Holidays are a wonderful time to entertain. And a little planning and budgeting will help you avoid financial headaches. Try the Holiday Entertainment Planner by Practical Money Skills and let it help you plan your entertainment so that you don’t have to pay for it the rest of the year. And Check out these entertain tips below to help you keep your holiday budget in shape too!
Cooking and baking for a dinner crowd can be a large task. But it is also a large honor. So why not share it? Plan group cooking sessions with some of the kitchen-friendly members of your dining party and strengthen friendships and family ties while you prepare the meal.
Don’t throw away your holiday budget after the holidays. Write down what you actually spent for the holidays next to your budgeted amount. Keep the information in a file to help with next year’s budgeting.
There’s never a shortage of occasions to eat. So baked gifts are often the most appreciated. If you would like to bring party favors to a party, small-sized baked goods or sections of a larger item are certain crowd pleasers.
In planning appetizers and drinks for a party, use the following averages as a guide: Two drinks per person per hour. Two of each appetizer you are serving per person.
Gift giving during the holidays can be expensive enough. There is no sense making other aspects of the holidays more expensive than they need to be. Save fancy restaurants and caviar for a less expensive time of year.
The holidays can be a very busy (and expensive) time of year. If you have a lot of friends you’d like to see for the holidays, try to wait until January to get together with some who live locally. Not only will you better distribute your time and resources, it might be a nice pick-me up during the after-holiday let-down.
If you are having two separate parties, have them on consecutive nights. You can shop once, cook once, decorate once, etc. Of course, cleaning and set-up for the second party will have to happen quickly.
Without a budget, it can be easy to fall into a spending frenzy. After spending several hundred dollars on gifts, what’s $60 for dinner? But these smaller expenses still add up to a lot of unplanned spending. Stick to your budget and it will be a happier new year.
Wearing the same party dress twice in the same holiday season may seem like a major faux pas. But if two different parties have two different sets of guests, who will know?
Hosting a dinner or party may prompt you to buy a new dining room table or some other piece of furniture. While this shouldn’t necessarily be classified as a holiday expense, you will need to figure the expense into your holiday budget.
Set your priorities before the holiday season. You have a limited amount of money to spend for the holidays. Decide what’s most important to you – entertaining, giving gifts or having fun. Then prepare your budget with those priorities in mind.
If you have the time, invite friends over for a Sunday brunch instead of meeting at a restaurant. A brunch isn’t nearly as demanding as a dinner, and your home may offer a more relaxing atmosphere than a restaurant.
If most of your dinner guests are local, a potluck holiday dinner may be a great way to save time and money while helping your guests feel like a more important part of the dinner. Beyond the traditional dinner, a potluck allows guests to share their holiday customs and dishes with each other.
Pictures from this year’s festivities make great gifts next year. Be sure to have a camera on hand for special holiday occasions.
Holiday party budgets should include cab fare. Not only is it necessary if you are planning to drink alcoholic beverages, it also frees you from the task of finding and paying for parking.
Remember that celebrating the holidays should be enjoyable for you, too. Don’t stress yourself, spend yourself into debt or spread yourself too thin trying to create the perfect holiday memories. Memories make themselves when you are enjoying time with friends and family.
Breaking out the holiday cheer does not mean breaking out of your holiday budget!
– the Moms Buzz