Shopping may have drained your budget, but that doesn’t mean you can’t host a holiday party with panache. It just takes planning — and ingenuity — to create champagne parties on a beer budget.
“The essence of successful entertainment doesn’t lie in the amount of money you spend in preparing for your guests. It lies in the time, thought and care you devote to the surroundings, activities and menu,” says Tracey McBride of Long Beach, California, a frugality lifestyle expert and author of the book “Frugal Luxuries by the Seasons.”
Following are some easy ways to spruce up your holiday event without overspending.
RATE SEARCH: Shop Bankrate today for the best high-yield CD rates.
You don’t need caviar and champagne to impress. Simple and inexpensive ingredients such as raw vegetables can be a big hit.
“It’s all in the presentation,” says Andrea Correale, founder of Elegant Affairs, a caterer based in New York City and Glen Cove, New York.
Veggies with dip on a big platter? Ordinary and humdrum, says Correale, whose company has hosted events at the historic club The Players in Gramercy Park and the mansion that houses the Nassau County Museum of Art in Long Island.
But take those same ingredients and place them in individual glass votive candleholders that guests can pick up and carry while mingling “and you’ve got something special,” she says.
“It’s the little details that make it look trendy and appealing,” Correale says.
No need to break out the filet mignon if you want to serve more substantial food; cheaper cuts of meat can be presented with style. For example, you can braise beef in a casserole and serve it in sourdough bread bowls, she says.
“Whatever you serve, kick it up a notch,” she says.
Potlucks or simple buffets are certainly less costly than sit-down, seven-course dinners. Pare it down even further by hosting a brunch, dessert or cocktail party.
For a cocktail party, offer a holiday punch or signature drink to control the costs of buying different types of liquor. Browse the web for interesting holiday drink ideas — such as candy cane martinis, Correale says.
If a New Year’s Eve party calls for champagne, opt for a champagne cocktail instead, says Allison Julius, co-owner of Maison 24, a home decor and accessories retailer based in Bridgehampton and Manhattan, New York. Put a few fresh pomegranate seeds in a champagne flute and add pomegranate juice. Then, fill it with champagne.
“The red-tinted drinks look festive and will stretch out the number of servings you get from each bottle of champagne,” Julius says.
Party hosts often find it easier to use paper plates, napkins and plastic cutlery. But they also can cheapen the event and — ironically — add to your costs.
Instead, break out the real stuff: Gather all your plates and flatware.
“They don’t need to match,” McBride says.
Real plates add a touch of class to your occasions without busting the party budget. You can even take this back-to-basics approach one step further, McBride says.
“I like to use a collection of vintage handkerchiefs in lieu of paper napkins,” says McBride.
The key is to remind yourself that making a big impact doesn’t require a huge amount of money, Correale says.
“It’s all about taking the ordinary and making it extraordinary — simple food plus big visual impact makes a party to remember that won’t break the bank,” she says.
ADVISER SEARCH: Want help making the most of your money? Find a financial adviser near you today.
Don’t buy expensive holiday decorations for a party when there are plenty of free raw materials in your yard.
Correale likes to use Styrofoam cones to artistically display evergreen clippings and create a centerpiece tree.
“At a florist, this would cost you $40 or more,” she says.
She also takes real fruit — apples, oranges, pears — and spray-paints them gold for centerpieces.
“There are many things in your home (that) can be transformed into something that is suitable for holiday decorations,” Correale says.
For lighting ambience, use candles everywhere, says Phyllis Cambria of Coconut Creek, Florida, co-author of “The Complete Idiot’s Guide to Throwing a Great Party.”
If you don’t have enough candleholders, use plain glasses and teacups. You can also turn glasses upside down as a stand for pillar candles.
“These will look terrific when they are displayed in a group in varying heights,” Cambria says.
You can also pack glasses with sand or decorative rocks to hold taper-candles in place.
For inexpensive holiday scents, set some apple cider, fresh cloves and cinnamon at a simmer on your stove instead of buying costly premade potpourri, Correale says.
RATE SEARCH: Get some interest on your savings starting today! Shop money market accounts at Bankrate.com.