- Cheap party favors fall into two categories: those you make yourself from scratch and those that require mass-produced items. Made-from-scratch items include cupcakes, cookies and homemade candy. You can purchase inexpensive items such as potpourri sachets and candles for party favors.
- Draw inspiration from popular party favors. For example, instead of passing out mass-produced lollipops, make your own and tie each one with a decorative ribbon. Burn CDs of popular music for each of your guests and play those songs at the party.
- Use items from around your house to make cheap party favors. Gourmet coffee, hot chocolate or tea mixes make quick and simple party favors, when poured into small glass jars. For a winter party, gather pinecones from your yard or a park. Paint the pinecones silver and tie ribbons around the tops.
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