Money Wellness
An illustration of six people holding glasses of alcohol and sparklers against a backdrop of fireworks, celebrating New Year's Eve.
category iconmoney saver
calendar icon27 Dec 2024

Throw a budget-friendly New Year's Eve party

The countdown to a new year is an exciting time filled with hope and celebration.

But throwing a memorable New Year’s Eve party doesn’t have to break the bank.

With a bit of creativity and planning, you can host a festive celebration without emptying your wallet.

Here’s how to throw a New Year’s Eve party on a budget.

Planning the basics

Before diving into the fun details, start with the basics.

Guest list

Keep it small. A few close friends can make the evening enjoyable without overwhelming your wallet.

Set a budget

Decide what you can afford to spend. Work out the best party you can have within budget.

Theme

While themes can be fun, simplicity is key if you want to stay within your limits.

Consider a classic colour scheme like black and gold.

Invitations that don’t cost a fortune

Forget about fancy printed invitations. Digital invites are not only cost-effective but also eco-friendly.

Use social media, email, or free invitation websites. Make it fun with a theme or a quirky message.

Just make sure you get an RSVP so you can plan things accordingly.

Setting the scene

Your party atmosphere can be created with a little creativity.

Decorations

Use what you already have –  even leftover Christmas decorations can add a festive touch.

DIY decorations like paper chains or balloons will also add party vibes without costing too much.

Feeling creative? Create a glitzy centrepiece, like this one or make some confetti balloons.

Lights

Reuse any fairy lights and candles you have and put those empty glass bottles to good use – add some battery powered bottle lights for a cheap and cheerful decoration.

Repurpose glass jars for your candles: create some glittery tea light holders (we love these snow frosted glass jars!).

Even a simple ribbon or scrap fabric tied around the neck will go a long way.

Music

Create a playlist on a free streaming service or ask a friend to log into their paid account to skip any adverts.

Or keep it old school by dusting off those old CDs and popping them in your DVD player or games console. 

Choose upbeat songs to keep the mood lively – everyone secretly loves a cheesy pop song on New Year’s Eve!

Seating

Don’t stress about enough chairs. Ask guests to bring a cushion or use blankets for a relaxed vibe.

Food and drinks without the price tag

Food and drink can take up a big chunk of your budget, but there are ways to keep costs down.

Potluck style

Ask guests to bring a dish or drink to share. This gives you less to do but also adds variety to the menu.

Why not ask them to bring their favourite dish or stick to a theme?

Simple snacks

Skip a heavy dinner in favour of a few nibbles. Think crisps, popcorn or cheese and crackers, or leftover Christmas choccies.

Finger foods are easy to prepare and serve, as well as being fairly inexpensive. You’ll probably save on the washing up too!

Drinks

Buy a few bottles of wine or spirits and create a signature drink.

A punch bowl can be a fun way to serve cocktails and you can make them as fancy or simple as you like.

You can also ask guests to bring their own booze or a bottle of plonk to share.

Make any wine go further by turning it into a spritzer by adding lemonade or soda water.

Mocktails can also go a long way – a Shirley Temple or a virgin sunrise always go down well.

Blackcurrant squash or raspberry syrup can be used instead of grenadine if you can’t find it.

Fun activities on a budget

Keep your guests entertained without spending much.

Games

Cards Against Humanity, anyone? Board or card games can bring a lot of fun.

You could also set up a trivia game about the past year or find some free interactive quizzes online.

And you can always fall back on a good old classic round of charades!

Photo booth

Create a DIY photo booth with a simple backdrop and some props – those Christmas boxes can make a fabulous frame when painted or wrapped with some leftover wrapping paper.

Add some letters and drawings and you’ve got a one-of-a-kind prop to be proud of!

Countdown activities

Plan a toast or a group activity just before midnight – share New Year’s resolutions, have a group countdown or reminisce about the good things that happened this year.

Final touches

Focus on creating a warm and inviting atmosphere.

Welcoming environment

Greet guests as they arrive and make introductions to encourage mingling.

Keep the heat in

December can be  chilly and you don’t want to let more cold in by having people step outside for a smoke or a vape.

Keep all doors closed to retain the heat. Having the gathering in one room can help keep it warm without needing to turn up the heating.

Midnight countdown

Keep an eye on the time. You can use a smartphone or a clock to count down together.

Thank you notes

After the party, send a quick message thanking everyone for coming. It’s a lovely touch that goes a long way.

Remember your photobooth pics? Print them for free using a service like Snapfish and send them to your guests for a lasting memento.

Getting home

Save your guests a bit of cash by seeing who can share a ride home afterwards.

Taxis usually cost more on holidays like NYE, so your guests will be grateful if you can save them a few quid, especially if they live near each other!

Making memories

Throwing a New Year’s Eve party on a budget doesn’t mean sacrificing fun or enjoyment.

With a bit of creativity and planning, you can create a memorable night for everyone involved.

Happy new year!

Avatar of Michelle Kight

Michelle Kight

Michelle is a qualified journalist who spent over seven years writing for her local online newspaper. Having grown up in some of the North West’s most deprived areas, she has a first-hand and empathetic understanding of what it means to face serious money worries. With a strong interest in mental health issues, she is a keen advocate of boosting the accessibility of financial wellness services.

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