12/17/2012 01:12 pm ET Updated Dec 06, 2017

How To Throw A New Year's Eve Party Without Going Broke, From Colin Cowie (VIDEO)

When event and lifestyle expert Colin Cowie visited me on Mondays With Marlo, we discussed throwing a fantastic New Year's Eve party on a budget. Worried that the champagne will stop flowing mid-party? Choose two brands of champagne at different price points, and ask your guests to contribute. This way, you can concentrate on spending your resources on food and decorations.

For more ideas on celebrating the holidays in style, check out Colin's tips:

Holiday Entertaining By Colin Cowie

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