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Thanksgiving on a Budget


Be Thankful While Saving Money

Thanksgiving time in American is known as a special day to spend with friends and family around the dinner table (or tables), enjoying the best food and company of the year. The calorie count is high and expanding waistlines is the norm. Year after year, the price for food grows as well. The following are ways you can save on the thanksgiving budget while still enjoying the celebration.

Thanksgiving-prices

Thanksgiving Prices

Year after year prices go up on the traditional thanksgiving meal. The traditional thanksgiving meal consists of a turkey, gallon of milk, pumpkin pie mix, whipping cream, stuffing, green peas, rolls, sweet potatoes, fresh cranberries, pie shells, relish tray, fresh durian and miscellaneous ingredients. These easily add up to almost $50, and that’s if purchase some of these items on sale. However, by using these budget tips, this about can be reduced.

Thanksgiving-on-a-budget-tips

Thanksgiving Budget Tips

Thanksgiving is meant to be celebrated and enjoyed. A little planning ahead can greatly reduce the costs.

  • Tip 1: Plan ahead. If you plan to buy a frozen turkey (and have room in the freezer), buy it early before the Thanksgiving rush.
  • Tip 2: Cook classics. You may want to be adventurous, but if your grand plans don’t materialize, you’ll probably spend more on last minute shopping.
  • Tip 3: Use fewer ingredients. Some ingredients are only used once a year and are not necessary. Cook simple meals – the meals will taste great and you’ll save money.
  • Tip 4: Use Natural Décor. Have the children pick up nuts, branches and pine cones from outside for decoration, instead of buying something new every year.
  • Tip 5: Host a potluck. This way everyone can show-off their culinary skill while adding variety to the meal and saving you money, time and effort.
  • Tip 6: Host a Brunch. “It's not quite breakfast, it's not quite lunch, but it comes with a slice of cantaloupe at the end. You don't get completely what you would at breakfast, but you get a good meal. “ The Friday morning after Thanksgiving is a great time to use the leftovers, before they go to waste.

Thanksgiving-turkey-prices

Turkey Price’s Gobble Your Cash

Even when you plan ahead, you are still likely to spend 40% of your budget on the turkey. Turkey prices rose almost 7% last year, and are likely to rise again as more people consume them over the holidays. With over 91% of Americans eating turkey every year, this should not come as a surprise.

Thanksgiving-travel-tips

Thanksgiving Travel Tips

Thanksgiving is also the busiest travel day of the year. The following tips can help you save money and time. These tips can be summed-up as follows: Plan ahead and shop wisely.

There you have it. And the last tip for Thanksgiving on a Budget? As soon as the day is over, you can start planning for next year.

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Sources:
TipHero
WorldPoultry
InfoPlease
CNN Money
HowStuffWorks
ABC News
Skift