Consolidated Credit Offers 6 Tips to Cut Thanksgiving Costs and Stress

Consolidated Credit Offers 6 Tips to Cut Costs and Stress

Serving a 2011 Thanksgiving meal could cost you more than ever. The American Farm Bureau reported that the price of the average holiday meal was up 11 percent last year. Prices have continued to climb an average of 10.5 percent for many grocery staples, including potatoes, milk, flour, apples, and oil.

Nearly 25 percent of Thanksgiving food is wasted due to lack of planning. At Consolidated Credit, we speak with hundreds of Americans each New Year who realize that they didn’t plan well for the holidays and it leads to money problems and credit card debt. To help people get through the holidays this year, we have devised a list of tips for how to have the best Thanksgiving within budget.

Consolidated Credit offers a list of 6 costs cutting tips:

  1. Budget, plan, and stick to it! – Shopping last minute causes overspending and may create overwhelming anxiety. Rather than dealing with limited options and mobs of people at the grocery store two days before Thanksgiving, the experts at Consolidated Credit advise people to get all Thanksgiving food and supplies at least one week prior.
  2. Estimate realistic portion sizes – By picking reasonable plate sizes and cooking proportionate dishes, everyone will be able to eat their favorite foods without tipping the scale. Preparing less food will reduce waste and cut down the grocery bill!
  3. Shop sales – Don”t waste gas or time looking for small discounts. Sign-up for email alerts or newsletters from grocery stores or coupon sites to find discounts and sales for Thanksgiving expenses.
  4. Evite.com keeps family and friends in the know – To better maintain communication about holiday activities, especially with family members in other states, create an electronic invitation via Evite.com and send it to all members participating in Thanksgiving festivities. People can post their RSVP, recipes, food allergies, and fun ideas to make the holiday extra special. Evite.com is free and allows everyone to stay “in the know” about Thanksgiving plans.
  5. DIY – The latest trend taking over this holiday season is ”do it yourself” decorating. Instead of spending money on expensive retail decorations look in the back yard or visit a dollar or craft store and make Thanksgiving inspired decorations.
  6. Have a Potluck – Spread out the cooking and expenses by having each guest make one dish. This will allow everyone to share costs and eliminates one person from overspending and shouldering all of the work.

For more holiday season tips, visit Consolidated Credit’s personal finance blog www.missmoneybee.com.

 

Press Inquiries

April Lewis-Parks
Director of Education and Public Relations

AParks@consolidatedcredit.org
1-800-728-3632 x 9344