Bachelor parties are a time to celebrate the groom-to-be, but managing the expenses can be tricky. If you're a millennial or Gen Z man feeling the pressure to keep up with friends while staying within budget, you're not alone. Here’s how to navigate the costs and ensure everyone has a great time without breaking the bank.

The reality of bachelor party costs

Bachelor parties can get expensive quickly. Whether it’s a local night out or a destination weekend, costs can add up. According to a survey by Credit Karma, nearly half of millennials are willing to eat the cost of a bill to avoid awkward conversations about money. Managing expenses effectively is key to a stress-free celebration.

1. Discuss and agree on the budget

Kick things off by talking openly about how much everyone is willing to spend. Use surveys or group chats to gauge comfort levels and set a collective budget. This transparency from the start helps prevent any surprises later on.

2. Opt for cost-effective lodging

Choose wallet-friendly places to stay, like vacation rentals or Airbnbs, which can be more economical than hotels. Large rental homes can also offer shared spaces that are perfect for group bonding.

3. Blend expensive and affordable activities

Craft an itinerary that mixes pricier events with cheaper or free activities. If there's a desire for an upscale dinner, balance it with cost-free options like a hike or a game night. This way, everyone can join in without feeling financially strained.

4. Pool money in advance

Create a communal fund where each person contributes a set amount upfront. This pool can be used for shared costs such as meals, transportation, and entertainment, simplifying the payment process during the event.

5. Consider everyone’s financial limits

Keep in mind that not all attendees may have the same spending power. Plan activities that are inclusive and won’t make anyone feel uncomfortable about their budget.

6. Monitor spending as you go

Keep track of expenses as they happen to avoid any end-of-event confusion. Real-time logging ensures everyone is aware of their share and makes final settlements easy and transparent.

Alternative bachelor party ideas

If travel or high costs aren’t feasible, here are some budget-friendly alternatives that still guarantee a memorable celebration:

• Backyard BBQ: Host a backyard BBQ with games like cornhole and beer pong. It’s affordable and offers a relaxed atmosphere.

• Camping trip: Plan a camping trip to a nearby state park. Enjoy the outdoors with activities like hiking, fishing, and bonfires.

• Game night: Organize a game night with board games, card games, or video games. It’s a fun way to bond and can be done at someone’s home to save on venue costs.

• Brewery tour: Visit local breweries for a tour and tasting. Many breweries offer free or low-cost tours, and it’s a great way to support local businesses.

• Sports event: Attend a local sports event. Minor league games or college sports can be more affordable than professional games.

Who pays for what?

Traditionally, certain expenses are split among the group while others might be covered by individuals:

• Accommodation: Typically split among the group, covering the groom’s portion as a gesture.

• Travel: Each person usually pays for their own airfare or gas.

• Meals and drinks: Often, the group covers the groom’s meals and drinks. You can split his costs across the group or take turns paying for him.

• Activities and entertainment: These are often split, but it’s nice to treat the groom if possible.

• Party swag and decorations: These costs are usually shared among the group since everyone benefits from them.

Introducing Orbit

If you’re looking for a hassle-free way to manage and split bachelor party expenses, check out Orbit. Orbit is designed to take the anxiety out of group expenses by allowing you to connect with your group, set a split ratio, and pay with a single tap. Sign up for the Orbit waitlist and stay connected with us on social media for more tips and updates!