How to Keep Your Spending Low New Year's Eve Weekend

As the year comes to a close, we all start to reflect on the changes we’ve made over the past 12 months — and hope some of them relate to how we spend our money. We’ve given you plenty of tips this past year on how to be more financially responsible, and we’re not about to let the final (or first, depending on how you look at it) holiday of the year ruin that. Go out with a bang by keeping your spending low this New Year’s Eve Weekend.

How to Keep Your Spending Low New Year's Eve Weekend

Make Parties Potlucks

Hosting a New Year’s Eve party can be expensive, especially if you plan on supplying all the champagne. Instead of fronting the entire bill yourself, ask guests to each bring a dish of food or some drinks. It can seriously cut down on how much you spend on the party.

Share Your Rides Home

Basically every transportation app and taxi company gives you the option to share your ride and lower the cost per person. If the friends you’re leaving a party with live relatively close to you, split the car ride home with them.

Bring Cash Instead of Opening a Tab

Cash allows you to decide exactly how much you’re spending while you’re ringing in the New Year. If you open a tab on your credit card, the bubbly can get the best of you, and you can end up ordering and spending more than you ever intended.

Don’t Drink and Drive

While we’d hope this is a given, we’re going to remind you anyway — if you’ve been drinking, spend a few dollars on a cab ride to get home and then get back to your car in the morning. The expenses you’ll end up paying if you get pulled over and arrested for drunk driving are not worth it. Think of it this way — $30 on cab rides so you stay safe, or $2,000+ dollars in legal fees for risking driving yourself?

At American Investment Planners LLC, we want to help you and your money stay safe, which is why we make it a priority to help you prepare for the best financial future possible. From managing your cash to 529 savings plans, we’re here to help with anything you may need. To schedule an appointment with one of our advisors, please call (516) 932-5130 or email info@americaninvestmentplanners.com.