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Throwing a party is meant to be joyful and fun. Whether it's to herald your nuptials with your closest friends and family or honor your company's success with an out-of-office cocktail party, celebratory moments are necessary for building and maintaining important relationships in your life. However, while these moments are meant to be joyful, the price tag can feel like a stark reality check.

Although a 150-person wedding is relatively small, the median price for a small wedding in 2023 is about $18,525, according to The Wedding Report. Inflation also plays a role in throwing any event; the costs of an in-person event increased by 32% between 2019 and 2023 since the COVID-19 pandemic, according to the Global Business Travel Association.

While these average prices and rising inflation costs can feel discouraging—especially if you're working with a small budget—there are solutions you can consider that will help you throw a memorable event that won't feel cheap in the slightest. To better understand how to budget without sacrificing quality, Swimply compiled five money-saving tips to consider when planning and executing your next event, from choosing the best venue to decorations and entertainment that will better match your price point.

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