1. Find free entertainment
Maybe your neighborhood pub has a band playing on New Year’s Eve, and it’s not charging money to get in. If you do some digging, you may find that there are numerous options for no-cost entertainment in your neck of the woods. The result? Huge savings.
2. Don’t dine out
Restaurants charge an enormous markup on food and alcohol during the year. On New Year’s Eve, prices can be even more inflated, which means that dining out is bound to cost you a bundle. Furthermore, many restaurants impose prix-fixe menus on New Year’s Eve to not only boost their profits, but make it easier to handle a large influx of patrons. As such, there’s a good chance you’ll spend than what you normally would on a restaurant meal, since you’ll be paying for an appetizer, entree, and dessert, as opposed to just an entree, or perhaps an entree and a shared appetizer for the table. Rather than spend needlessly, eat some food at home and then find a low-cost event to enjoy afterward.
3. Host a potluck gathering
Rather than pay a small fortune and get stuck battling crowds by going out on New Year’s Eve, consider staying home and having a few friends over instead. If each of you prepares one dish to contribute to a meal, and brings one snack and bottle of wine, you’ll spend roughly one-tenth of what the typical American anticipates forking over.