Thanksgiving Is Gobbling Up Budgets

By: James Flippin · November 09, 2022 · Reading Time: 3 minutes

“No Thanks”-Giving

For many Americans, Thanksgiving is coming at a difficult time. Higher-than-normal food prices at the store and nationwide job insecurity have lots of people reconsidering their Turkey Day plans.

In fact, 1 in 4 Americans surveyed by Ipsos say they plan to just skip Thanksgiving altogether in order to save money. For those that still plan on cooking, a whopping 88% say that they are cutting out at least one dish to make the evening more affordable.

While this year may be more challenging than most, try not to can your entire dinner just yet. First, put these money-saving tips to use.

Trimming the Fat

The theme for this year’s Thanksgiving is “trimming the fat.” In other words, cutting back on unnecessary expenses to make Thanksgiving dinner more affordable.

The easiest places to reduce spending are decorations, drinks, and food. Thanksgiving leftovers are practically a tradition for some, but you can be a lot more efficient with your spending simply by eliminating excess food and drinks – or, in the case of decor, window dressing.

Another easy way to save money is to make dinner a potluck by asking each invitee to bring a dish. Not only will this save you money, but it will make the whole afternoon less stressful for the host and cook(s).

Finally, be sure to take advantage of sales when you do your shopping. This year in particular, many companies are offering steeper discounts than normal.

Giving Thanks

Thanksgiving is a celebration of time spent with family and friends. In the wake of the pandemic, we know firsthand why we should never take this for granted.

Right now, times are tough for everyone and millions of families across the US are struggling financially. But difficult years like the one we’ve had make it even more important to enjoy the little things. You should always find time to give thanks, even if that means crowding around a table with your loved ones to share a pizza.

At the end of the day, Thanksgiving was never supposed to be about the feast. Instead, it’s about holding your family and friends close and telling them that you love them – which, luckily for all of us, is free to do.

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