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Party Planning does not have to be expensive but it does have to be organized. Part planning requires time, the more time you allow to plan the party, the better deals you can find. The fundamental rule of party planning is to organize the key elements immediately: theme, guest count, location. These three categories will make or break your budget. The sooner you decide upon the color and theme of the event, the number of guests and the location, the sooner you can establish a budget and begin working toward it.