by Jessika Hepburn of O Happy Day Handmade

Christmas is over and now it is time to gear up for our last party of 2010 & welcome in 2011! I have rounded up five super easy, low cost and crafty party ideas to help you create a glamorous NYE celebration without breaking the bank.

1. The ladies of Design*Sponge are living it up and toasting the new year with gold leaf embellished glasses. Click here for a step by step tutorial and get inspired by their classy party table with a rustic touch.

2. Visit The Sweetest Occasion and download this entire (editable!) Ring In The New Year party package designed by Tricia of {every}nothing wonderful for free!

3. The Hollywood Glam New Year’s Eve Printable Collection by Anders Ruff Custom Designs has literally everything you need to style your own jaw-droppingly fabulous party, for under $20! Even the incomparable Amy Atlas agrees, this is one sweet party. Visit the blog for tips on creating the table, menu, decorations and more.

4. What better theme for a NYE party then the witching hour itself? This midnight themed rooftop party from Pizzazzerie has all the elements of a night to remember-gold, glam and sparkles! Check out the post for a pile of ideas to craft your own glitzy party-and an excuse to pull out the glitter.

5. Martha Stewart and her team of talented designers have come up with some totally brilliant party ideas with tutorials: use all those cards & wrapping paper to make shimmery streamers, make your own party blowers with coordinating papers (so fun!),  give your guests some luck & prosperity for the new year, line trays with metallic paper for instant sparkle and craft some party hats for a totally handmade celebration.

What will you be doing this NYE?