The simplest way to save on a Halloween costume this year

This year, Americans are estimated to spend more than a whopping $1B on Halloween.

Between candy, decorations and party goods, it's no wonder that families can end up spending hundreds of dollars all for one night of trick-or-treating.

SEE ALSO: Best-selling pet costumes of 2016

Among these costs is perhaps one of the biggest expenses of all -- Costumes.

Whether you have one kid, five or are simply buying a costume for yourself, it's no secret that the accessories, clothing items and other miscellaneous props involved in pulling together the perfect outfit or costume can break the bank before you know it.

Luckily, there are ways you and your family can rock the best Halloween costumes without worrying about draining your spending money.

The biggest tip? Start by looking online rather than in person -- And we don't mean shopping on the websites of popular costumes stores.

Easy accessories that make an instant Halloween costume:

Craigslist is always an option, as it's well known and is bound to have tons of listings around Halloween time.

A lesser known option is ThredUp.com, an online consignment shop that features a separate Halloween costume section.

If particular websites aren't turning up the results you want, social media is also a solid option.

Browse Facebook for local groups in your city or county that buy and sell used and new items -- Costumes are bound to be in the forefront during the month of October.

Of course, you can always check out local sales and thrift shops in person but your options might be much more limited.

Making costumes yourself from items you already have is also a great idea -- You'd be shocked at what you can pull together using an old T-shirt with a little felt and glue.

The bottom line for saving big on costumes this Halloween? Don't be afraid to get thrifty!

Odds are you'll probably only wear the costume once or twice in your life, which makes it a not-so-great investment if purchasing it will bend your budget.

But a cute costume that will still last you multiple uses for a much cheaper price? That's no trick -- that's quite the treat!

Why stop at your costume? Here's how to also save on Halloween candy:

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