We are quickly approaching one of our favorite holidays of the year: Thanksgiving. It’s a season to give thanks and to enjoy quality time with loved ones. Also, it’s the time of year when we put on extra weight not just physically, but financially as well. Those hefty credit card bills that we open every January are usually the result of overspending on Christmas gifts, Black Friday sales, and good ‘ole Thanksgiving Day dinner. We all love a great Thanksgiving meal, but we don’t have to go broke trying to prepare for it. Apply these simple, yet effective, tips to guarantee a savings of 40 percent or more on this year’s dinner.
Begin shopping for Thanksgiving dinner now. Why wait until the stores have elevated their prices on all of the products that you need?
Nothing gobbles up your budget like the cost of a turkey. To avoid this, shop for grocery store promotions that entitle you to a free turkey. Chain stores will require you to spend a certain dollar amount to qualify for this free perk. Also, to boost your savings, apply coupons to most of the items that you purchase. Many manufacturers release “high value” coupons this time of year to attract more customers. These coupons can be found online, in newspaper inserts, or in-store.
When it comes to saving money on your side items, you have to get creative. Instead of shouldering the preparation on your own, make this year’s Thanksgiving dinner a “Bring Your Own Dish” tradition. In addition to saving money, you’ll also save yourself time in the kitchen cooking. That’s a plus for many of us!
You may also want to consider going vegetarian on your side dishes. The lack of meat in these dishes will surprisingly reduce your dinner cost.
And stay away from buying pre-made dishes at your local grocery store or restaurant. Buying your food this way, compared to preparing it yourself, will cost you ten times more.
We challenge you to see how much you can save by incorporating these steps into your holiday preparation this year. Are you up for the challenge? What do you have to lose? It won’t be money, that’s for sure!
Tai and Tarin Perry are financially savvy identical twin sisters, and investment bankers turned money saving experts at www.DoubleSavingDivas.
The Double Saving Divas will be writing a Madame Noire Business column twice per month. And this Wednesday, November 14, they’ll join us on our Facebook page at 3pm ET for a one-hour chat that goes into further detail about making your Thanksgiving meal on a budget. Have questions? Send them to us via Twitter or email us at email@example.com.