How to create budget for your birthday
Peachy is celebrating its birthday and we know that you love celebrating yours and your friends’ birthdays. This is why we have written this fresh birthday spending guide to help you navigate through the financial areas of your birthday spending. Birthdays always inspire people to do brand new things. Whether you want to go travelling or if you want to throw a big party for yourself, you need to have a rock-solid budget that will keep you in check.
Here are our top steps that you need to follow to manage your birthday spending:
Tip #1: Have a spreadsheet
It’s easy to have a notebook to write down all of your spending but if you really want to take control of your finances, you should have a spreadsheet. Spreadsheets are easy to manage and control because they are structured to list all of your expenses. Your spreadsheet should be updated every day with how much you are spending on your birthday.
Tip #2: If you are having a party, finding a free venue
It’s much better to avoid paying for a venue if you can. Finding free venues can happen if you make a small donation for a hall at a church for example, is a good way to get a venue. You could also reserve a table at a bar instead of booking the whole bar because you won’t be charged for reserving a table.
Tip #3: If you are paying for a venue, get a discount
You must try and get a discount as soon as possible. Discounts can run anything from 10% to 50%. Speak to the venue manager and explain that you need a discount because you want to save money for your birthday.
Tip #4: Invite a small amount of people
The more people you invite, the higher your birthday party expenses will be. If you want to keep costs down, you need to keep your birthday party numbers very small. This is especially true if you are hosting a dinner party, going to a posh restaurant or going to a club.
Tip #5: Decide what happens with food & drink early on
One of the best things you can do for your birthday spending is to know how you are spending the money on food & drink. If you plan to make the food & drinks yourself, you will save some money but it will also eat up a lot of time that could be spent trying to cut costs in other areas.
Tip #6: Don’t print invites
Many people waste good money on printing stationery for their birthday parties. You can send email invites or you can even invite people via Facebook to save even more money. This is cash that you could use for other areas of your birthday such as decorations.
Tip #7: Decorate yourself
The crucial thing to do here is to do the decorations yourself. One of the benefits of doing your own decorations is that you save money from hiring an event planner. Event planners can be expensive and they would bring their own assistants to decorate. Grab a few of your friends and ask your friends to help you decorate at your party for free.
Tip #8: Music
Most of your guests will expect to hear music at a party or birthday event. After all, is it a real birthday without music? If you want to save costs, don’t hire a DJ and instead find a music-obsessed friend and ask them to DJ for free. Tell them that you will give them a reference for paying DJ jobs later if they do a good job for you. You can always make CDs of the songs that you like if you want to save extra money for the music of your party.
Tip #9: Gifts
If you are attending a birthday party of a friend or family member, try and plan your gift in advance. Most adult party goers don’t give gifts, but if you know someone who loves gifts and you are going to their party, try and buy an affordable gift a few weeks in advance so you are not scrambling at the last minute.
Tip #10: Get a friend to bake a cake
Birthday cakes can make the costs of your birthday party go up and then all of a sudden, you don’t know how to pay for it. Most of us have friends who love to bake. Ask a good friend if they would consider baking a cake for your party especially if they are passionate about baking. You can ask them to do it for free and in turn, you can promote their baking skills to your guests.
These top 10 tips are going to help you reign in spending for your birthday party or any other birthday party that you could be involved in. As we celebrate our birthday, we want you to be in the driver’s seat of your finances when organising your party.