5 Ways to Save Money When Planning a Graduation Party

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Source: Thinkstock

Source: Thinkstock

2. Have the party at your house

While you could rent out a local reception hall or throw a huge party at some fancy restaurant, if you have the party at your house, you can potentially save money and have more in your budget for food. If you really want to stay on a¬†budget, it makes sense not to pay for a location when you can have the party for free at your house. Most of your child’s friends should already be familiar and comfortable at your house, which will help.

Outside parties (in your backyard or at a park) can also be a great way to save money. Many people enjoy being outside, and if you set up seating, much of the afternoon or evening can revolve around just talking and relaxing. You also can avoid cleaning your house if you do this (or only cleaning the path that guests will take to the bathroom.)

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