Will This One Night Totally Bust Your Budget?
Countless Americans will go into the new year pledging to spend less money. But what many don't realize is they're basically throwing their hard-earned cash away to celebrate what's often hailed as the greatest -- and most inflated -- party night of the year: New Year's Eve.
If you're planning to spend a small fortune to ring in 2018, you may want to think twice before plunking down hundreds of dollars for a single night out on the town. Otherwise, you could end up starting the new year on financially shaky ground.
We all know that it's more expensive to go out than to stay home. But New Year's Eve takes that concept to an unhealthy extreme. In 2013, partygoers spent an average of $75 per ticket on New Year's Eve events -- events that didn't necessarily include food, which is its own separate expense. And speaking of food, in 2015, the average cost of a New Year's Eve dinner in New York City was estimated at $273. For San Francisco, it was $186.
Source: Fool.com
