Finger food functions are often preferred over other types of formal functions because they can accommodate a greater number of people in smaller venues, and are held for a shorter period of time, thus bringing the cost of venue hire down. Also, since food is consumed by hand, fewer utensils and cutlery are required – this further reduces costs, as well as time needed in setting up and clearing up.

For guests, finger food type functions allow for greater socialising (as guests are not seated and placed next to the same person). Finger foods are also often favoured for the diverse range of food items that are served - guests can pick and choose as they like.

On the other hand, finger food functions can often turn out to be more expensive. Because food that is served at these types of functions is more diverse in nature, ingredient costs are often higher and can take longer to prepare.