“One of the great joys in life is spending time with family and friends, and that doesn’t have to cost much at all. Open your home, make a pot of spaghetti or ask everyone to bring a dish, and you’ve got a party,” said Teresa Mears, CEO of deals website Living on the Cheap.

Just remember to give everyone an assignment if you decide to go potluck style, recommended New York City-based writer James Dennin.

“I like to entertain a lot and used to feel very self-conscious about telling people to bring things,” Dennin said. “Now I’m ruthless. Everyone gets an assignment, usually booze since that costs the most, and everyone’s super finicky about what they like.”

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