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GOBankingRates found in a recent survey that the biggest expense for both groomsmen and bridesmaids is the bachelor or bachelorette party. Groomsmen are especially big spenders, though. The average amount they reported spending on a bachelor party is $681.13; whereas, bridesmaids spend $437.31, on average. When planning a bachelor or bachelorette party, keep these costs in mind. And if you want to party in a big city, pick a destination that's fun -- but also affordable.
1 Limiting the number of appetizers and drink options at a cocktail party will typically save the host money. 2  Jack's Firehouse in Philadelphia offers limited budget cocktail parties with 4 appetizers, house beer and wine for $25 per person. 3  This is a $10 savings off the cost of the same party with 5 appetizers. The typical range is $4 - $22 per person for each hour of the event, with options ranging from beer or wine only to a full bar. 2  For a 2-hour party, Cork Catering in Illinois charges $7.50 per guest for beer or wine only and $14.50 per guest for a premium bar serving most types of mixed drinks.