With the improvement of people’s living standards, people tend to have more disposable income to celebrate some happy events such as wedding day and birthday by holding parties. Celebration of parties can present sufficient benefits to individuals and society as a whole. Main purpose of inviting relatives and friends to a party is to share hosts’ joyful feeling and emotions. Nevertheless, others assume this phenomenon has nothing productive but a waste of money. Undoubtedly, to hold a party, especially celebrating an important event, costs hosts a huge amount of money on food, drinks and so on, which may impose financial burdens on them. Nonetheless, as far as I am concerned, it is necessary to celebrate happy events by holding parties but in reasonable budget according to their financial situation.