The Oscars are almost here, and there will definitely be a lot of drama and excitement that you won’t want to miss. There’s no better way to watch the Oscars than with a group of close friends, so start sending out those party invitations! We’ve put together everything you’ll need to host an unforgettable Oscars party – all on a budget of course!

Suit Up!

Apart from New Year’s Eve and weddings, there aren’t many opportunities to dress up during the year. Make your party’s dress code black tie, and give that pricey bridesmaid dress a second use. If dressing up is not your style, you can dress down and make it a pajama party. Or, dress down but add some bling with costume jewellery to match your PJ’s! PJ’s and Pearls anyone? (This is a nighttime gathering, after all.) Whatever dress code you decide, try to incorporate something red, black or gold into your outfit. You can’t go too overboard with this – it’s the Oscars!

Decorate Your Home

There’s not much fun in dressing up if you’re not going to go all out. You can dress up your home to match your guests with just a few small touches. Do a quick search on Flipp and then stop by your local dollar or party store to grab some red-colored decorations on sale. You can also look for a gold foil curtain, a black tablecloth, balloons, or anything sparkly. Don’t forget to unroll the red carpet at the entrance of your home for your honored guests. A red tablecloth should do the trick.

Prep Party Munchies

The best way to host an on-budget party is to go with a potluck. Encourage your guests to contribute drinks or finger foods, while you prepare a couple of quick dishes to keep your company fed throughout the show. Remember to check Flipp for deals on all the ingredients and supplies you need. Choose foods that can be prepared in a big batch ahead of time, like a hearty beef stew, chili or a cheese fondue, and set it up buffet-style near your viewing area so you won’t miss any of the action while grabbing a bite.

Get Competitive

There’s nothing less thrilling than sitting through commercials. Take advantage of this time to play some Oscars-themed party games. One classic game you can play is to guess the winner of each award category. You can find a ballot of all the nominees online and have everyone fill out their predictions. At the end of the night, the person with the most correct answers wins a prize (or just bragging rights). You could also play some Oscars trivia with questions about past Oscar moments and winners. There are many question decks you can find online, or you can create your own.

If you’ve always wanted to experience the Oscars but haven’t yet received an invite (we can dream, right?), start your own awards show with your friends! Create fun categories like best dressed, loudest clapper, and most unique drink. Take this all the way with prizes for the winners and acceptance speeches. Be prepared for lots of laughs!

Now that the dress code, the decorations, the food, and the games are good to go, you’re set for an unforgettable Oscars party. And the best part? You don’t have to spend a lot of money! As long as you’re with a fun group of friends and use Flipp to find savings, a great night is guaranteed. All that’s left to do now is to sit back, relax, and enjoy the show.