Hi momi! kung sa pagiging practical I guess for me, I'll go for a Jollibee/mcdo party. since totoo naman hindi naman talaga mag eenjoy ang baby pa nyan, hindi pa maappreciate o maalala, yung parents lang ang magging masaya hehe 50k mo sa jollibee sobra sobra na. Id rather save it for future or buy stuffs that my baby will benefit or use. kesa ilaan sa one day celebration lahat.. hehe pero thats my thoughts lang naman. anywy, advance happy birthday to you baby!
since you have the capability, you can do it grand. but 1st birthday arent remembered yet by our babies. If I were you, you can celebrate in Jollibee then make the 7th birthday in grand celebration. talk to your partner. you can just spend the money to get an insurance for your baby because securing their future is more important than a grand celebration. just saying and no offense meant.