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31 ways to save money this Thanksgiving

Mediafeed logo Mediafeed 11/23/2021 Kylie Ora Lobell
Thanksgiving Dinner © DepositPhotos.com Thanksgiving Dinner

If you’ve ever hosted Thanksgiving dinner, you likely know how easy it is for costs to spiral. Between appetizers, drinks, the turkey, sides and pies, you can easily rack up (multiple!) large tabs at the grocery store. Even if you’re just traveling to have Thanksgiving with family or friends, you can end up putting a big dent in your spending account. Airlines and hotels often charge a premium during high-demand times like Thanksgiving weekend.

To avoid overspending just a few weeks before the gift-giving season, read on. We’ve got 31 ways to keep your Thanksgiving costs under control.

Related: Creating a one-year savings plan

Thanksgiving on a Budget: How to Save

Here are some simple strategies for doing Thanksgiving inexpensively this year. Bonus: They can also help you save time — and stress.

1. Stocking Up as Stuff Goes on Sale

Throughout November, stores typically have different Thanksgiving dinner items on sale. Grabbing nonperishables whenever you see them on discount can save a bundle, and also help spread out the cost of the meal.

2. Making It a Potluck

Whether you’re celebrating with family or friends, you can make Thanksgiving inexpensive by asking your guests to each contribute a dish. You can coordinate who is bringing what in advance to make sure there are no overlaps or gaps.

3. Checking Coupon Sites

Before heading out to the grocery store, you may want to check out coupon websites like Coupons.comLOZO and CouponMom to find deals on the items on your shopping list.

4. Going to Manufacturers’ Websites

A few major brands likely produce many of the items on your Thanksgiving shopping list. It can be worth checking websites like Butterball and General Mills for coupons and seasonal promos.

5. Getting Your Grocery Store’s App

Many supermarkets have apps that offer coupons and deals. Sometimes, you can get a reward just for signing up.

6. Hitting More Than One Store

Going to just one supermarket is obviously more convenient. But if you check the circulars, you may see different items on sale at different stores. Going to a few different grocery stores could lead to significant savings.

7. Buying a Store-Brand Frozen Turkey

Typically, a turkey makes up about 40% of the cost of the Thanksgiving meal. Opting for a store-brand frozen bird rather than a fresh one, can significantly lower your total outlay for the meal.

8. Splitting the Costs

You may want to consider teaming up with a sibling or other family member to co-host this year’s gathering. That way, you can spit all of the costs, rather than foot the entire bill.

9. Buying Basics in Bulk

Buying staples like flour, potatoes, eggs, cream, and butter from a warehouse store like Costco or Sam’s Club can help you spend a lot less on food, as long as you’re not buying more than you need or will use up after Thanksgiving. 

10. Going Generic

Many times, generic or store-brand products are just as good as the brand name version, and the only real difference is price.

11. Asking Guests to BYOB

Wine, beer and other alcohol can add up quickly. One easy way to save money is to ask each of your guests to bring their favorite beverage. That way, everyone will get to sip something they love, and you won’t have to shell out all that extra money.

12. Sticking With Seasonal Produce 

Vegetables that are in season in November, such as sweet potatoes, squash, brussels sprouts and white potatoes, will typically cost a lot less than out-of-season picks, such as corn, asparagus and green beans.

13. Going With Frozen Veggies 

If you want to use veggies that aren’t in season, you may want to choose the frozen versions, which are generally much cheaper than fresh. 

14. Baking Your Own Bread

Baking bread can be fun and typically involves spending a lot less than buying rolls or loaves at a bakery. You can also make bread ahead of time and stick it in the freezer until the big day. 

15. Going Simple with Sides

It can be tempting to try a new gourmet recipe you saw online or in your favorite food magazine, but fancy recipes often require specialty ingredients — and can end up costing a lot to make.

16. Not Going Overboard

You may love the idea of giving your guests a cornucopia of options, especially when it comes to appetizers and sides. But making a lot of different dishes can lead to a much longer and costlier grocery bill. And much of that food may end up going to waste.

17. Getting a Bigger Turkey Than You Need

Yes, this sounds like a way to increase costs. Going with a larger bird, however, can pay off by giving you several additional meals, like turkey sandwiches and turkey pot pies, that you can make later without going back to the store or spending another dime.

18. Considering Pre-Made Dishes

Sometimes, store-made dishes and desserts can actually be cheaper than buying all of the ingredients and making these things yourself. It can be worth doing some quick math at the store. This move can also save you time and stress.

19. Shopping Your Pantry

You may already have quite a few shelf-stable items in your pantry (maybe even from last Thanksgiving) that you need this year. It can be well worth the time and effort to give your cabinets a once-over before you head to the market.

20. Watching a Movie at Home

Though many people have a tradition of going out to the movies on Thanksgiving, theater tickets and concessions can be pricey. Instead, you may want to consider renting a movie from a streaming service (or finding a free one) that everyone can watch together on Thanksgiving night.

21. Not Going to the Mall

The average American dropped about $312 going shopping over the Thanksgiving holiday weekend in 2020, according to the National Retail Federation. If you don’t want to be tempted by Black Friday bargains, your best bet may be to avoid stores and stay off-line.

22. Using Up Airline Points

If you need to travel by plane over Thanksgiving, you may want to consider using any points you’ve racked up with the airlines or on your credit card to score a free or discounted ticket. 

23. Going on a Staycation

While taking a vacation over the Thanksgiving holiday can be fun, it could add up to thousands of dollars between the flights, hotels, and rental car, depending on where you go. You may want to consider staying home and planning a series of local adventures instead. 

24. Staying in an Airbnb

If you normally stay in a hotel when you visit family or friends over Thanksgiving, you may be able to save by going with an Airbnb instead, especially if you can share it with other people who are coming in from out of town.

25. Checking Warehouse Clubs for Travel Deals

Before you book any Thanksgiving travel, you may want to check for deals offered by your local warehouse club. If you are a member, you may be able to access discounts on hotels, rental cars, vacation packages and more. 

26. Asking for Travel Discounts

Whether you’re renting a car or staying in a hotel over Thanksgiving, it can be a good idea to ask if you are eligible for any discounts when you book. You may be able to score a lower price if you’re a AAA member, a student, a resident of the state, a member of the military or over age 55.

27. Making a Budget

Whether you’re hosting or heading out of town, it can be a wise idea to come up with a total amount you can afford to spend on Thanksgiving. You can then make a list of expected expenses and determine how much you can realistically spend on each item.

28. Going DIY with Decor

fun way to save money on Thanksgiving is to recruit the kids in the family to create your decorations. They could collect and paint pine cones, create cut-out turkeys (using their hands to trace them), or make a craft paper tablecloth where everyone can write or draw what they are thankful for.

29. Handing the Reins to Someone Else

Hosting can be fun and rewarding, but if you need a reprieve from the work — and expense — you may want to see if someone else wants to step up this year. You can offer to bring your famous balsamic roasted brussels sprouts and garlic mashed potatoes to make the host’s job easier. 

30. Going Out to Eat

Local restaurants may be offering Thanksgiving specials to bring in customers. You could save big if you go out to eat (and split the tab) rather than host everyone at your home. 

31. Volunteering for the Holiday

Helping out at a local soup kitchen can be a great way to get into the holiday spirit and have a chance to focus on giving back, rather than spending.

The Takeaway

You can enjoy Thanksgiving (and the upcoming December holidays) without running up expensive credit card debt that you may struggle to pay back. One great way to keep your holiday costs under control is to set up a simple budget and then make sure you stick to it by keeping track of your expenses as you go.

Learn more:

This article originally appeared on SoFi.com and was syndicated by MediaFeed.org.

SoFi Money

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