Five ways you can plan for Owambe
We are getting ready for the holiday season. The party invitations are starting to come in, the decorations are out, and we all can’t wait to start opening presents.
This season, despite the excitement in the air, is a busy time for everyone, including businesses. If you’re planning your company’s end-of-the-year owambe this year, here are a few tips to help you get through it.
Owambe is a Yoruba word that colloquially means “It is there.” The Yorubas and Nigerians generally use it for parties and ceremonies, with the predominant characteristics being that there will be food and drinks for everyone. So when you hear the word Owambe, you know there’s an abundance of jollof rice and amala, loud music, Aso-Ebi, and numerous guests, both invited and uninvited.
Anyone who has hosted an Owambe knows preparation is key to its success. One of the most critical aspects of planning an Owambe for your company is creating a budget and sticking to it. Partygoers often appreciate a well-organised event; having a budget can help ensure everything runs smoothly. When planning an Owambe party with friends, it is essential to consider all potential costs, such as food, drinks, decorations, and entertainment. Once you have accounted for all the expenses, sticking to a budget and avoiding overspending will be easier.
Are you planning your company Owambe soon and don’t know where to start? Don’t worry; we’ve got you covered. We’ve put together five easy tips to help you budget for the party:
1, Set a budget beforehand and stick to it
If you’ve ever gone shopping, you probably know the feeling of wanting to buy everything. You probably also know that impulse buying can quickly lead to debt and spending regret. That’s why it is essential to set a budget limit before you start shopping and stick to it. Doing so will ensure that you only spend what you can afford and avoid putting yourself in financial difficulty.
2, Make a list of necessary items and prioritise them
When planning an Owambe, one important rule to remember is to know your priorities. Are you more concerned about the décor, the food, the drinks, or the entertainment? Once you’ve determined your order of importance, you can allocate your budget accordingly and avoid overspending on non-essentials. For example, if you’re more interested in the food than the décor, you might want to spend more on catering and less on party supplies. Or, if you’re more focused on entertainment, you might want to invest in fun party games or hire a DJ.
3, Plan ahead by looking for sales and deals:
Let’s face it; party planning can be stressful. There’s so much to do, and it can be hard to stay within your budget. But there are ways to cut costs without sacrificing fun. One way to save money is to plan and look for sales and deals. For example, many stores offer discounts on party rentals if you reserve them in advance. And if you’re planning to serve alcohol at your party, keep an eye out for specials at your local liquor store. You can stay on budget by taking advantage of sales and discounts and still throw a great party.
4, Say no to pressure
The party planning process can be daunting as there’s the guest list, the decor, the food, and the drinks. It’s enough to make your head spin. And then there’s the pressure to try and outdo everyone else. After all, no one wants to throw a lackluster party compared to their friend’s Owambe. However, **”The pressure is getting werserrr” is not enough reason to break the bank to go all out and impress everyone. Sometimes, the best parties are the simplest and most low-key. Keeping things casual can be more fun. So next time you feel the party planning pressures, take a deep breath and relax. A great party doesn’t have to be extravagant to be a success.
5, Set aside a small portion of your budget for unexpected expenses that may come up during party planning and execution
A few unexpected expenses always come up when planning a party. Whether it’s last-minute decorations or an extra case of beer, it’s crucial to have a little wiggle room in your budget. One way to do this is to set aside a small amount of money specifically for unexpected expenses. This way, you won’t have to scramble to find the extra cash when something comes up. And if everything goes smoothly and you don’t end up using the money, you can always use it to buy yourself a little something special after the party is over.
So now that you have all these tips, you can go ahead to plan your Owambe. Ensure you have a great time with it!
If you want to take control of your finances, Bujeti is the perfect solution. We offer expense management services to help you keep track of your spending and save money.
Our easy-to-use platform makes budgeting a breeze, and our team of experts is always on hand to answer any questions. So why wait? Sign up today and take control of your financial future!
