An estimated 92% of U.S. adults celebrate New Year’s Eve. According to Wallethub, the average cost for a couple to enjoy dinner and a show in New York on New Year’s Eve is $1,160! Even if you don’t live in New York City as I do, you can easily spend over $1,000 to attend a major event. In this article, I’ll show you some inexpensive ways to celebrate New Year’s Eve when you’re on a budget.
Inexpensive Ways To Celebrate New Year’s Eve
Go To A House Party
When I was in my 20’s I used to love to go to nightclubs in Manhattan to celebrate New Year’s Eve. These parties would easily cost $150 just to get in! And some venues, I would still have to spend additional money to buy drinks…forget it if you want bottle service!
Since I’ve gotten more serious about my spending, I had to find more affordable ways to party. Therefore, I started going to house parties instead. This was one of the simple inexpensive ways to celebrate New Year’s Eve.
When going to a house party, make sure to bring a dish or a bottle of alcohol as a gift to your host.
Going to a house party will cost you anywhere from $10 – $50 depending on the dish or bottle you bring. This is a MUCH cheaper option than going out to a nightclub for a New Year’s Eve party.
Have A Game Night
Consider hosting a game night to celebrate New Year’s Eve. You usually don’t need to spend money on decorations for a game night, because it is more casual than a party.
You also don’t need to serve dinner at game night, because of the casual atmosphere. Prepare easy finger foods that don’t require silverware. Some examples are:
- Chips and dip
- Frozen appetizers you pop in the oven
- Finger sandwiches
- Cheese platter
- Veggie platter
Ask your guests to bring their favorite bottle of alcohol to save on cost. If you don’t have a large selection of games, ask your guests to bring their favorite game as well.
Have A Goal Setting Party/Sleepover
One of the inexpensive ways to celebrate New Year’s Eve that I really love is having a goal setting party. Creating goals are so important when trying to improve your financial situation.
Start of the New Year on the right foot by having a goal setting party or sleepover. Have your friends come over with their goal planners and discuss all of your New Year’s Resolution over wine and desserts.
You can also read more about some other goal-setting systems I’ve used in the past in my article “How Financial Goal Planning Will Save You More Money.” Hopefully, that article will allow you to see which goal planner might be best for you.
Finally, after you have set all your goals for the New Year, you can create vision boards together. A vision board is a board where you have images of some of the goals you would like to achieve.
For example, you cut out images and display whatever you want to be, have, or experience in life. This serves as a visual reminder of your goals.
Go To A Fireworks Show
Most cities will have a free fireworks show on New Year’s Eve. In Brooklyn, where I live, there is a spectacular New Year’s Eve fireworks celebration at Grand Army Plaza. So check your local town or surrounding areas to see if they offer a free fireworks show.
Have A Potluck Dinner Party
Host a potluck dinner party at your house. Ask your guests to bring a dish or a bottle of alcohol to keep your costs low.
Your house is probably already decorated for the holidays, so you don’t need to spend a lot of money on decorations. Even if you’ve already taken down your tree, keep the Christmas lights and other decorations up until January 1st.
Go to the dollar store for any additional decorations you may need such as noisemakers, party hats, large glasses, and party favors.
Go Out To Dinner And Order From The Prix Fixe Menu
Another way I enjoy celebrating New Year’s is by going out to dinner with a loved one. However, going out to eat for New Year’s Eve tends to be more expensive than normal because of the holiday.
Some restaurants offer a prix fixe menu for New Year’s Eve, which makes it more affordable. So, opt for the prix fixe option. Be sure to check out the menu before you decide what restaurant to go to.
The prix fixe menu is usually very limited, so you don’t want to be stuck ordering from the regular menu because you couldn’t find something you like off of the prix fixe menu.
Have A Champagne Toast
Finally, one of the inexpensive ways to celebrate New Year’s Eve is to have a champagne toast. You can make your New Year’s Eve a cozy one by not doing anything. Just snuggle up with a loved one and watch the ball drop on TV. At midnight have a celebratory champagne toast.
There are many inexpensive ways to celebrate New Year’s Eve. Go to a house party instead of a nightclub. You can also host a game night, goal setting party, or dinner party. Have your friends help out by bringing food or their favorite alcohol. If you decide to go out for dinner, order from the prix fixe menu. Finally, you can opt to stay home and just celebrate with a champagne toast.
As we enter the New Year, don’t forget to set yourself up with a working budget. If you want to see what budgeting method I’m using, read my article “How I Use My Monthly and Yearly Household Budget Spreadsheet.”
Happy New Year! May next year be your best year yet! If you want to remember this article, pin it to your favorite Pinterest board.