Real-Time Quotes
Get Free Real-Time Quotes Direct From the NYSE and the NASDAQ!


- advertisement -

Planning a budget-friendly bash

A lame party -- we've all either been to one or (horrors!) hosted one. A keen eye for budgeting can help make your party planning easier. This way a raging good time can had by all, even the host.

No matter how big or small your shindig will be, experts agree: A budget should be at the top of your guest list. Sherri Foxman, owner of Party411.com of Cleveland warns, "You must have a budget or you will go overboard."

But remember, a budget doesn't have to limit your outlook; it can help bring your party into focus. "Think of how many things you need for a large event: photographer, videographer, invitations, entertainment, catering, linens, rentals, etc. By making a budget, doing your homework, you will keep costs down," says Foxman.

Steve Kemble of Steve Kemble Event Design in Dallas suggests making a line-item budget list of party expenses (such as food, beverages, flowers and entertainment) as a first step in party planning.

With your budget in hand, you can begin to plan whom to invite as well as the party date, atmosphere and location. Once you know how much you can spend, it will help you set boundaries on the amount of guests and the type of food, entertainment and decorations you choose.

Let the party planning begin

Kemble advises that you should plan your invitations carefully, because they set the mood and let your guests know exactly what you are trying to achieve. In addition to a proper invitation list, Foxman reminds that invitations should include a way for people to R.S.V.P. Additionally, Foxman suggests that when choosing the date for your party, be sure to allow enough time and make sure that it doesn't compete with another event.

The time of day you choose for your party can determine the how much you will need to spend, says Linda West, owner of Melange Catering in Houston. If your party overlaps with a mealtime, your food budget could be higher.

- advertisement -

"When planning your menu it is important to consider the following: where you will serve the food, who will serve the food and what the food will be served in," Kemble states in his guidelines. If you're considering catering the event, prices can range from $7.50 per person to $75 per person.

Considering who your guests are will help you decide on the type of food. The food served at an informal college reunion will be different from the spread you put out for a formal sit-down dinner. If you need to hire a caterer, Foxman recommends that you get references, and pick a caterer that fits within your prepared budget. "Always come in with a price when hiring a caterer or you'll overpay," Foxman warns.

The main event

If you're overwhelmed with the details of party planning, you may want to consult a professional event planner. "Many people feel uncreative, disorganized and overwhelmed by the thought of having 200 of their closest friends over for dinner at the Marriott in honor of Mom's 75th," admits Foxman.

"One needs an event planner when they want to be a guest at their own party," says Foxman.

Kemble agrees that more and more people are hiring planners, stating that "outsourcing is huge now in the corporate market."

Although he has planned huge events like Cirque Du Soleil's opening night and events honoring both presidents Bush, Kemble maintains that event planners can help with smaller functions as well.

"The No. 1 thing we hear is, 'I can't afford an event planner,' yet this is not necessarily true," Kemble states. "What people have to remember is that we are volume buyers. With event planners you are getting wholesale prices."

Foxman says the cost of hiring an event planner varies, but the standard cost comes out to 20 percent for an event like bar/bat mitzvahs, weddings or large milestone events. She agrees with Kemble that a good planner can work with your budget and put you in touch with the right people to pull off the perfect party.

And, best of all, the planner will make you look good. "A planner will make sure you forget nothing," Foxman stresses.

A theme scheme

Whether you enlist professional help or you're on your own, experts recommend developing a theme for your party. "A successful party is like a theatrical production," says Diane Warner, author of "Diane Warner's Big Book of Parties." To make the most impact, the theme must start at the planning stage. "If you can carry a theme from the invitation to start with," Warner assures, "it will get the attention of the person."

One popular party option that Warner suggests is a video scavenger hunt. The groups of guests are sent out with video cameras and a list of tasks that the host has compiled. The tasks are left up to the host's imagination -- anything from getting a person-on-the-street to do the Macarena to finding road kill.

Kemble points out that another hot trend is a Latin/Salsa themed event. "It's that Ricky Martin thing! Swing was at the top of the list, but it's fading some," Kemble gushes. Bernie Leiner owner of Harbor Lights Music and bandleader for Harbor Lights Orchestra of Ardsley, N.Y., confirms the popularity of Latin and swing music.

Missy Buchanan, a creative lifestyle specialist of Something to Celebrate in Dallas, teaches seminars and workshops on building creative confidence. She recommends that hosts think of how an event can be done differently. When the Dallas Cowboys didn't make it to the Super Bowl, Buchanan threw a "prescription for the Super Bowl blues" party with invitations on prescription stationery and other similar decor.

Another option, adds Warner, is a party progression. It involves changing venues for each stage of a party. For example, you could have pre-dinner cocktails standing in one room and dinner could be served in another room with subdued lighting, and after-dinner drinks or dessert in another area. Warner says a party progression can create a sense of anticipation.

A successful party depends on a variety of things -- the food, the entertainment and whether you've done your homework. A little creative planning will make your night more enjoyable and leave a huge impression on your guests.

Frugal tips for a fantastic evening:

  1. Make a contribution to a local high school band. Then send that horn-tootin', cymbal-crashin', baton-twirling band right up through the middle of your event.

  2. When planning the menu, ask the caterer to design theme-action station for your event, such as a stir-fry station or a sushi bar. You are providing excitement and décor inclusive in your food budget.

  3. Water parks, sporting events, rodeos and amusement parks all provide built-in atmosphere and entertainment.

  4. For a corporate picnic with a minimal food budget, ask a caterer to provide the entrée and the employees to provide the side dishes. Encourage employees to submit recipes for their dishes two weeks prior to the event. Then copy the recipes and bind them into a simple book for and distribute a corporate recipe book at the event.

  5. A local museum may cost you some money to rent, but don't forget you'll save on decorations since partygoers will be surrounded by millions of dollars worth of art.

  6. Consider a jungle-themed event. Contact your local zoological society. For a contribution, you may be able to get live elephants for your event. Both the corporation (who receives recognition from the zoo) and the zoological society (that gets the funds they need) will be winners.

  7. In the case that you must have a corporate meeting, and you have no entertainment budget, contact the human resources department and organize a departmental talent show.

  8. Consider a masquerade-themed event. Guests who arrive in costume provides your event with color, atmosphere and pizzazz. Encourage the guests to wear masks -- this can add intrigue to an event.

  9. A unique idea for a luncheon that needs a spark can be to clean out your warehouse and pile the tables full of old décor items such as feathers, lame swatches and Styrofoam balls. Then let guests build their own centerpieces. This not only can help your budget, but serves as a great icebreaker for your event.

  10. Make a corporate donation to a civic cause. This is for companies who have low budget, but want to do something that has a great impact. This is win-win situation for everyone.

Source: Steve Kemble Event Design

What NOT to do at your next party:

  • Never cut corners on entertainment. It can make or break a party.

  • Never run out of food or liquor.

  • Never leave out details like air conditioning.

  • Never leave guests feeling uncomfortable -- introduce them.

Source: Sherri Foxman of party411.com

Stop making excuses: Throw a great party!

  • Don't have the time. Answer: Keep the guestlist small, with a simple and/or casual party.

  • Don't have the energy. Answer: Allow as much time as possible to prepare.

  • Don't have the money. Answer: Care for the guests and your sincerity will come across.

  • Don't have a party personality. Answer: Be sincere, don't try to be someone you're not.

  • My home isn't nice enough. Answer: Have the party outside your home at a beach or park.

Source: Diane Warner, author of Diane Warner's Big Book of Parties: Creative Party Planning for Every Occasion.

Updated: May 16, 2003

 

 

 
See Also
The cost of a wedding site
You don't need to spend a bundle on a wedding
Financial advice glossary

Print   E-mail

30 yr fixed mtg 5.97%
48 month new car loan 6.83%
1 yr CD 3.63%
Alerts


Mortgage calculator
See your FICO Score Range -- Free
How much money can you save in your 401(k) plan?
Which is better -- a rebate or special dealer financing?
VIEW MORE CALCULATORS

BASICS SERIES
Begin with personal finance fundamentals:
Auto Loans
Checking
Credit Cards
Debt Consolidation
Insurance
Investing
Home Equity
Mortgages
Student Loans
Taxes
Retirement

MORE ON BANKRATE
Ask the experts  
Frugal $ense contest  
Quizzes  
Form Letters

ADVERTISING PARTNERS

- advertisement -
top of page
 
- advertisement -
News & Advice | Compare Rates | Calculators
Mortgage | Home Equity | Auto | Investing | Checking & Savings | Credit Cards | Debt Management | College Finance | Taxes | Personal Finance
About Bankrate | Privacy | Online Media Kit | Partnerships | Investor Relations | Press/Broadcast | Contact Us | Sitemap
NASDAQ: RATE | RSS Feeds | Order Rate Data | Bankrate Canada | Bankrate China

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2008 Bankrate, Inc., All Rights Reserved, Terms of Use.

HOME    |     NEWS    |     MARKETS    |     EARNINGS    |     INVESTING    |     VIDEO | CNBC TV    |     CNBC PLUS    |     CNBC HD+
(c) 2007 CNBC, Inc. All Rights Reserved. About CNBC    |     Site Map    |     Privacy Policy    |     Terms of Service    |     Advertise    |     Help    |     Feedback

Global Business and Financial News, Stock Quotes, and Market Data and Analysis

Data delayed at least 15 minutes unless noted with a lightning bolt 
 for Real-time snapshots