The Update

7 Ways to Save on Thanksgiving Costs This Year

Thanksgiving means giving thanks for all the good in our lives. It also means stuffed turkey and gravy, cranberry sauce, pie and mashed potatoes. It’s a time-honored tradition of spending time enjoying a delectable holiday meal while in the company of those we love. It can also mean spending an awful lot of money.

According to the American Farm Bureau Federation, the average host cooking a Thanksgiving dinner for 10 guests will spend over $50 on the dinner alone. Of course, if you’re expecting more than 10 guests or you tend to overspend when hosting, your costs can easily top that amount.

Between the turkey, ingredients for that luscious holiday meal and décor to set the ambiance, hosting a Thanksgiving dinner is not cheap.

Looking for ways to cut back without compromising on the quality and festivity of your meal? Look no further! You know that here at Rio Grande Credit Union we love to keep your wallet plump. That’s why we’ve compiled a list of seven easy ways for you to save on your Thanksgiving costs this year.

1. Verify Your Guests' Attendance 

Before you start writing up a spectacular menu or a detailed shopping list, check to make sure you have an accurate head count of the guests who will be joining you for Thanksgiving dinner. You don’t want to end up with a fridge full of leftovers. Verify that all who are invited are indeed planning on showing, and only then begin planning your menu.

2. Find Out What Your Guests Like

While you’re doing your inviting, ask for your guests’ individual tastes. You don’t want to forget that Great Aunt Martha is on a strict gluten-free food plan or that your cousin’s spouse is a vegetarian. Aside from specialized diets, ask about particular foods your guests like to eat and those they won’t touch. If something on your menu isn’t very popular with your guests, skip it, even if you think it’s an “obligatory” Thanksgiving food. This way, you won’t slave over a pumpkin soup that nobody will touch or end your holiday meal with trays full of leftovers and lots of hungry guests.

3. Make it a Potluck

Slash your spending and your stress in one step by answering an enthusiastic “yes!” to every guest who asks if they can bring something. Don’t just say “anything’s fine,” though, or you might have seven desserts. Instead, create a Google Sheet with your planned menu and let your guests input what they’d like to contribute to the meal. This way, they’ll know exactly what you need, you’ll know what they’re bringing, and best of all, you won’t be doing all the cooking yourself.

4. Serve on Smaller Plates

Most people will load up their plates to capacity, regardless of the plate’s size. Curb the wasting at your table by using smaller dinnerware. Let your guests load up all the way without leaving half-full plates. They can always refill if they still want to eat more later.

5. DIY Décor

You can set a beautiful holiday tablescape without blowing your budget; all it takes is a little imagination. Shop the local dollar store for discounted décor that still packs a punch, like colored vases, artificial flower arrangements, and other centerpieces. Look for easy, inexpensive DIY ideas online. Finally, get creative by using things from around the house — or yard — as your décor. For instance, you can create a whimsical candleholder by affixing cinnamon sticks around a candle or design an autumn-themed centerpiece with leaves and pine cones from your own yard.

6. Shop the Sales

Grocery stores and shopping centers tend to run specials on turkeys and other Thanksgiving staples starting as early as Halloween. Plan your menu several weeks in advance so you can take advantage of these sales. Keep it flexible until you see the circulars and then base your dishes on the ingredients and produce that’s cheapest. Also, be sure to shop around for your turkey! Supermarkets tend to have the best deals on the birds, with some even running free turkey deals when you spend a specific amount on other groceries.

7. Cook from Scratch

Most everything is less expensive — and tastes better — when it’s homemade. Think gravy, mashed potatoes, stuffing and apple pie. Start your cooking well enough in advance so you don’t find yourself relying on too many convenience foods and paying the price both in cash and taste.

Your wallet and your guests will thank you! When you gather ’round the table with family and friends this Thanksgiving, you can be thankful for all the good in your life without feeling guilty over how much you spent on the meal. All it takes is a little planning!

4x Rewards at the Grocery Store

Don't forget to use your RGCU Debit Card when you go grocery shopping for Thanksgiving. You'll earn 4x Reward Points that can be redeemed for things like cash back, gift-cards, merchandise, travel and more!