Ready or not, inflation is coming to a Fourth of July party
near you! That's right, according to the American Farm Bureau Federation inflation
is causing the cost of July 4th backyard cookouts to increase by
almost 17% since last year. The largest pain point can be found on the grill in
the form of ground beef (up 11.8%), chicken wings (up 38%) and breasts (up
24%), and even hamburger and hotdog prices are up 10% year-over-year. If you
are planning to host a 4th of July bash this year, check out a list
of ways to do so on a budget:
1.
Plan a potluck- consider providing the main
course and asking your guests to bring one or two things such as sides,
desserts, and paper supplies
2.
Change what's on the grill- consider proteins
that have not increased as much like shrimp or pork. Perhaps a taco bar instead
of traditional hotdogs and hamburgers
3.
Large Batch Cocktails- instead of serving three
different beers, two different wines, four types of cocktails, a cider, seltzers,
and Zimas think about serving something you can make in bulk like a margarita,
sangria, or pina colada
4.
DIY Decorations- instead of spending money at a
big box store, test your artistic side with some red, white, and blue craft
supplies, and perhaps a Pinterest page for some inspiration
5.
Skip the fireworks- prices for these are- - well
- - popping. Instead of shooting off your own mortars and fountains, consider
some sparklers or a public display which could cost nothing
6.
Plan for next year- just like post-Christmas
sales, there are usually post-Independence Day sales. Look for deals on
decorations and other inventory that stores do not want to hold long
Whatever you end up doing to celebrate, set a budget and
plan. Your Fourth of July party does not have to break the bank. By following
these tips, your celebration will be fun and budget friendly. Hoping that you have
a safe, fun holiday weekend.
If you would like to receive more information on making smart money moves for your future, be sure to contact us today!
