Party Saver

Food and alcohol are usually the bulk of the budget when it comes to hosting a party – but you can save a bundle by timing it just right...

Avoid the hungriest hours of 5 to 7pm. If you start the party around 3 – your guests will probably make alternate plans for dinner – and you can keep the menu simple along the lines of wine and cheese. Another good option is around 8pm – with a more desert oriented menu.

The more streamline you keep the cocktails, the better. Stick to the staples or have one signature drink to serve with a non-alcohol version for the designated drivers.

Source: Jamie Novak, author of “Stop Throwing Money Away”