Halloween costumes can cost a pretty penny, with the National Retail Federation noting that Americans “plan to spend $6.9 billion this year for Halloween.”
Yikes. When did Halloween get so expensive?
Costume prices aren’t what they used to be, that’s for sure, but how much is too much to spend on Halloween?
Do you set a budget when it comes to costumes, do you make your own, or is the sky the limit on Halloween price tags?
For our family, we set a limit and we also use some money saving tips to keep the costs low because in my opinion it’s just one day, so why break the bank on a costume?
I’m a huge fan of homemade costumes, however, craft and sewing skills are not part of my DNA, so that’s out as an option for us.
My favorite Halloween costume money saving tip? Buy a costume after Halloween for next Halloween.
Target, for example, marks their costumes down right after the holiday and further marks them down on remaining stock later in the week.
I have gotten costumes for 75% off!
Of course, that really relies heavily on the fact that your kids will want to wear the costume a year from now, but in most cases, the gamble has paid off for me.
I bought several costumes last year for this Halloween for the price of just one costume at regular price.
Since my daughter still likes to play dress up, it works out well – even if she had no interest in wearing the costume for Halloween this year, she has still put the costumes on from last year until now and gotten some use out of them.
I’ve also had some luck with the clearance areas of online costume retailers, so it’s always a good idea to check those sites out.
What’s your favorite Halloween costume money saver? Do you make your own? Do you set a price limit?