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How to Host Thanksgiving Dinner on a Budget


How to Save Money in Taxes this Holiday Season

November 12, 2023

Thanksgiving is a time for gratitude, togetherness, and of course, delicious food. But hosting a Thanksgiving dinner can be a pricey affair, leaving many of us wondering if it's possible to create a memorable feast without breaking the bank. With the rise of inflation, many of us have seen our weekly grocery bills double, which leaves us wondering what will the price of Thanksgiving cost us? The good news is that with some smart planning, a bit of creativity, and a pinch of resourcefulness, you can absolutely host a fantastic Thanksgiving dinner under $100.

1. Set a realistic budget

The first step to hosting a Thanksgiving dinner under $100 is to set a realistic budget. Determine how much you're willing to spend on the entire meal, including ingredients, decorations, and any additional items you may need. Once you've set your budget, stick to it! This will be your guiding principle as you plan and shop for your Thanksgiving feast.

2. Plan your menu

Creating a budget-friendly Thanksgiving dinner begins with a well-thought-out menu. While it's tempting to go all out with a variety of dishes, focus on the essentials to keep costs in check. Here's a simple, budget-friendly Thanksgiving menu to get you started:

Main Course: Roast Chicken

  • A whole chicken is more cost-effective than a turkey and can be just as delicious.
  • Look for sales and discounts on poultry to further reduce your expenses.

Side Dishes:

  • Mashed Potatoes
  • Stuffing
  • Green Beans
  • Cranberry Sauce
  • Gravy

Dessert: Pumpkin Pie

  • A classic Thanksgiving dessert that's easy on the wallet.
3. Shop smart

When shopping for Thanksgiving dinner keep these money saving tips in mind:

  • Buy generic or store brand products: Often, they're just as good as name brands but cost less.
  • Use coupons and cashback apps: Check for coupons and cashback deals on groceries.
  • Compare prices: Don't be afraid to compare prices at different stores or online to find the best deals.
  • Buy in bulk: Purchase items you frequently use in larger quantities to save in the long run.

4. Embrace Seasonal Produce

One of the best ways to save money on your Thanksgiving dinner is to use seasonal produce. Autumn offers a bounty of fresh, affordable ingredients like butternut squash, sweet potatoes, and Brussels sprouts. These can make for delicious, budget-friendly side dishes.

5. Get Creative with decorations

Decorations can add to the overall Thanksgiving ambiance, but they don't have to break the bank. Get creative and make your own decorations from inexpensive materials. Here are a few ideas:

  • Craft a centerpiece using fallen leaves, pinecones, and branches.
  • Make place cards or a tablecloth with brown craft paper and colorful markers.
  • Utilize candles and string lights for a warm and cozy atmosphere.

6. Share the workload

Don't hesitate to ask your guests to contribute. Thanksgiving is a holiday of sharing, after all. Encourage your friends and family to bring a dish or a bottle of wine to share, reducing the overall cost for you.

7. Use leftovers wisely

One of the great things about Thanksgiving is the leftovers. Be sure to use them wisely to stretch your budget even further. Create inventive dishes like turkey sandwiches, turkey pot pie, or a hearty soup with your leftover ingredients.

Hosting a Thanksgiving dinner under $100 is not only possible but also a rewarding experience. By setting a realistic budget, planning your menu, and shopping smart, you can create a memorable Thanksgiving feast without breaking the bank. With a bit of creativity and resourcefulness, you'll be well on your way to a Thanksgiving celebration that's delicious, fun, and budget-friendly. Remember, it's not about how much you spend but about the love and gratitude you share with your loved ones on this special day.

If you would like to receive more information on making smart money moves for your future, be sure to contact us today!


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About the author

Guest Author

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.

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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

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