Although it may seem unthinkable, there are plenty of ways to have a New Year’s eve bash that doesn’t completely destroy your piggy bank. In an economy crisis like we are in, people are looking for low cost alternatives and strategies to buy for cheap anything that they would need to get the party started. Here are a few tips for saving cash and yet still having the right “tools” for a fantastic party:

Avoid costly alcohol. Truth is, alcohol contributes to a lot of New Year celebration misteps for people anyway. So, instead of putting out tons of cash on liquor, try something different that you can buy for cheap like sparkling cider or fizzy, sherbet punch for your guests. You will save loads of cash by keeping alcohol out of the party.

Check local thrift stores for party supplies before going to a retailer. Many times, people have items left over after their affairs and simply donate them to make space. Their leftover party supplies can be a treasure that could save you lots of money.

Add some personal flair by making your own party hats! With a little cardboard or card stock, wrapping paper, and string, you could make some really funny cone-shaped party hats that your guests will love! Simply roll the cardstock into a cone, secure with tape or staples, wrap with colored paper (could be newspaper comics), and use string, yarn, or ribbon to make a tie. Voila! Silly, simple, and a great savings for your event.

Have everyone bring a dish! Instead of putting out your own money for the food, let everyone chip in with their own special dishes. For people that are not “chefs”, have them bring the simple stuff like paper goods and condiments. If you would like to help your guests save, encourage them to do a little research for some frugal recipes that you can all enjoy! By not having to worry about the food, you will not only save your cash, but you will save your sanity because that will be one less thing on your to-do list.

Start the New Year off with a few extra pennies in your pocket by saving on your new year’s celebration. Frugal recipes, taking advantage of every opportunity to buy for cheap, and being an ultimate frugal fashionista by making your own party goods could help you have a fabulous affair without spending fabulously!