Consumer Watch: NYE on a budget


Of all the things to do during the winter holidays, most Americans say they plan to spend time with friends and family, but if your bank account is looking a little worse than you expected, your new year celebration doesn't have to suffer. Trying to save money as we say goodbye to 2018 doesn't mean you should stay at home and sulk. You can opt for the inexpensive or even free route to start the new year off, without adding to your debt.

According to Wallethub-- a personal finance site, 83-percent of Americans spend less than 200 dollars for their New Year's Eve celebrations.

Having a pot luck at home with friends is an inexpensive option for celebrating. Sticking to traditions, like eating black-eyed peas, is also an inexpensive way to make the day feel special.

If you are going out, participating in New Year's Eve themed celebrations will likely mean a major mark up, going out without buying tickets to themed parties can save you some money. Don't forget to take advantage of freebies that make celebrating the new year special, like checking out your city's fireworks display when midnight strikes. There are also family friendly events that are on the more inexpensive side, like opening night in Oklahoma City. Wristbands are 8 dollars for pre-sale and 10 dollars the night of the event. A major way to save money and your well-being in the long run is to budget some money for an cab or ride share home if you have been drinking.

According to Wallethub's survey the top resolutions, if you are into that kind of thing, are eating healthier, working out more, saving more money (consumer watch's personal favorite), and practicing more self-care, like getting enough sleep.

Data does show that most resolutions fail by February, so having a plan can help get you through that February slump.

close video ad
Unmutetoggle ad audio on off