According Soasta.com, millennials will spend 33 percent more this holiday season on gifts than they did last year. But their increased holiday spending is not limited to Christmas gifts. Eater.com reported that millennials spent 4 percent more when dining out on Christmas Eve and New Year’s Eve compared to 2014. So, when the gift giving is done and the sights are set on ringing in the New Year, how can millennials save some moola? We’ve got a few ideas.
1. Late Night Workout
Why not start off the new year a little more fit than last year? Get a group and sign up for an evening yoga, Pilates or barre class on December 31. Since many will be out celebrating in a comparatively more traditional way, happenstance may yield a personal-instruction-type class and perhaps even a deal or two on an already fairly economical activity. Check out Groupon Inc (NASDAQ: GRPN) for coupons on classes in your area.
2. Host Your Own Wine Tasting
For those millennials 21 and older, consider sampling wines within the comfort of home. Ask each invitee to bring a bottle of wine and send you the name of it before the party. This will allow you to research each chosen wine and present a description of it to the group at the tasting. Depending on how many people you invite, you might even ask those invited to pair up with a fellow attendee so that one can bring a bottle of wine and the other can bring an appetizer that would partner well with the wine of choice. This method helps to further divide costs.
3. Have A Movie Marathon
Invite guests to go casual and come over to watch films until the ball drops at midnight. Get a group shared document going to compare each other’s top film choices for the evening. This strategy also helps form a sense of who owns what flicks thereby eliminating the need to rent films and, in turn, trimming associated costs even more.
Giving is certainly a great way to get started off on the right foot in the new year. Serve meals with friends or family at a nearby soup kitchen, make felt blankets at your home for a local hospital or take care of dogs and cats at your neighborhood animal shelter.
5. Have A Pie-Baking, Cookie Cutting, Favorite Treat Preparing Party
Start preparing desserts for New Year’s Day celebrations by inviting friends and/or family over to make desserts. Everything from pies to cookies to cakes. But who says you have to save all those goodies for tomorrow? Taste test your creations as you enter into 2017!
While it might sound enticing to head off to an exotic place or go out to a rooftop party in the heart of a big city, these particular activities usually have an expensive ticket price. Instead, start 2017 with more money in your account and less debt by celebrating with one (or all) of the five options highlighted in this article. Chances are, even by experiencing all five economical alternatives, you and your loved ones will save more than you would had you hit the town.
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