The last time I dressed up for Halloween was four years ago in 2007. I spent $200 on a sweet Captain Jack Sparrow costume and had my girlfriend cover me in make-up so that I actually looked like Johnny Depp himself. Small children on the streets of NYC would actually shriek at their parents, “Mommy, it’s Captain Jack Sparrow!” Everyone at the Halloween party commented on how great my costume looked.

I never wore that costume again.

Spending money on a Halloween costume you wear once is a losing investment. It’s no different than spending $200 on an expensive dinner or a long night at the bar. At least if you spend $200 on a pair of designer jeans you can wear them more than once!

Lots of personal finance bloggers have written articles about how one can save money this Halloween. How about not buying a costume in the first place?

Personally, I’m a Halloween grinch. My favorite holidays are Thanksgiving and Christmas because you get to eat good food (not overdose on candy that will eventually lead to obesity for 1 out of 3 American children) AND the focus is on spending time with loved ones. High-quality food and quality time with friends and family yield much higher long-term investments.

Now I know many of you love Halloween and it’s worth it to you so spend money celebrating it, so I’ll throw out a few suggestions for ways to celebrate Halloween in a financially responsible manner.

  • Have an all-night scary movie marathon.
  • Spend the night in a cemetery.
  • Jump out of the bushes to scare small children.
  • Watch the Party Rock Anthem Halloween Light Show!

What do you think? Am I slandering your favorite holiday? Feel free to disagree with me, but make sure to do it in the comments!

  • Travelernp

    I actually LOVE Halloween. It is a time I can be someone other than myself. I have a few additional suggestions: 1) make a costume out of things that you have around the house, 2) rent, instead of buy, a costume (my last one cost me $45) or 3) use the costume at other themed parties or next Halloween. Would love to hear about some alternatives to the candy!!!

  • http://theartofmoney.net Morgan Polotan

    That’s a good point, maybe I’m being too much of a Halloween scrooge! There were some good costume ideas that I would have enjoyed wearing that were also pretty cheap, like dressing up as an Occupy Wall Streeter :)

    For alternatives to candy, how about paleo cookies?

 
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