Cost-cutting tips, especially useful if you're planning to hold the party at your house:

• Invite fewer guests.
• Make food from scratch.
• Create your own decorations.
• Use everyday dishes/silverware.
• Use plain paper plates/cups.
• Use game prizes or crafts as party favors.
• Use a computer to create prize certificates/invitations/thank-you notes/decorations.
• Hand make and deliver invitations/thank-yous.

Having a party in your house may be time-consuming, but once you see your little one having a blast, it'll be all worth it. Happy partying!