7 Ways to Save Money This Thanksgiving

Thanksgiving means giving thanks for all the good in our lives. It also means turkey, cranberry sauce, mashed potatoes, and pumpkin pie. The holiday’s a long-standing tradition of enjoying a delicious meal with people we love. But this tradition can also get pretty expensive. Fortunately for you, we have tips to help you save money this Thanksgiving.turkey - save money this thanksgiving

According to the American Farm Bureau Federation, the average host cooking a Thanksgiving dinner for 10 guests will spend approximately $50 on the dinner alone. Of course, if you’re expecting more than 10 guests (or you tend to overspend when hosting), your costs can easily top that amount. Between the turkey, ingredients for that luscious holiday meal, and décor to get everyone in the right mood, hosting a Thanksgiving dinner is not cheap.

Looking for ways to cut back without compromising on the quality and festivity of your meal? Look no further! You know at Marion Community Credit Union we love to help you keep money in your own pocket. That’s why we’ve compiled this list.

1) Verify your guests’ attendance

Before you start writing up a spectacular menu or a detailed shopping list, check to make sure you have an accurate head count of the guests and family members who will be joining you for Thanksgiving dinner. You don’t want to end up with a fridge full of leftovers. Verify that all the people you invited are actually planning on showing up. Then begin planning your menu.

2) Find out what your guests like

While you’re doing your inviting, ask for your guests’ individual tastes. You don’t want to forget that Great Aunt Martha is on a strict gluten-free food plan or that your cousin’s spouse is a vegetarian. Aside from specialized diets, ask about particular foods your guests like to eat and those they won’t touch. If something on your menu isn’t very popular with your guests, skip it – even if you think it’s an “obligatory” Thanksgiving food. This way, you won’t slave over a pumpkin soup that nobody will touch or end your holiday meal with trays full of leftovers and lots of hungry guests.

3) Make it a potluck

Slash your spending and your stress in one step by answering an enthusiastic “yes!” to every guest who asks if they can bring something. Don’t just say “anything’s fine,” though, or you might have seven desserts. Instead, create a Google Sheet with your planned menu and let your guests input what they’d like to contribute to the meal. This way, they’ll know exactly what you need, you’ll know what they’re bringing, and best of all, you won’t be doing all the cooking yourself.

4) Serve on smaller plates

Most people will load up their plates to capacity, regardless of the plate’s size. Curb the wasting at your table by using smaller dinnerware. Let your guests load up all the way without leaving half-full plates. They can always refill if they still want to eat more later.

5) DIY décor

You can set a beautiful holiday tablescape without blowing your budget; all it takes is a little imagination. Shop the local dollar store for discounted décor that still packs a punch, like colored vases, fake flower arrangements, and other centerpieces. Look for easy, inexpensive DIY ideas online. Finally, get creative by using things from around the house – or yard – as your décor. For instance, you can create a whimsical candleholder by affixing cinnamon sticks around a candle or design an autumn-themed centerpiece with leaves and pinecones from your own yard.

6) Shop the sales

Grocery stores and shopping centers tend to run specials on turkeys and other Thanksgiving staples starting as early as Halloween. Plan your menu several weeks in advance so you can take advantage of these sales. Keep it flexible until you see the circulars and then base your dishes on the ingredients and produce that’s cheapest. Also, be sure to shop around for your turkey! Supermarkets tend to have the best deals on the birds, with some even running free turkey deals when you spend a specific amount on other groceries.

7) Cook from scratch

Most everything is less expensive – and tastes better – when it’s homemade. Think gravy, mashed potatoes, stuffing and apple pie. Start your cooking well enough in advance so you don’t find yourself relying on too many convenience foods and paying the price both in cash and taste. Your wallet and your guests will thank you!

When you gather ’round the table with family and friends this Thanksgiving, you can be thankful for all the good in your life without feeling guilty over how much you spent on the meal. All it takes is a little planning!
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Our mission statement is only one sentence: "Marion Community Credit Union strives to strengthen the financial fitness of our members." No fluff, no extra. We're here to make things better for your individual situation. If you live or work in Marion or Morrow County (Ohio) and want a partner who looks out for your best interest when it comes to auto loans, checking accounts, and home loans, check us out at www.marioncu.com.