Congratulations, you are officially a renter of your very first run–down, bug–infested college house! Now invite your friends over and show them how classy you are by throwing a Street–sanctioned housewarming party.

Step one: Create a signature drink

Try mixing Franzia with some fruit and seltzer water for a cheap twist on a classic sangria, or take after the frat boys and concoct your own “jungle juice.” Buy some fancy plastic glasses and have them waiting for your friends when they arrive.

Step two: Appetizers Galore

The frozen section of Fresh Grocer is the perfect place to find cocktail weenies, mini egg rolls, crab cakes and other small delicacies to impress your friend with. If you’re feeling really ambitious, head down to Trader Joe’s and behold the appetizer heaven. Buy some cheese and crackers while you’re there, stick some toothpicks in everything and have delicious finger food for all.

Step three: Make it a potluck

Instead of trying to cook dinner and having a panic attack when you realize you actually can’t cook and might actually burn your new place to the ground, ask everyone to bring a small dish to the meal. Someone brings salad, someone brings chocolate cake and everyone keeps their sanity.

Step Four: Decorate, decorate, decorate

What’s a party without streamers, silly napkins and confetti? Pick a theme and throw a Hawaiian Luau or celebrate the beginning of September with all things pumpkin. Stop by one of the dollar stores on 40th and Market streets and buy small party accessories such to cover up those holes in your wall and chipping paint. Everything’s more festive with party hats—‘nuff said.