Bangalore: It’s the season to be jolly! The holiday season has already kicked off, Christmas is knocking at the door the New Year is just one month away. You want to throw party and have an exhilarating start as you commence into the New Year, but you are worried what if you low on cash. Or what if it drags you into debt because throwing a New Year part isn’t cheap? From decorations to food and alcohol you would never realize how much money you are spending and would be flabbergasted on receiving your credit card bills. It definitely requires a lot of planning for have a great celebration that suits your budget.

Here are some tips that may help you host a New Year party without exhausting all your funds.

Decide How Much to Spend

Before you can get started with planning for the great event, it is necessary that you create a budget and decide on how much money you want to spend. Because I am sure you would not want to get trapped in debt in the beginning of the year or in any way let your finances suffer because you have the whole year ahead and it is not a good idea to get into financial problems at the very beginning. Set aside a separate budget for food, decoration and beverage. Instead of having a huge crowd and managing them would be difficult you consider organizing a small party in your house and invite your close friends and relatives.