HI, S., I had to do an inexpensive birthday party for my little girl this year too, she turned 4. We had it last weekend at the park behind Harvest Church on Denton hwy 377. It was soooo great! No one was using the pavillion so we did the party in there. I did call the city the day before to make sure it wasn't reserved, bc it does cost to rent it. but I got out of that! hah Anyway, I set up a bubbles station, a sidewalke chalk station (which we washed off with water when we left), we flyed kites, and I brought bread for everyone to feed the ducks. We went to Little Ceasars and bought $5 pizzas for everyone and did cake. Oh yeah, we did a pinata too! We had 45 people there, and everyone had a blast! After the party was over I handed out party favors, then everyone went and played at the park. It was sooo great! And the pics turned out great too bc the pond was in the background!
As far as the gifts part, I know for me that would be weird to not get a child a gift and give money for their college fund. The big part of a party is opening gifts and getting new toys! Is there anyway you can go through her toys and get rid of what she doesn't play with? Does this when she is not around, its much easier! With her turning 3, she is not going to understand getting money from people for a college fund. This is just my opinion. My little girl has alot of toys too, so I downsized and got rid of some of her old ones to make room for the new ones. She's in heaven with all her new toys and doens't have anything to do with the old.