Planning a Retirement Party on a Budget – Tips for Planning an Inexpensive Retirement Party

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If you’re planning a retirement party, you might be looking for ways to cut costs. After all, parties can be downright expensive and retirement parties are no exception. In fact, the average retirement party (in a banquet hall) with more than 35 guests typically costs $2,000 or more. And, the average retirement party (at a house) with 35 guests typically costs $750 or more. However, you can significantly reduce these costs and plan a great retirement party on a modest budget. In this brief article, we are going to discuss how you can plan a retirement party on a modest budget.

Here are some tips on inexpensive retirement party planning

1. First, you need to know your budget. After all, how can you stick to your budget if you don’t know what your budget is? With that in mind, the first step to planning a retirement party on a budget is figuring out how much money you have for the party. Write down your expected costs and expenses.

2. Second, evaluate your expense list and do a price comparison. This can be accomplished by contacting stores, warehouses, and recreational facilities in your area and online to determine if your expenses are reasonable. If necessary, adjust your list so you have a realistic expense sheet to work with.

3. Third, refine miscellaneous items. In other words, determine what you can do to reduce your list. For example, can you schedule lunch instead of dinner? Can you invite fewer people? Can you organize the party yourself? Can you reduce paper items or choose cheaper ones?

4. Fourth, shop around. Once you’ve narrowed down your list, you should shop around for the best prices. This includes online and offline purchases. In fact, to ensure you save the most money, be sure to start buying discounted goods and services as soon as possible. Then use merchants and service providers to bid against each other. Also, just because a lower price isn’t offered doesn’t mean it isn’t available. In many cases you just need to be prepared to claim the discounts and in many cases they will be granted to you. After all, just about everything is negotiable. You just have to be prepared to bargain for better prices.

In conclusion, planning a retirement party doesn’t have to be difficult or there are cost effective ways to plan your party. You just need to be prepared to know your budget, assess your expenses, make price comparisons, narrow down miscellaneous costs, and shop around. Once you’ve done that, you can rest assured that you’ll have a great retirement party that won’t break the bank.



Source by Tim Gorman

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