N.L.
S.:
The cheapest party is a Chuch E. Cheese party you plan yourself. I have spent $50-$75 for each CEC party I planned myself. If you join the CEC club, on their website, they will send you coupons for pizza and token specials. I went to the $1 store and bought $15 worth of goodie bag items, spent about $45 on pizza and tokens, and made extra copies of the token coupon for parents who wanted to supply their kids with more tokens than I passed out (10 each). It turns out really nice and CEC will allow you to bring in your own cake. The only difference is that you don't get a reserved table. I typically get there early find a couple of tables and booths, decorate the main party table and leave room for presents at a booth nearby. The kids are all over the place, it's fun, parents can let their kiddos run wild and for the older kiddos, they love it too.
My daughter's 1st was a home with family and close friends and we didn't do anything over the top, but I did buy a small small cake for her to eat with her hands and make a good ol' mess. It was just as fun without spending alot of money. Games were the toys in daughter's room cuz kiddos attention span is quick. If you have a backyard, go by the dollar store and buy a couple of big balls and some outdoor toys that may be destroyed by the likes of 5 y.o. energy. Either way, have fun, enjoy the day, and appreciate the blessings.
Love and blessings,
N.