Cheap New Year's Eve party ideas 2017: Drinks, decorations and more for a small budget

i am a food blog/gimme some oven

It's the very last day of the year and your budget is shot. But that doesn't mean you can't host an incredible New Year's Eve party on the cheap. Drinks, decorations, entertainment and more don't have to cost a fortune — you can get your save on for the coming year. Or at least feel good about having a splurge-free New Year's. From budget-friendly punches to homemade wall hangings, here's what to do. 

Drinks

You'll definitely want a punch bowl to kick off the party, but supplement with these festive drinks to keep the party going long past midnight.

Raspberry cream mimosa

Raspberry mimosaSource: Cooks With Cocktails
Raspberry mimosa  Cooks With Cocktails

Cover up the taste of the cheap bottle of bubbly, but keep the best part (the bubbles!) with this easy-to-make raspberry cocktail. Get the recipe here.

Gin, elderflower and prosecco cocktail

Gin, elderflower and prosecco cocktailSource: Garnish With Lemon
Gin, elderflower and prosecco cocktail  Garnish With Lemon

This three-ingredient cocktail is cheaper than making a complicated, grocery-heavy recipe and all the ingredients can be stretched for several rounds. Get the recipe here

Pitcher-style margaritas for a crowd

Pitcher-style margaritasSource: Pinch of Yum
Pitcher-style margaritas  Pinch of Yum

Batch cocktails are always the way to go for a crowd, especially on a budget. Serve into recycled jars for a shabby-chic look that costs zero dollars. Get the recipe here

Sorbet floats

Sorbet floatsSource: The Domestic Rebel
Sorbet floats  The Domestic Rebel

All you need is a pint of sorbet and some cheap bubbly to make these sugary floats. Get the recipe here

Champagne Jell-O shots

Champagne gets cheaper when you split it up by shots — and they're so fancy your guests will be more impressed than if you just popped a bottle. Get the recipe here

Cheap bubbly with designer flare

Rebecca Minkoff X ChandonSource: Chandon
Rebecca Minkoff X Chandon  Chandon

Rebecca Minkoff has teamed up with Chandon to design a limited edition bottle worthy of strutting down a catwalk. And the California-made bubbly is only $24! Guests will think you splurged on the special bottle. Buy it at Chandon.com.  

Food 

Cook up a slew of festive appetizers or turn this New Year's party into a potluck, but absolutely prepare a special New Year's treat or two to impress (and feed!) your guests. 

One-pan baked Champagne cream sauce fettuccine with truffle oil

One-pan baked Champagne cream sauce fettuccine with truffle oilSource: Half Baked Harvest
One-pan baked Champagne cream sauce fettuccine with truffle oil  Half Baked Harvest

Bottle of André? Cheap. Box of pasta? Cheap. Truffle oil? Cheap-ish. This luxe pasta dish can be whipped up in less than 30 minutes and easily serve a crowd. Get the recipe here

Champagne and scampi risotto

Champagne and scampi risottoSource: food52
Champagne and scampi risotto  food52

Cook up a big pot of risotto for an Italian New Year's tradition that makes the most of your bottle of bubbly. Get the recipe here

Galaxy doughnuts

Galaxy donutsSource: i am a food blog
Galaxy donuts  i am a food blog

The galaxy trend may be on the way out for 2017, but celebrate the multicolored food phenomenon one last time with these sweet New Year's treats. Get the recipe here

One-bowl vegan funfetti cupcakes

Funfetti cupcakesSource: Minimalist Baker
Funfetti cupcakes  Minimalist Baker

These one-bowl cupcakes are a cinch to stir up and look festive AF with the rainbow sprinkles on top. Add some edible glitter if you're up for it! Get the recipe here

Decorations 

A package of confetti and balloons funneled with glitter only go so far. Spruce up your New Year's celebration with a few extra DIY decorations. 

DIY drink tags

DIY drink tagsSource: A beautiful mess
DIY drink tags  A beautiful mess

Keep your cup budget low and your dishwasher more spacious with these cute printable drink tags that add some fancy flair to every flute. Get the instructions here

DIY glitter-dipped mason jars

Glitter-dipped mason jarsSource: Bell'Allimento
Glitter-dipped mason jars  Bell'Allimento

Skip the fancy glassware and make your recycled jars look festive by dipping them in glitter! You can also use them as vases or votive candle holders for pretty decor. Get the instructions here

DIY photo booth

Make your own photo boothSource: Whitney Bond
Make your own photo booth  Whitney Bond

All you need is a wall, some props and some DIY signs to create your own professional-looking photo booth. Get the instructions here.

"Best Year Yet" banner

Best Year YetSource: Etsy
Best Year Yet  Etsy

Spending $12 on a banner doesn't seem unreasonable when you realize you can reuse this Best Year Yet slogan for decades of birthdays, anniversaries and New Year's celebrations to come. Buy it on Etsy.com.

Instagram wall

Instagram wallSource: Gimme Some Oven
Instagram wall  Gimme Some Oven

Print out your favorite memories from 2016 from yours and your friends' Instagram feeds to display, and relive some of the good moments from the past year. Put the pics in inexpensive frames for guests to take home as favors. Get the instructions here

Knit Champagne bottle

Knit Champagne bottleSource: Ravelry
Knit Champagne bottle  Ravelry

Supplement the real bottles of bubbly with hand-knit Champagne bottles. Enlist a few experienced knitters to help out. Get the instructions here.