Time to Think About Saving for Thanksgiving!

While the Halloween decorations may still be up, it’s hard to believe that it is only three weeks until Thanksgiving! Time to shift gears from Halloween candy to Thanksgiving goodies!

The cost of a 2011 Thanksgiving dinner increased $5.73 from 2010, according to the American Farm Bureau Federation’s (AFBF) annual study. The AFBF has been conducting the informal price survey for 26 years, and estimates that it cost $49.20 for households to put a 2011 turkey dinner and all the fixings on the table for ten guests.

Sample 2011 prices for ten people around the Thanksgiving table:

  •     Turkey – $21.57 (16 pounds)
  •     Stuffing – $2.88
  •     Sweet potatoes – $3.26
  •     Pumpkin pie – $3.03

Due to widespread drought this past summer across the United States, experts estimate that turkey could increase 20-30 cents per pound this holiday season.

To help you stay within your budget, consider buying a frozen turkey on sale, well ahead of the holiday. (The USDA says frozen turkey can stay good for a year in your freezer.) Also, you might consider chicken or other inexpensive meats as an alternative to the traditional turkey.

“Thanksgiving can be stressful as well as a financial drain on the pocketbook,” said Dorothy Barrick, GreenPath manager and counselor.  “Reach out to your extended family for assistance.  Many people are happy when asked to share a dish to pass because they get a chance to show off one of their favorite recipes.”

For other money saving holiday tips, log on to GreenPath University at www.greenpath.org/university.

 

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