here is a chill in air, and the leaves are beginning to change in many parts. Halloween is coming! You can almost hear ghosts wailing, witches cackling, and skeleton bones clicking.
Since Halloween is just the beginning, it’s easy for people to get carried away with holiday spending. A few candy bags here and there can quickly add up.
1. Halloween Costs
It is important to keep in mind that holiday really start to ramp up on the heels of Halloween. There are the costs of hosting guests, large holiday meals and decorating, as well as gifts and gifts. Although we don’t mean to stress you, but to remind everyone to budget for their holidays, beginning with Halloween.
NRF discovered that 52% of homeowners plan to decorate their yard or home — spending a total $3.17 billion to transform their homes into freakish wonderlands. It’s easy to see why Halloween decorations can quickly add up. A 5-foot skeleton is $86, and a 60-inch string with spider-webbed lights costs $15.
Costumes are available for everyone. According to the NRF, 46% of Americans plan to wear costumes (and spend $3.32 billion on them). However, this year’s NRF report shows that women are particularly eager to feel the thrill and chill of costumes. In 2021, the average woman has spent $60.65 on costumes. This is an increase of about $5 over 2020.
It’s difficult to estimate how much Americans will spend on Halloween events because there are so many. If history is any guide, it’s clear that Halloween events are extremely popular and consumers will spend a lot to have a scary night.
💀 Family fun
Although the jury is still out about whether trick-or-treating is safe for children in the current pandemic, many consumers are happy to celebrate Halloween and will open their wallets to help.
The National Retail Federation predicts that Halloween-related spending will reach $10.14 billion, an increase of $8.05 billion in 2020, and a record high. On average, Americans will spend $102.74 this Halloween.
2. Throwing A Halloween Party On A Budget
You don’t have to spend a lot to host a great Halloween party. Enjoy a great Halloween party with a limited budget with these steps….
💀 Host a party at home
Host the party at home to save money. You don’t have to pay rent for a room, or any other space. If you don’t have enough space in your apartment or home, consider having guests meet outdoors in a park. You can often reserve a pavilion in a park for a very low price.
💀 Limit the number of guests
You cannot invite your entire school, soccer team, or entire neighborhood. There’s a limit to how many people you can invite. While it is a great idea to invite all your acquaintances, it can be difficult to keep the holiday budget under control if you have a lot of guests. If you’re on a tight budget, a party that has only the closest friends as guests is best.
3. How To Save On Your Halloween Decorations And Costumes
Find out a few ways to have a low-cost Halloween without skipping any of the fun!3
💀 Create a DIY costume
Halloween Costumes are the most exciting part of Halloween. However, they can also be the most expensive. Why not make your costume from scratch instead of spending a lot on them? You can make your own costume from scratch. You can find inspiration from Pinterest, Etsy and online costume shops, then make your own. This way you can cut costs by using things you already own to create memorable costumes for your loved ones. Keep it affordable and budget-conscious.
💀 Make your own decorations
The more frightening the better, right? But not if you’re on a tight budget. Halloween decorations for your Pennsylvania home are a big expense and can be a drain on your budget. You may already have art supplies. Use them! Gravestone markers are made of cardboard boxes that have been painted black or gray on them. Votive candle holders are made from hollowed out pumpkins.
Look for ways to reduce the cost of Halloween decorations and other supplies if you do end up buying them. Ask your friends and neighbors if they are willing to lend you decorations that they don’t have plans to use for Halloween. You can also save on holiday lighting charges by comparing electric rates and switching to a more affordable provider before the holiday season
💀 Save on the treats
You can also find candy quite expensive. You shouldn’t spend a lot of money on chocolate bars, especially if your neighborhood has many children. Instead, purchase a large quantity of candy bars in bulk. Also, do an internet search for coupon codes and discounts. Buy what you can afford!
💀 Shop for next year’s Halloween
Check out clearance sales for next year. It may seem odd to shop for Halloween right after Halloween. However, you won’t be disappointed by the amazing deals that can be found on costumes, candy, and decor. Some stores are trying to free up space for Christmas.
Budgeting for the holidays can be a smart move. It’s a great place to begin a budget if this is your first time. It can seem daunting to budget for the first time. But once you start to calculate the savings you have created, it will not seem so difficult.
You should always have a plan for your money. Keep it simple and follow your plan. Do not go to Halloween without having a plan.