Money Saving Tips: Graduation

As the school year starts to end, graduations, high school and college alike, are underway. Graduation is a momentous occasion in every student’s life and is one that deserves celebration. As the date approaches, however, now, if you haven’t already begun, is the time to begin planning your party.

While it’s understandable that every student hopes to have a unique and fun celebration, it’s all too easy to get carried away with your grad’s party. Not to mention the fact, that our culture tells us to pull out all the stops for a grad party. Unfortunately, if that’s the direction you go, you’ll likely spend much more than you ever hoped to or could afford. Instead of going overboard, get a little creative and follow these four tips to throw a graduation party that sticks to your budget.

1. CURATE A BUDGET

You’re first step to saving money in anything you do is curating a budget. Decide how much you’re willing to spend on the entire gathering. Figure out approximately how many guests you think you’ll event and go from there. Once you’ve figured out the grand total, go about dividing it into categories like food, decorations, and entertainment. Decide which categories are most important to you and which ones you can afford to spend a little less on. Try using a budget sheet to keep track of your numbers and to refer to them regularly.

2. Backyard Party?

While it can be fun and exciting to host a party at your favorite restaurant, country club, or banquet hall, renting out a venue can add a hefty amount to your budget. Furthermore, many venues can be picky about what type of food you serve, which can also rack up the costs. Instead of going this route, you might want to consider hosting the party in your home or backyard. That way you can tailor the party to your liking and budget any way you choose. Of course, if using your home isn’t an option, some inexpensive spots might be a local church or park.

3. Do It Yourself

Between decorations and invitations, the price of a graduation party can rack up quickly. Instead of spending most of your budget by purchasing all these items, why not do the do-it-yourself route?Recruit some of your family to help with decorations; you’re bound to know a few people who are great at crafts, and thanks to Pinterest there is no end to how-tos on homemade decor. Also, your invites don’t have to equate to wedding invitations. Use sites like Staples or Evite to make your own online invites out to guests. Cards are great, but you can still use a personal touch on Evites without the cost.

4. KISS ( Keep It Short and Simple)

Sometimes having a bunch of expensive decorations, food, and entertainment isn’t always better, and is way more expensive. Talk to your graduate about the things they really want at their party and give them choices instead of free reign. You don’t have to go overboard to throw a nice and beautiful party, so keep things simple. Simple is the key to saving money. Whether it’s high school or college, graduation is an important step in life that every graduate should be proud of. At the end of the day, however, you or your graduate is going to remember the day and all the wonderful people that came to congratulate them, not whether or not they had a five-course meal or expensive band for entertainment. You can still have a wonderful time and celebration and keep things on budget.