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You are here: Home / frugal living / Thanksgiving Budget Busters to Avoid

Thanksgiving Budget Busters to Avoid

Tips like these helped us pay off $127K in debt. You can read our story in Slaying the Debt Dragon: How One Family Conquered Their Money Monster and Found an Inspired Happily Ever After.

November 16, 2013 By Cherie Lowe

Don't fall into these easy traps that will cause you to spend more money this Thanksgiving

Thanksgiving is such a heart warming time of the year. We gather with our friends and family and toast the many blessings we have been given. We reflect on all that has happened since the last holiday season and look forward to the joy of Christmas. It’s the exhale of the busy start to the school year and inhale before the busy weeks of December. Yet, this holiday can easily sink your budget if you are not careful. Here are a few tips to keep the thankfulness in your heart and your wallet the fourth Thursday in November.

Avoid Overspending on Paper Goods. On those cute little turkey napkins and plates and bowls and paper towels and table cloths and place cards. Honestly, I’m almost a little surprised there is turkey toilet paper, too. Perched on the end cap calling you with their seasonable adorability, this area of your holiday celebration can be a budget buster and money suck. If you just have to have something decorative, choose a cute napkin and plain plates (or go for a more formal holiday with all items reusable). As for place cards, napkin rings, and even place mats, crack out the construction paper and let the kids make the decorations (or even do it yourself, it might be fun!). Remember, any paper goods you purchase will head straight for the trash can and if you have leftovers, you really won’t be interested in turkeys and pumpkins come December 1st.

Avoid the Side Dish Trap. Sweet Potatoes, Mashed Potatoes, Noodles, Rolls, Green Bean Casserole, Stuffing, Fresh Cut Veggies and Dip, Glazed Carrots, Cranberry Sauce, Pumpkin Pie, Deviled Eggs, Broccoli Cheese Casserole, Corn, Jello Salad, and MORE. Determining a Thanksgiving Menu plan is so difficult because there is oh-so-much to choose from. Even when you do determine the dishes you’ll be having, hitting the grocery store is still difficult because you remember how many other things you wish you were fixing. Tough Love: You shouldn’t be eating or buying all of those foods. If you are dining with extended family, have everyone bring a side. If you are just feeding in on your immediately family, focus in on one side dish each family member loves. Don’t bite off more than you can chew financially or physically.

Avoid Running Out for “One Last Thing”. Thanksgiving is the perfect time of the year to ordain yourself a List Commander. If at all possible, purchase your goods DAYS before you plan on cooking. You’ll want to give items like your turkey plenty of time to dethaw. Plus, you do not want to be out in the hot mess that is last minute Thanksgiving shoppers. As the days draw nearer, the crowds grow thicker. Running out at the last minute will up your stress but more than likely cause more implies buys, too. Holiday items are marketed front and center to grab your attention and dollars from your bank account. You’ll also be more likely to visit a higher priced grocery or convenience store and end up paying more and buying more, too.

Avoid Buying a Card Table. Today is the perfect day to begin shaking down your social media network channels for friends and family members who own a card table and extra chairs that they will not be using this Thanksgiving. You have a few lead days to ask around before hitting the stores. If you wait until the last minute, others will have likely made travel plans and be gone or might have loaned their items to someone else. Ask around so you don’t have to overpay on Wednesday evening.

Avoid Dining Out or Pizza Delivery on Wednesday Night. I once read that Pizza Deliveries are the highest on the night before Thanksgiving. Build Wednesday evening’s meal plan into your Thanksgiving Meal plan. Buy a deli pizza from the grocery store and throw it in the oven while you chop foods. Or make sandwiches with chips. Keep it simple and if at all possible light. Just don’t let that Wednesday evening meal sneak up on you as you prepare for the big day!

As you should every week, shopping with cash guarantees you’ll come in on budget. Being intentional about staying focused while in the grocery store is essential, too. If you go because you’re in the “holiday spirit,” you’re certain to overspend. This time of the year, shopping is a sport not a hobby if you want to stay on track financially. Have a great week of preparing for Thanksgiving!

Gain inspiration to pay off debt! Check out Inspiration to Pay Off Debt: 30 Days of Encouragement from the Queen of Free on Kindle!

This post contains an affiliate link. That means when you get a great deal or maybe even something for free, you also help our family pay off our mortgage early. And for that, we royally thank you!

Related posts:

Want to keep from overspending this turkey day? Check out this Thanksgiving Shopping Tips Video for easy ways to keep your wallet and your turkey stuffed!Thanksgiving Shopping Tips Video This recipe could save you hundreds of dollars! Plus read lots of great quick hacks to help keep your dishwasher running clean and efficiently.Saving Money on Dishwasher Detergent Make your own ice cream in a bag with this simple recipe!Video: Make Your Own Ice Cream in a Bag As the kids go back to the classroom, get back on track with these simple meal planning tips. Stay out of the drive thru and feed everyone an affordable and nutritious meal this school year.Back to School Meal Planning
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My book is now available: Slaying the Debt Dragon: How One Family Conquered Their Money Monster and Found an Inspired Happily Ever After. You can also check out The Debt Free Devotional: 30 Days of Encouragement From the Bible For Those Paying Off Debt on Kindle.

This post contains an affiliate link. That means when you get a great deal or maybe even something for free, you also help our family pay off our mortgage early. And for that, we royally thank you!
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Comments

  1. Ann-Marie Rohe says

    November 18, 2013 at 8:48 AM

    You are so right – pizza delivery the night before Thanksgiving! And lol on the card table, that would also make a great tip for pre-garage sale season – beg/borrow instead of buy!

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  • Margaret FeinbergMargaret FeinbergAuthor of Fight Back With Joy

    "Cherie Lowe is a gifted writer, researcher, and thinker who lives what she teaches. Her inspirational story reminds all of us that we don’t have to fall prey the debt dragon. Living debt free is possible if you follow Lowe’s sound and practical wisdom."

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    "When it comes to saving money and paying off debt, Cherie not only talks the talk, but truly walks the walk! Sharing easy-to-implement ideas along with a dose of tough love, Cherie leads with the perfect combination of empathy and authority. If you are struggling to pay off debt, you won't find a better cheerleader."

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