a bright light in the sky

Media / Blog

Don’t Let The 4th Of July Skewer Your Wallet

Prev

8 Ways to Manage Debt of Any Size

July 03, 2022

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.

Next

57% Of Adults Dread Budgeting. Here Are Four Easy Ways to Remove The Stress

About the author

a man wearing a suit and tie smiling at the camera

Eric Pucciarelli

Vice President, Private CFO®

Eric Pucciarelli, MBA, CRPC
Vice President, Private CFO™

Eric is a native of Atlanta, he graduated from Georgia Southern University with a bachelor's degree in Business Management and a Master's of Business Administration.

Eric's credentials include:

  • Series 7 (General Securities Representative);
  • Series 66 (Uniformed Combined State La;
  • Masters of Business Administration;
  • Chartered Retirement Planning Counselor;
  • Past board member of the Georgia Southern Alumni Association.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. Investor Disclosures: https://bit.ly/KF-Disclosures

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation.

Background and qualification information is available at FINRA's BrokerCheck website.

Sign Up

Sign up for our exclusive Sunday Paper with a weekly market commentary, insightful personal finance blogs, and life changing education guides.

Email sign up

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. https://Bit.ly/KF-Disclosures

This site is published for residents of the United States only. Registered Representatives of Kestra IS and Investment Advisor Representatives of Kestra AS may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact Kestra IS Compliance Department at 844-553-7872.

PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. Kestra IS and Kestra AS makes no representation as to the completeness or accuracy of information provided at these web sites. Nor is Kestra IS and Kestra AS liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, web sites, information and programs made available through this web site. When you access one of these web sites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.