some sparklers.

Your party can light them as 2021 turns into 2022, at the stroke of midnight. Remember to use them in an open space and not indoors. Be mindful that even sparklers can cause fires. If this is not up your alley, get confetti poppers instead. They are a lot of fun but be ready to clean up the mess later. 

Ringing in the new year with a party at home doesn’t have to be an expensive affair. There are several smart money decisions you can take to end the year on a high note. Make sure to tick off your year-end financial checklist and ensure 2022 is your best financial year yet. Give your finances a rest from the stress of the holiday season by adopting some popularly used inexpensive party ideas. Not only are they a lot of fun but they also save you a ton of money. Happy partying. 

This page is purely informational. Line does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

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