Home > Personal Finance > 7 Ways to Cut the Cost of Halloween

Comments 0 Comments

What’s spookier than creepy costumes, haunted houses and talking skeletons on Halloween? The expenses incurred to pull it all together!

But you can avoid frightening your bank account by using the following seven tips to slash costs without missing out on the fun.

1. Create a DIY Costume

Pinterest is always available and full of budget-friendly ideas. If you are creatively challenged, BuzzFeed offers a comprehensive list of ideas you can pull off without exerting much effort, time or money.

Also, check out our post, “12 Cheap and Easy Halloween Costumes You Can DIY” for more ideas.

Remember to keep it cheap. Instead of spending top dollar to add the finishing touches to your costume, combine a few household items to achieve your desired look.

Items you may find useful for Halloween makeup include: food color, gelatin, Karo syrup and cornstarch.

2. Buy a Used Costume, or Swap with Friends

Prefer premade costumes? Try Freecycle.org, eBay, Craigslist or your local thrift store for low-cost or free options. I’ve done this in the past and saved much more than half of what I would’ve paid for a new costume.

Another idea is to organize a gathering with a group of your closest friends and family, and swap away. Just be sure to contribute a costume or two.

3. Buy Candy in Bulk, & Look for Coupons

Buying big bags at warehouse stores like Costco and Sam’s Club can be your best deal. But always compare the per-ounce price before you buy. The smaller bag may be a better deal. You will not know until you check.

Also, take advantage of promotional offers. Coupons such as $5 off a purchase of $30 or more really come in handy. You probably won’t spend this much on candy alone, but spending more than that is easy to do when you are buying groceries. Check the candy prices at the grocery store.

4. Avoid Buying Chocolate

Chocolate is more expensive than sugar-based candy. Another option: Buy a limited amount of the good stuff and save it for those special kids, such as your neighbors or those with the best costumes.

5. Use Your Imagination — Not Your Wallet – When Decorating

Already have art supplies lying around the house? Put them to good use. Cardboard boxes spray-painted gray or black make great gravestone markers. And hollowed-out pumpkins are the perfect votive candle holders.

Check out this list from Halloween Tips for more creative ideas.

6. Cut Costs on Store Decor & Supplies

If you decide to purchase your decorations or other Halloween supplies, look for ways to cut the cost.

Start by asking around. The neighbors may be willing to lend you a few decorations they don’t plan to use this coming Halloween.

Also, try the local discount store. Have you checked the dollar store? You might be surprised at the bargains offered on Halloween decor.

Finally, do not forget to look for coupons. Look for the 40% off  coupons in the Sunday circulars for arts and crafts stores, such as Michaels and Jo-Ann Fabrics.

7. Start Planning for Next Year

Once the big day has passed, start preparing for next year by stocking up on any excess inventory left at stores. The initial sales start at 50% off, and the discounts get steeper over time as retailers become desperate to get rid of any remaining ghosts of Halloween inventory.

What tips have you used to celebrate Halloween on a budget? Let us know in the comments below.

This post originally appeared on Money Talks News.

More from Money Talks News:

Image: iStock

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Our Owners

Credit.com is owned by Progrexion Holdings Inc. which is the owner and administrator of a number of business related to credit and credit repair, including CreditRepair.com, and eFolks. In addition, Progrexion also provides services to Lexington Law Firm as a third party provider. Despite being owned by Progrexion, it is not the role of the Credit.com editorial team to advocate the use of the company’s other services. In articles, reporters may mention credit repair as an option, for example, but we’ll also be sure to note the various alternatives to that service. Furthermore, you may see ads for credit repair services on Credit.com, but the editorial team isn’t responsible for the creation or implementation of those ads, anymore than reporters for the New York Times or Washington Post are responsible for the ads on their sites.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team