It is a common perception that parties cost a lot if you want to make them successful. This is not the case. You can arrange the most mesmerizing party without spending heavy sums of cash. One way to save money is to arrange a venue on your own. A lot of money is charged by party rental companies for arranging the venue. Thus, if you have your own location, the price goes down by a very big margin. Now let's come to the requirements in terms of seating arrangement and people. Your party should be arranged according to the frequency and category of guests. For instance, if you are celebrating your appraisal and you have thrown a party by calling your friends for a drink, you do not need a lot of crockery or cutlery. All you need is glasses, ice bowls and bar counter. Apart from that, if you are only calling your close friends, you do not need a lot of seats and tables. Thus, a large percentage of the costs will be cut down.