In a nationwide survey conducted by GraduationParty.com, $985 is the average amount spent on graduation parties. There are plenty of simple ways to slash that bill. Here are some ideas whether you are throwing together a celebration this year or thinking ahead a few years.Click to see full answer. Furthermore, how much food do you give at a graduation party?Do not plan to set all of this out at once. Prepare several trays of each item so that you can replenish the food as it is consumed and provide fresh appetizers at all times. If you are serving a full meal, plan to have about one and a half pounds of food per person.Also, are graduation parties worth it? Graduation parties, when weighing the pros and cons, just seem to not be worth it. If you want to have a graduation party, have one with your family and close personal friends. Celebrate with the people you’ll make sure to keep in touch with when school’s over. In this manner, how do I plan a cheap graduation party? 15 Ways to Throw a Graduation Party on a Budget (Rock Your Party on a Dime!) Set a budget. Consider co-hosting. Make it an intimate affair. Opt for a mid-day open house. Pick the right venue. Host the party at home. Send digital/DIY/discounted invitations. Skip the caterer. Serve a buffet lunch or appetizers only. What is the best time of day to have a graduation party?The most convenient time for most guests to attend is during the weekend between noon and 6 p.m., but be considerate: many of your friends will be planning their parties on these same days at the same time.