finances

How To Throw A Party Without Throwing Away Money

How To Throw A Party Without Throwing Away Money

| Entertainment, Fun & Sports, Lifestyle | No Comments

The holiday season ended faster than you could say, “Jingle bells!” Your inner party animal mourns the relatively sharp decline in social events. Your wallet, however, breathes a sigh of relief. Your marathon month of holiday merrymaking has thinned it out significantly.

Nonetheless, many more reasons to celebrate lie ahead including Super Bowl Sunday, graduation season, birthdays, engagements, long weekends, etc. Again, the inner party animal within and your wallet are in discord. Fortunately, you don’t have to break the bank to party. The following money-saving options will help you minimize the expense and stress involved in throwing a party.

Reuse, Recycle, Redo

Start your party planning by writing a list of necessary items, and then take inventory of what you already have. Did you stockpile cookies, alcoholic beverages, or soft drinks during the holiday season? Use them at your party. You can also recycle or repurpose any party supplies or decorations leftover from previous events. Give these items new life by positioning them differently than you did before or coloring them.

Are you planning a theme party? Before selecting the theme, look through your closet for clothing that you can easily transform into a costume. For example, perhaps you have ripped jeans and enough hairspray to morph into a poster child of the 1980’s. In that case, opt for a decades or 1980’s theme to save money.

Serve Your Own Creations

Save money by preparing your own appetizers at home instead of buying them prepackaged. Don’t panic – this requires minimal skill in the kitchen. You can slice up a baguette for a simple crostini or bruschetta with your choice of toppings. Bread-based appetizers cost very little, taste great, and are sure to satisfy your guests’ appetites. If you happen to have a home garden, you can also serve vegetables with dip for even more bang with less buck.

Alcohol arguably eats up the largest portion of a party budget. However, you can easily whittle down this expense by making your party BYOB. Invite your guests to bring their own booze instead of bringing a gift. With a little more time and patience, you can even brew your own beer. True, this requires an upfront investment in a brewing kit and other supplies, but you will ultimately pay only a half (or even less) of what it costs to purchase most name brand beers. If the thought of drinking beer repulses you, buy an inexpensive wine and whatever fruit is in season for a basic sangria.

Have Free Fun

You don’t need to rent a bounce house or hire a live band to ensure your guests have a good time. You can plan simple activities that encourage everyone to mingle and relax. For example, as each guest enters the party venue, tape or pin an index card with the name of a celebrity to their back. Instruct them to guess the name of their celebrity, without peeking, using clues supplied by other guests. Offer an inexpensive prize to the first person who guesses correctly. This could be your ultimate stress-release party: you won’t have to deal with financial stress and, together with your guests, you will dance off the holiday stress (and weight) and the winter blues.

Painless Post-Party Time

All good things come to an end. The time has come to tackle the post-party mess, but your inner party animal already has plans for the next celebration. Thinking ahead can greatly reduce the amount of time, stress, and expense that comes along with future parties.

As you clean, carefully organize any remaining party supplies that can be used later. If party planning has left you drained of energy and funds, be sure to put leftover food in glass storage containers or zip-top freezer bags for convenient and free meals in the days following the party.

Without question, cleaning up after a party is tedious. Expedite the process by trading your couch for helping hands with party guests too drunk to drive themselves home. You will save yourself time. Your guests will save themselves money that would have been used to take a cab home. It’s a win-win.

Party On

You don’t need to starve your inner party animal to stick to a budget. You just need a little creativity. Think of fun ways to use what you already have. Get in the kitchen, and whip up some homemade appetizers and beverages. Come up with fun games that will get everyone in a festive mood. Most importantly, have fun in the process.

Personal Loan Considerations and Tips

| Finance | No Comments

You need or want to borrow money, but you aren’t sure how to start or where to look. After all, there are many options available to you and you do not want to waste time looking all over the place. Our handy guide here will show you the way. Read on and learn about the most important matters concerning personal loans.

1. How much do you need? You should have an amount in mind before you approach a banker. Specifically, if you have your eye on a used car that costs $5,000, then that amount is what you should ask. Avoid requesting more money than what you need as there is a greater chance you will be turned down and your monthly payments will be unaffordable.

2. What are your costs? A lender may charge you a loan application fee. If that is the case, consider this cost when borrowing money. Other costs involve interest and in some cases an annual fee to service your loan. Know what these are before applying for a personal loan.

3. Visit your credit reports. Obtain all three copies of your credit reports and review them. Visit AnnualCreditReport.com to get your copies — they are free as long as you order no more than one of each in a particular year. Review your reports and correct any problems before applying for a loan.

4. Obtain your credit score. Your three-digit credit score carries great weight. Specifically, it is the same score creditors use to determine whether you will be loaned money and at what interest rate. A low score usually follows problems on your credit report. Endeavor to know your score and how best to raise it before applying for a personal loan.

5. Know your options. There are many places you can look for a personal loan. Your current bank or credit union are logical first stops to make. You can also check with other banks, credit unions and financing companies. Some people prefer to use a site such as Prosper.com to borrow money from their peers. Explore each of your options and as mentioned in the second point, know your costs.

6. Unsecured or secured loans. Two types of personal loans are usually offered by lenders: secured and unsecured. With a secured loan, you can borrow money by putting something of value up as collateral, such as stocks, bonds or a house. With an unsecured loan, no collateral is needed. What you should know is that a secured loan is easier to get and loan terms are more favorable too.

7. Supply your documentation. Even as you begin to apply for personal loan, you need to get your documents together. Lenders will review your last tax return and will require two or three of your most recent pay stubs. Your lender will explain to you what other documents are needed, therefore gather this information together quickly to avoid slowing down the loan review process explains InstaLoan.com.

Loan Considerations

Now that you are ready to apply for a loan, take your time filling out the application. Carefully answer the questions and explain various points that the lender may ask. Before you submit your application, verify that the information is correct. Once you are confident that everything is in place, then make your submission.