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:

Leave off the alcohol. For some people, they get in more trouble because of a wild, alcoholic new year celebration than they thought possible. Try something different this year and make being with your friends and loved ones the main attraction for your event instead of just the thrill of consuming lots of drinks. It may actually make the event more special because you and your guests might actually be able to remember all of the fun that you had!

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.

Go for the unconventional. Instead of buying lots of paper hats make your own! Use old wrapping paper and small lengths of cardboard from something like a cereal box. Then, fashion the cardboard into a cone shape and cover it with the wrapping paper. Use string, ribbons, or newspaper to create a tie to keep it on.

BYOF – Invite people to Bring Your Own Food! This is a great way to save and get your party “catered” with loads of yummy fare. Pretty much, let people bring what they want, and for those that are not the best cooks, have them pick up the extras like condiments and chips. One of the only things better than being able to buy for cheap is not having to buy at all!

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!