• Choose the right party favor for your kid's party.Little girl as a party-animal image by Ivonne Wierink from Fotolia.com
  
  Party favors are small items that are given out during various celebrations. They help the participants remember the fun they had, and they also show the host's appreciation for his guests. When you are having a party for a kid, creative party favors can keep your costs low while still delighting your guests.
  
  

Masks

• Mask blanks are available at the craft store and they can be decorated with glue, rhinestones, paint and feathers. You may choose to decorate the masks for the children and hand them out at the door, or you can set up a table with masks and craft supplies so that they can decorate the masks themselves.
  
  

Pencil Toppers

• Pencil toppers are perfect for young students. They are inappropriate for very young children, but for older children, they can be used to enlarge on the party's theme. For instance, a ladybug pencil topper is perfect for a bug-themed party, while a boat or anchor pencil topper is ideal for a nautically themed party.
  
  

Glow in the Dark Stars

• Glow in the dark stars are small plastic stars that are stuck to the walls. When the light goes off, they produce a soft glow. Hand out packages of glow in the dark stars so that the children can create their own bedroom constellations or hand out one glow in the dark star to each child. Add a single glow in the dark star to a package of party goodies.
  
  

Modeling Clay

• Modeling clay allows kids to get creative and use their hands, and it can be used over and over again. Hand each kid a small amount of modeling clay in a plastic ziplock bag, and throw in a cookie cutter so that they can create fun shapes out of their modeling clay as well.
  
  

Coloring Book

• Find cheap coloring books that match your party's theme and hand out a small set of crayons for each child to keep with their coloring books. Have a coloring contest at the party or simply ask the children to color one picture that can be hung on the wall for the party's duration.