Holidays Money Student-made

How to celebrate New Year’s Eve on a student budget

Reading Time: 2 minutes

Falling right after Christmas, most students will be feeling the financial pinch by December 31st. Fortunately, ringing in the New Year doesn’t necessitate splashing the cash. To give you some inspiration, I’ve put together some ideas for a great New Year’s Eve on a budget.

1. Host a party at home

If you are set on a big NYE celebration surrounded by friends and family, then invite them to your home for a party. Leave your Christmas decorations up, create an upbeat playlist, devise some party games, and get your guests to bring their own alcohol and snacks. You are guaranteed to have just as much fun as an evening out and it will cost a fraction of the price.

2. Organise a sleepover

Having people over to celebrate the new year doesn’t have to entail a party. Invite a group of close friends’ round, make some popcorn, and spend the night watching films or catching-up on the latest gossip. I often find an intimate night with your closest friends is unparalleled by any form of large event.

3. Have a cosy night in

Sometimes the idea of socialising for NYE is just too much, especially when the lead up to Christmas has been jam packed with socialising. This year, choose to have a quiet night to yourself. I always enjoy getting into my cosiest pyjamas, lighting a candle, putting on a face mask, and bingeing some form of reality TV.

4. Celebrate in the day

For some, the idea of a late night is less than appealing. Well, why not skip the evening celebrations and go out for the day instead? Whether it’s a scenic winter walk with family, brunch with friends, or a picnic in the park – do whatever will make the day special for you.

5. Check the community calendar

Most local communities host a free or cheap New Year’s Eve event, both for families and adults. If you are set on attending an event for NYE, but don’t have the finances to afford a big night out, this would be a great place to start looking.

6. Go out to dinner but have drinks at home

Enjoy a pre-dinner drink at home, opt for soft drinks at your favourite restaurant, and then enjoy a post-meal evening of alcohol at home. This is a great compromise for anyone who wants to experience an evening out for NYE but can’t afford the overpriced alcoholic drinks in bars and restaurants.


I hope you all find a way to celebrate NYE in an affordable way. Remember, spending a lot of money doesn’t guarantee a great night; you can have a lovely time with friends and family without having to use your overdraft.

Set a budget, stick to it, and have fun!

%d bloggers like this: