There is nothing more ubiquitous in American culture than a big July 4th party.
In fact, 86% of Americans plan to celebrate Independence Day this year. They also plan to spend a total of $6.7 billion on food items, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics. The most popular July 4th activity for 61% of those surveyed? Cookouts, barbecues and picnics. And, according to the NRF, the average cost per person for a July 4th BBQ is expected to hit $73.33 in 2019.
What does this mean for you? It means that a typical July 4th celebration can quickly bust your budget if you’re not careful. Fortunately, there are several ways to keep your quintessential red, white and blue celebration affordable. In fact, you can actually save money and throw an awesome bash for $100. Take a look at 6 ways to do this.
1. Be Selective with Your Guest List
Keep your holiday cookout cozy by inviting a small number of people. This immediately lowers the overall expenses for your event.
Here’s a tip to help keep your party guest list from getting out of hand: Send out same day invitations to some extra folks. Many of your friends may have already said “yes” to another party invitation so if they say “no” to yours, they’ll never know that your goal is to keep your number of attendees low.
2. Host a Potluck
Hold a potluck and ask your party guests to pitch in and bring a dish. This keeps your food expenses low while allowing your friends to do their part.
A couple of tips to make your next holiday potluck fabulous:
· Create a Google doc and have attendees share what they’re bringing. This way you won’t end up with duplicate dishes.
· Run a contest to see who brings the most tasty dish. The winner gets bragging rights for the next year.
· Be clear with your guests about what you’re providing as the host. If you’re providing all of the alcoholic drinks, for example, you can ask your guests to bring seltzer water or lemonade instead.
If you’re still a little nervous about hosting your first potluck party, check out Apartment Guide’s tips.
3. Use a Savings App
Couponing sometimes feels like a hassle. Instead, strategize your savings with your favorite savings apps such as Ibotta or Checkout 51. Then, double up with savings from your favorite grocer’s discounts.
Here’s how this works:
· Create a list of items that you will provide for your July 4th holiday event.
· Quickly check each app to see if you can save on that item.
If you’ve earned cash back from your savings app, use that cash towards your party expenses.
4. Borrow a Grill and Other Supplies
No grill? No blender? No worries. Fight the urge to buy new appliances in order to make your event happen.
Instead, ask your neighbors or friends if you can borrow a grill, a blender or BBQ supplies. If you think you’ll continue using these appliances or items, perhaps you can compare costs and purchase them on sale. This way you’ll also have them on hand for future parties.
5. Grocery Shop Your Pantry
Before heading to the grocery store, shop your pantry. Spend some time looking at the ingredients that are already in your home. Make simple dishes with those ingredients. If you’re short on inspiration head over to Pinterest to search for ideas.
6. Watch Fireworks as a Group
According to the American Pyrotechnics Association, Americans spent $885 Billion on fireworks in 2017.
Instead of purchasing fireworks, you can instead spend nothing on pyrotechnics and instead head out as a group to see a local fireworks show. Check the following places for more information on fireworks displays in your area.
· Your city’s website
· Professional sports teams websites. An example of this is the Colorado Rockies in Denver, Colorado. The Colorado Rockies typically have a fireworks show if they’re playing in town July 3rd or July 4th. The great thing about this display is that you don’t have to attend the game in order to enjoy it.
Start Saving Now for Next July 4th!
Now that you’re set for this year, it’s time to start saving up for your next July 4th party.
By following the tips above, you now know that you can host a fabulous party on an affordable budget – year after year. Happy 4th of July!
This page is for informational purposes only. Chime does not provide financial, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for financial, legal or accounting advice. You should consult your own financial, legal and accounting advisors before engaging in any transaction.