A Torontoist Strategy For Celebrating New Year On A Budget

Posted on Wednesday 30 December 2015


A new year can be many things for different people. Many see it as a fresh start and a chance to take up new things that will improve their lives. In the spirit of the moment, it's often exciting to celebrate the new year in style. However, if you cannot afford to do much financially, then you might want to stick to a budget for your new year celebration.

Creating and sticking to a budget for your New Year’s celebration will give you the confidence to stick to it and keep the habit up all year. However, there’s no need to feel restricted as the year starts. Once you understand how to set realistic financial goals for the new year, you're good to go. You can even take loans to finance some of these new year goals. Interestingly, when you choose a great lender, you can even get bad credit loans in Toronto.

Nevertheless, for great ways to start the year, here are some interesting activities to perform in Toronto, that won’t break the bank or require you to get a loan.

Skate Into The New Year…

If you get down to the Harbourfront Lakeside Skate Rink, you can spend your evening gliding around on the ice and laughing with friends. By the way, it's totally free. Just bring your skates and they’ll have the music and lights to really get you in the festive spirit. Great for kids and families as well.

Or Run

Another way to start of the year might be to take a run, especially if you enjoy engaging in this activity. The annual marathon at the Liberty Village neighbourhood is one of the events you might want to consider. This marathon doesn't just afford you the opportunity to run, but also offers a networking space for you to meet different people. This is a very cost-effective option that won't have you spending over your budget.

Cruise On The Water

The Toronto skyline at night is a beautiful sight to start your year with. So what is the best way to enjoy it on New Year? From the water of course. The Gala Dinner Cruise on the Toronto Harbour is the perfect setting for dancing and a glass of champagne. It is actually one of the most popular ways to ring in the new year in Toronto. In fact, it has been for several years now. Don't forget your champagne eh?

Make A Dinner Reservation

When trying to stick to a budget, one of the first things we do is cut out expensive meals at restaurants. Nevertheless, you might still want something aesthetically pleasing to celebrate the new year.

Special occasions demand that you spend money and New Year is definitely one of them. After all, it's the perfect time to celebrate your achievements and make wishes for the year ahead.

Therefore, if you're looking to spend moderately and yet get your money's worth, you might consider making a dinner reservation. Many restaurants tend to offer new year prices, where meals are relatively affordable. This way, all you have to do is to choose a restaurant that offers the best deals. You'll even know the overall cost you'll incur beforehand.

Speaking of good places to eat on New Year, the Black and White Masquerade is one of the places to consider and is only $75 per person. Similarly, Swinging At Mill Street Beer Hall is a more casual choice with good beer and great food. So at the end of the day, it really depends on what you are looking for.

Do some research and check if your favourite spots are running new year celebration deals. Adequate planning for how to eat on New Year is an effective way to not go broke.

Who knows, you just might get lucky and get an incredible deal that falls within your budget. A little bit of planning, and some patience can lead to a great time in Toronto and save you money as a parent. Essentially, as you step into a new year, it will help to learn habits that can help you improve your financial portfolio.

You can count on that. If you're curious about more ways to understand your finances, learn more here.