--- title: How to Throw a Holiday Party on a Budget description: The holiday season is filled with time spent with family and friends, but also means your budget is probably going to take a hit. Luckily, we have some tips and tricks for you on how to not go over budget while still getting to host a fun-filled holiday party for friends and family. image: https://info.carringtonmortgage.com/hubfs/IMAGES/Newsletters/shutterstock_1206994339.jpg --- [Skip to content](https://info.carringtonmortgage.com/information-center/how-to-throw-a-holiday-party-on-a-budget#main-content) ![bell icon](https://info.carringtonmortgage.com/hubfs/raw_assets/public/Templates/2022/svg/Alert-Notifications-Icon.svg) [![Carrington Mortgage Services](https://info.carringtonmortgage.com/hs-fs/hubfs/carrington_logo_final_2col_rgb.png?width=250&height=57&name=carrington_logo_final_2col_rgb.png)](https://www.carringtonmortgage.com) - [About Us](https://www.carringtonmortgage.com/our-mission) - [Careers](https://www.carringtonhc.com/careers) - [Investors](https://www.carringtonhc.com/investors) - [Contact Us](https://www.carringtonmortgage.com/contact-us) [Recent Transfer](https://www.carringtonmortgage.com/new-customers) [Customer Login](https://www.carringtonmortgage.com/login) MAKE HOME WORK Manage My Home arrow-down-anticon/submenu Manage My Mortgage arrow-down-anticon/submenu Learning Center MAKE HOME WORK Manage My Home arrow-down-anticon/submenu - I Am Ready to Start - [Buy a Home](https://www.carringtonmortgage.com/home-loans/buy-a-home/check-existing-customer) - [Refinance My Home](https://www.carringtonmortgage.com/home-loans/refinance-a-home/refinance-step) - What Loan Is Right For Me? 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Here are some quick tips and tricks to have fun while sticking to a plan. Why not throw that party AND adopt a New Year’s spending resolution a little early! **Create a Party Budget** The first step is deciding how much you’re willing to spend. Set a maximum overall limit, then break it down into categories—like food, drinks, decorations, and other miscellaneous items. Assign each of those categories a portion of your spending budget, so they all total the overall budget amount. **Figure out Your Main Priorities** Playing host/hostess doesn’t mean you need to reach peak extravagance a la Martha Stewart! You can decide what’s important to you and align your vision with your budget. When it comes to food, don’t feel like you have to serve a lavish, five-course sit down meal for your guests—it’s easier and cheaper, to provide guests with appetizers and snacks strategically placed for festive conversation and holiday mingling. Alternatively, you could always turn your party into a potluck and have your guests bring an assortment of their favorite specialty dish to share. **Guest Lists** Inviting the right people is more important than inviting everyone you know. The holiday season is all about spending time with the ones you love, not about running yourself ragged trying to host a party for your entire contact list. In addition to creating a more memorable party, fewer guests means you won’t have to spend as much money entertaining them or time cleaning up. **Sharing is Caring** If there is something you don’t have and can’t justify spending money on, ask around and see if any friends or family members have what you’re looking for. Whether it’s serving pieces, decorations, or even the odd recipe, most people you know would be more than happy to help you with what you need! Overall when planning your party, remember, it’s less about the “things” and more about spending cherished time with your loved ones. Happy Holidays from your Carrington Family! ## Related Articles [![](https://info.carringtonmortgage.com/hubfs/IMAGES/Newsletters/shutterstock_317837666.jpg)](https://info.carringtonmortgage.com/information-center/new-flooring-101-the-complete-guide-to-refreshing-your-floor) [Home Loans](https://info.carringtonmortgage.com/information-center/tag/home-loans) [Homeowner](https://info.carringtonmortgage.com/information-center/tag/homeowner) [Home Tips](https://info.carringtonmortgage.com/information-center/tag/home-tips) ### [New Flooring 101: The Complete Guide to Refreshing Your Floor](https://info.carringtonmortgage.com/information-center/new-flooring-101-the-complete-guide-to-refreshing-your-floor) The holiday season is just around the corner, and before you know it, your home will be the host of family gatherings and friends dropping by with holiday cheer.... [Read More](https://info.carringtonmortgage.com/information-center/new-flooring-101-the-complete-guide-to-refreshing-your-floor) [![](https://info.carringtonmortgage.com/hubfs/IMAGES/Newsletters/shutterstock_630679436.jpg)](https://info.carringtonmortgage.com/information-center/safety-tips-for-furry-friends) [Homeowner](https://info.carringtonmortgage.com/information-center/tag/homeowner) [Home Tips](https://info.carringtonmortgage.com/information-center/tag/home-tips) ### [Safety Tips for Furry Friends](https://info.carringtonmortgage.com/information-center/safety-tips-for-furry-friends) Like many Americas, you may have come out of Quarantine with a new four-legged friend. Whether you are a first-time pet owner or have experience, we wanted to provide a... 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