Thanksgiving can get expensive. Especially if you’re the one hosting the dinner. The good news is that there are many things you can do to cut back, stay within your budget, and still have an amazing Thanksgiving dinner with friends and family. Below are the top 12 tips for making sure you don’t break the bank this holiday.
1. Set a budget and stick to it.
2. Keep a lookout for coupons.
3. Buy generic brands. Usually the taste is no different.
4. Don’t splurge on drinks. Alcohol and soft drinks can add up. Instead serve water, tea and coffee.
5. Use the good plates. Don’t buy the decorated paper plates.
6. Simplify recipes. If there’s an ingredient the recipe can do without, leave it out.
7. Stick with the basics. A big bowl of mashed potatoes can be much more cost effective and just as delicious as a fancy potato casserole with expensive ingredients.
8. Do “Bring a Dish.” If you’re hosting Thanksgiving, don’t let all the burden be on you. That can get extremely costly. Let everyone chip in and bring their favorite dish.
9. Cook realistically. It’s estimated that 25% of all food cooked on Thanksgiving goes uneaten. You know there’s always leftover food so remember to try to cook only what you need. If you decide to cook extra for leftovers, have a plan for what you’ll be using it to cook.
10. Eat leftovers. Save money and cook delicious meals from holiday leftovers. Check out these ideas.
11. DIY Decorations. You don’t have to go spend money to make your home festive for guests. There’s plenty of DIY crafts that can save you money. Check out this site for some ideas.
12. Turn down the AC and open the windows if weather allows. With the oven going and the gathering of people, you may not need it as warm as you think.
We hope you’re able to save some dough with these tips. We also hope everyone has a safe and happy Thanksgiving!
Martin Sher is CEO of AmSher Collection Agency and a recent past president of ACA International, the Association of Credit and Collection Professionals. Martin is the author of the 54 word Collector Pledge, committing credit and collection professionals around the world to the ethical and respectful treatment of all consumers. Martin’s personal mission is to get 5 million people out of debt-for good, and for FREE.