Throwing an extravagant party without spending carelessly is a pure art. You may want to create an environment that will be the talk of the season, but for this, you may want to make your every penny count. You must decide on the theme, decorations, and expected guests. Do you want to launch a dress code? It adds flavour to the party and increases its glow. 

Moreover, dress is the basic aspect. Think about the catering and drinks. Investing in such an aspect increases your expenditure. It may take your budget anywhere to £100000! That’s huge! Therefore, plan every aspect and explore affordable ways to launch some.

Besides, you must have a good reason to host an extravagant celebration. It could be your son’s graduation, promotion, or post-wedding guest invitation. It must be about celebrating a milestone in your life. Otherwise, you can downsize and host a small get-together. It would be budget-friendly and help you reconnect with old buddies without financial worries.

The blog discusses budget-friendly ways to host a luxurious celebration. If you have been thinking of throwing one anytime soon, read ahead.

Strategies to be pennywise while hosting an exquisite party

The first thing to analyse here is whether you need an expert to host the party. Many individuals spend money on events and party planners for the desired outcome. However, it may increase the costs significantly.

 According to QOKO events, “Event planners usually charge a percentage of the total expense of the party preparations. This stays 10-15% of your event budget on average. The minimum you can expect to spend is £5000 on hosting a luxurious event.”

Therefore, you must analyse your finances and check the feasibility. How much can you spend maximum on the party preparations? Accordingly, keep that small amount safe and check options within that.

For example- you may explore the best-unsecured loans in the UK marketplace. It will help you finance the requirements if your budget does not suffice. Compare and choose the one with the lowest interest rates and loan costs. You can use it to book catering, arrange venue decorations, and make invitations. Here are other aspects that may help you launch an exquisite party on a budget:

1) Pair inexpensive food items with pricy ones

You may be hosting a luxurious party. However, it is not necessary to go budget overboard to serve the costliest drinks and dishes. Instead, you can amalgamate the best of cheap and exquisite dishes to serve on a platter. For example, compare the supermarket rates for the grocery requirements. It will help you choose the best one.

You can prioritise the quantity and the brand preference. If possible, go for generic brands rather than the popular ones. It will help you save handsome money on food shopping and preparations. Always create the party menu before shopping for groceries. It will help you keep the expenses within budget.

2) Choose a venue carefully

Identify the budget and decide the venue accordingly. Determine the expected guest count and the preparations that await the celebrations. It will help you understand the right venue within your location. Determine the availability and the costs by comparing the venues and the facilities. Check whether you can get some discounts.

Moreover, you don’t always need to hire a place to launch a luxurious party. Instead, you can consider your home garden too. It is especially true when you don’t expect a huge gathering of 50 or more people. It is budget-friendly as you don’t need to spend on the venue.

It could save you around 50% of the party costs. However, you can plan the budget, which will require you to decorate and plan arrangements in the garden. Thus, compare the choices and choose the best according to the requirements.

3) Identify the cost of hiring the DJ

Music is a critical aspect of any party. It sets the right nodes while celebrating a moment. Moreover, it encourages an adrenaline rush to groove to the best tips. However, deciding between hiring a DJ and hosting a personal music session is tricky. It depends on the gathering and the budget you have. Moreover, the venue also plays a role in deciding the best. 

If you want to go budget-friendly, you can install music players with your playlist. The choice of music must be professional. It should meet the different moods of the party. For example, different music should be played during cake cutting and dance on the floor. Keeping the variety will engage the audience and relish the party.

• Negotiate the deal if possible

It is one of the most important aspects of planning a party on a budget. It will help you save money on every celebratory parameter. It could be – catering, music, venue, etc. Check and haggle for the price wherever you can. Check for cheap grocery stores and other ways to keep the costs low. Haggling may be challenging if doing it for the first time. However, it is the tested way to reduce the amount to spend on creating a luxurious party look.

5) Identify the aspects of saving on parking

Parking is also one of the reasons that individuals fear hosting a budget-friendly party. The costs may rise significantly if you expect a huge crowd. Most individuals often forget about this aspect and plan finances. Here are some ways to save on the parking costs:

• You can check the park and the ride scheme
• Asks guests to park their cars farther from the venue
• Negotiate the package deals with the venue provider
• You can partner with local businesses to help you with the costs
• Split the costs with the hosting partner

6) Send digital invitations

You may be in favour of launching tangible invitations to invite guests. However, the costs may exceed quickly. Analyse the best ways to save on invitations. Check the locations from where the guests may attend the party. You can send invitations in bulk to most of the people who are there. Alternatively, check the best templates to create an online digital invitation.

There is nothing wrong with that. You may use it to create amazing invitations and videos depending on the party's motive. You must provide basic details like – venue address, time, date, and arrangements in the invitations.

Bottom line

Everyone wants to keep the costs low while preparing a luxurious party. Check and compare the costs across the vendors. You must decide on the budget before planning the arrangements. It will help you negotiate and haggle on preparations. Moreover, you can save on invitations by sending digital ones.