Through my REMAX website, a monthly newsletter is published. This article is from the December Real Estate Advisor.

Holiday Tips

Winter is a time for gatherings, from formal office parties to traditional dinners to small, casual get-togethers of old friends.

But spreading all that holiday cheer can be a lot of work, particularly for those hosting an event. Above all else, planning and hosting winter a party can be a huge financial commitment. Footing a large party bill can be a daunting prospect, especially with consumer prices up and presents left to buy.

Below are some ways to host a holiday party on a lighter budget:

• Ditch the paper invitations: Elaborate invitations with all the trimmings may be fun, but overall they are a waste of time and resources. In our digital age, an emailed invitation (such as those provided by evite.com) can be just as effective. If you just can't resist that hands-on touch, design your invitation graphic and email it out to your guests.

• Use real dishes and glassware: Disposable plates, silverware and glasses may save you the trouble of an end of the night washing frenzy, but they do cost money (particularly the higher-end versions). On top of the product cost, you'll also be left with that much more garbage at the end of the night.

• Keep decorations simple: Focus on simple lighting touches (white lights, candles, etc) and fresh flowers.

• Limit your food purchases: You may be tempted to dazzle your guests with a wide range of culinary delights, but it pays to simplify. Choose a smaller crowd-pleasing array of appetizers, sides and entrees.

• Purchase fewer beverages, in quantity: Along the same lines, you will have an easier time staying on budget if you focus your beverage options on some reliable standards, rather than trying to cater to every possible taste. Buy juice, soda and mixers in large (2 liter+) containers.

• Ask for help: It's the season for giving, so give yourself a break! Many guests will ask if they can bring anything or if they can help out in another way. If you're not comfortable asking all guests to bring a dish, have a select group bring an appetizer or dessert. Getting a little outside assistance can dramatically lower your holiday spending and ease your stress levels.