Throw a Holiday Party on a Budget

Looking to trim your holiday entertaining spending? It's possible to create a classy bash for 12 on a $150 budget. You may just need to change the way you think about parties.

Use items around your house for decor and limit food to inexpensive but festive choices. Ask guests to pitch in by bringing their favorite artisanal cheeses, wine or Christmas cookies.

See our quick and easy party decorating ideas and super-simple, affordable recipes.

Make a white frame a pretty focal point by hanging an ornament from the hook in back. Or spray-paint a frame white; a can of spray paint runs just about $5.

Complement that look by framing a section of wrapping paper; we wrapped the cardboard that comes with the frame, ensuring a perfect fit.

Friends always ask what they can bring to a party. Ask them to share a batch of their favorite holiday cookies. You'll end up with a nice variety for guests.

Related: Christmas Cookie Recipes to Treasure

Create your own customized flower composition by covering coffee cans with wrapping paper and embellishing them with ribbon. Fill with inexpensive white carnations and baby's breath, plus evergreens cut from your yard.

Related: Easy Christmas Centerpiece Ideas

Simple white pillars of varying heights run as little as $3 each at big-box retailers. Use what you already have at home with some new ones. Ribbon scraps pinned around a few candles will coordinate them with your party decor.

Related: Ideas for Decorating with Holiday Candles

Create beautiful snowflake decorations for just the cost of paper. Hang from windows or string them in a garland to dress up the front of your buffet table.

To give our table some pop, we picked out three spools of ribbon, in various widths and shades, to use as a table runner. We wrapped our bud vases with the ribbon, too. Cost: About $15.

We spent $2 on a packet of 15 doilies, then printed out guests' names and laid the printed, cutout circles on top of the doilies. (Dollar stores sell durable, clear plates for about $1 each.)

To make a stunning centerpiece, you just need to find a serving tray, a clear glass vase and solid-color ornaments. Then sprinkle faux snow (or coconut!) over the display and wrap it up with some ribbon.

Buy one bottle ($13 or less) to start with, then ask friends to bring their favorite bottle to share. By the time most of your guests arrive, you'll have an array of interesting tastes and built-in conversation starters.

Just because you're cutting costs, it doesn't mean you want to skimp on dinner party customs, like showing guests the evening's menu. Here's a pretty solution: Buy card stock, then print out your menu, glue it to a doily and mount it on the card stock. 

A full bar will set you back. Instead, offer this festive Red Apple Crisp, created by Blue Plate Catering in Chicago. Rum, red apple liqueur, cranberry juice and club soda, garnished with an apple slice and cranberries, fill it with flavor.

Related: Holiday Party Drink Recipes

Turn grilled cheese into a special appetizer with artisan breads and cheeses and thin apple slices.

Related: Celebrate with 50 Holiday Party Recipes

Confetti Pasta With Shrimp: Stretch your budget by halving each shrimp lengthwise, which gives them a corkscrew shape when they cook. For 12 guests, use 3 pounds of shrimp, 1 1/2 pounds of pasta tossed in olive oil, a bag of frozen peas, chopped sweet peppers and chopped fresh herbs.

Fresh Mixed Greens With Cranberries: Combine two bagged salad mixes with crumbled goat cheese, slivered almonds and dried cranberries.

Two boxes of cake mix divided into three layers (freeze one layer to use later) create a stunning centerpiece dessert. Canned chocolate frosting can fill the layers and cover the sides; canned whipped vanilla frosting with a shaved chocolate bar sprinkled on top gives it a special-occasion look. To shave a chocolate bar, let it rest at room temperature for 15 minutes, then use a vegetable peeler.

Related: Best Holiday Dessert Recipes