Short answer
There is no set amount. Your engagement party should cost what you can comfortably spend. Keep it simple: a pub gathering, a garden barbecue or a home buffet all work well. Decide your guest list first, then plan the venue and food around it.
The cost of an engagement party depends entirely on your budget, your guest list and the style you choose. There is no rule that says you must spend a certain amount. Many couples host a relaxed get-together at home, in a local pub or in a hired community hall. Others prefer a picnic in a park or a barbecue in a garden. The key is to decide who you want to celebrate with, then choose a format that fits your finances.
Think about what matters most to you. If you love good food, spend more on catering and less on decorations. If you want photos, ask a friend to take them rather than booking a professional. You can ask guests to bring a dish, but make that clear on the invitation so no one is surprised. You do not need to provide a full sit-down meal; finger food, a cake and drinks are plenty.
Remember that an engagement party is a celebration, not a formal event. There are no legal requirements, so you can keep it as low-key as you like. If you are also planning a wedding, you might prefer to save your money for that. The most important thing is that everyone feels welcome and you enjoy the moment together.
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