Event Budget Tips: How to Plan a Great Party Without Breaking the Bank

Got a celebration coming up but worried about the costs? You’re not alone. Most people think a good party needs a huge spend, but you can pull off a memorable event on a modest budget. Let’s walk through the steps you need to keep spending in check and still have fun.

Start With a Simple Budget Spreadsheet

The first thing you should do is write down every expense you expect. Grab a piece of paper or open a spreadsheet and list categories like venue, food, drinks, decor, and entertainment. Give each a realistic number and add a 10% buffer for surprises. Seeing the total right away helps you spot where you can cut back before you start buying anything.

Tip: Use the 50/30/20 rule as a quick guide—50% for the big items (venue, food), 30% for décor and entertainment, and 20% for extra touches like candles or small gifts.

Choose Affordable Décor That Still Looks Great

Home goods stores (like Cozy Cove) have plenty of budget-friendly décor that can make a room feel festive. Look for reusable items—plain white candles, simple string lights, or neutral table runners—and add a pop of colour with inexpensive fabric or a throw. You can also DIY by painting old jars or using fresh flowers from a garden.

Don’t forget to repurpose what you already own. A few extra cushions, a borrowed rug, or a blanket can change the vibe without costing anything.

When you shop online, filter by price and read reviews. Often a $20 decorative piece can look just as nice as a $60 one if you place it right.

Another quick win is to buy items in bulk. A pack of plain napkins costs less per piece than buying them individually, and you can add a splash of colour with a few ribbon twists.

Finally, think about the layout. Seating guests around a long table with simple centrepieces can look elegant and save you from purchasing many small décor pieces.

By staying organized, choosing smart décor, and using a clear budget spreadsheet, you can host a party that feels big without draining your wallet. Ready to start planning? Grab that notebook and let the savings begin.