I don't want to run dry midparty, but I also don't want my guests to mistake my home for a frat house. How much alcohol, and what kind, should I have on hand?

Rather than stocking a full bar for your next cocktail party, have a short list of red and white wines, sparkling water, and one specialty cocktail — preferably something simple, like margaritas or sangria, suggests Chef Rossi, owner of the Raging Skillet catering company, in New York City. Mix up a large batch of the house drink and keep it in a big container in the freezer, refilling serving pitchers as needed. Prop up a sign to let guests know what they're pouring, and plan on serving approximately three to four drinks per person for a two- to three-hour party. Stock some beer, too, if you'd like.

When serving wine with dinner, figure on two to three glasses per person, says Roberta Frechette, chef at the President's House at Wellesley College, in Wellesley, Massachusetts, where visiting dignitaries are entertained. One bottle holds at least four glasses; you'll need two to three bottles for every four people. Fine-tune the formula based on what you know about your guests.