7. Be a host. Be the host with the most when you're the host with the least (cash, that is). This is an efficient gift because you can give it to all of the people on your list. Offer to host a monthly or quarterly party or game night at your place. Tell them you'll plan it, send the invites, etc. To make sure you're not spending money, require attendees to bring food and drink.
http://shine.yahoo.com/event/holidaymoments/10-things-party-guests-wont-tell-you-2423019/
10 things that can ruin a party10. If you can't afford a party, don't have one.
Chances are your guests will bring a hostess gift to your shindig?and you really shouldn't ask for anything beyond that. Luba from Atlanta hates when hosts ask her to bring specific items to their party or request donations to cover the party costs.