Econotaining 

Verb: The act of entertaining in reduced financial circumstances.

I know last year we treated your friends at the restaurant for your birthday, but this year we'll have to split the bill and econotain.

Because we are econotaining, everyone will BYOB and play charades here at my house.

Our first date was econotaining: he took me biking. It was OK...

Econotaining by Twinzilla April 26, 2009