Celebrating a child’s birthday is a joyous occasion for family and friends. Parents strive to fulfill their children’s wishes on their special day, but often, those wishes come with a hefty price tag. Years ago, simple house parties with a cake and piñata were the norm. But today, many families take child parties to a whole new level, selecting elaborate venues and doling out expensive goodie bags. According to TodaysParent.com, hosting kids’ parties at a venue or with entertainers tends to cost a few hundred dollars minimum. In addition to this financial investment, parents should understand their responsibilities and liabilities when hosting a birthday party for their child.