How to Host a Money Stress Free Thanksgiving

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Thanksgiving is the start of the holiday season. It’s the countdown to Christmas, the first real family gathering since Easter or Fourth of July. For some people, it’s the only time they see their families. For many of us, it’s a wonderful time to celebrate gratitude and to be surrounded by the people you love most.

For others, it’s a stressful, labor-intensive, marathon that only ends when your last uncle leaves. In many instances, the end of Thanksgiving is the best part.

That’s not the only problem. Hosting Thanksgiving is a huge financial endeavor. Feeding a dozen people (or more) can be a huge strain, especially on top of other holiday expenses.

But this year can be different. This year, you’ll be composed, organized and dare I say it, even frugal. This year you’ll actually be glad for Thanksgiving. Want to learn how? Read on.

Ask for More Help

It’s not uncommon if you’re hosting Thanksgiving to take on all the work yourself. Especially if you’re a young adult, hosting your first Thanksgiving is a sign that you’re a real grown-up.

Paying for a Thanksgiving meal for a dozen people can add up quickly and sometimes there’s no reason why you should take on the burden by yourself. Ask everyone who’s coming to bring a side dish while you take on the responsibility of cooking the turkey. If you delegate sides appropriately, you can end up with a meal that not only costs less but is less time-intensive.

If you feel odd about asking people to pitch in, don’t. Almost everyone is happy to help, especially if it means they get to decide how they want to make the stuffing.

Choose Chicken

Buying a turkey on Thanksgiving is a quintessential tradition, but it can also be a costly one. A whole turkey can cost $1.50 per pound compared to the average whole chicken which can be less than $1 per pound.

If your friends and family aren’t die-hard traditionalists, you can probably get away with serving the latter bird. If you really plan ahead you can find a chicken on sale so you spend even less.

If you still want to do a turkey, buy one pound of turkey per guest instead of 1.5-2 pounds. You don’t need to have a ton of turkey leftovers, especially since it’s so expensive.

Aim for Fewer Leftovers

Sometimes there’s nothing better than a meal of Thanksgiving leftovers the next day. I love to pick out my favorites and make a smorgasbord sandwich out of them. But if you’re not careful you might end up with too many leftovers that you can’t use up before they go bad. If this has always been the case, then aim to cut back and have as little remaining as possible. When you do have leftovers, freeze a few so they don’t go bad.

You can freeze anything from cranberry sauce to stuffing to turkey. Dairy items sometimes lose consistency in the freezing process, but it’s still worth trying. When you do freezer meals remember to label them and put them in the freezer right away you won’t forget.

Watch Where You Buy Groceries

It’s always important to comparison shop your groceries, but it’s never more important than on a big holiday. Every store will have its own specials and deals and you might be surprised where you find the best option. My husband and I have recently been shopping a lot at Aldi, a chain more popular in the south in the Midwest. It’s a grocery store without a lot of extra frills so you can find deals way better than any of the other national brands.

We’ve also discovered the secret of ethnic grocery stores where produce prices are often 50% of what I see in my neighborhood grocery store. Before buying your Thanksgiving fixings, check out those stores to see if what you need is cheaper. Remember no one cares if you’re buying generic marshmallows for your sweet potato casserole. They just care that you follow Grandma’s recipe.

If you find yourself spending more on groceries, you may want a credit card that helps you maximize your rewards. The Blue Cash Preferred® Card from American Express offers 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases.

Simplify your Meals

If you’re like me, you probably have a variety of picky eaters in your family. Some people are vegan, some are vegetarian and some are changing their diet every week.

That can make it tempting to make a few different kinds of the same meal to please everyone, but making green bean casserole for your Whole30 aunt and a version for everyone else just isn’t cost-efficient. Take everyone’s diet into account and find a version that will suit everyone instead of making slightly different ones. You don’t need to be like Monica from Friends making three different kinds of mashed potatoes so Ross, Phoebe, and Joey will all be happy.

Use Easy Decorations

Everyone wants the Martha Stewart-Thanksgiving centerpiece, but few of us are that crafty. Instead, use squash in a decorative bowl as your centerpiece. It’ll look more natural and minimalist. Plus you won’t have to throw away the decor when the meal’s over.

If you have little cousins you can also enlist them to make pretty decorations before the meal gets started. If you do decide to buy decorations, make sure you store them properly so they can be used next year too.

Skip the Fancy Dinnerware

I’m one of those millennials who skipped the traditional bridal registry in favor of a honeymoon fund so I never got a ceramic gravy boat or silver platter when I got married. That means that when I host people I put chips in a mixing bowl and leave the dip in the package it came in. So far I’ve found that none of my guests care how I’m serving the food as long as it’s good.

Your Thanksgiving family and friends won’t mind either. Don’t feel like you have to rush out to get serveware that matches. If you truly don’t have a large enough platter head to Goodwill or a thrift store where you can find all those items for just a few dollars.

The post How to Host a Money Stress Free Thanksgiving appeared first on MintLife Blog.

Source: mint.intuit.com

How to Budget Groceries: 11 Easy Tips

Have you ever sat down to go over your budget only to find out that you’ve outrageously overspent on food? Local, organic, artisan goods and trendy new restaurant outings with friends make it easy to do. With food being the second highest household expense behind mortgage or rent, our food choices have a huge impact on our budget. Using this monthly budget calculator can also help guide how to budget for food. 

You may be surprised to find out that the most nutrient-dense foods are often the most budget-friendly. It’s not only possible, but fun and easy to eat nourishing, delicious food while still sticking to your budget. Here are 11 ways to help you learn how to budget groceries.

1. Track Current Spending

Before you figure out what you should be spending on food, it’s important to figure out what you are spending on food. Keep grocery store receipts to get a realistic picture of your current spending habits. If you feel inclined, create a spreadsheet to break down your spending by category, including beverages, produce, etc. Once you’ve done this, you can get an idea of where to trim down spending.

2. Allocate a Percentage of Your Income

How much each household spends on food varies based on income level and how many people need to be fed. Consider using a grocery calculator if you’re not sure where to start. While people spent about 30 percent of their income on food in 1950, this percentage has dropped to 9–12 today. Consider allocating 10 percent of your income to food as a starting point, and increase from there if necessary.

3. Avoid Eating Out

This is the least fun tip, we promise. Eating out is a quick and easy way to ruin your food budget. If you’re actively dating or enjoy going out to eat with friends, be sure to factor restaurants into your food budget — and strictly adhere to your limit. Coffee drinkers, consider making your favorite concoctions at home.

4. Plan Your Meals

It’s much easier to stick to a budget when you have a plan. Plus, having a purpose for each grocery item you buy will ensure nothing goes to waste or just sits in your pantry unused. Don’t be afraid of simple salads or meatless Mondays. Not every meal has to be a gourmet, grandiose experience.

5. Keep a Fridge Grocery List

Keep a magnetized grocery list on your fridge so that you can replace items as needed. This ensures you’re buying food you know you’ll eat because you’re already used to buying it. Sticking to a list in the grocery store is an effective way to keep yourself accountable and not spend money on processed or pricey items — there’s no need to take a stroll down the candy aisle if it’s not on the list.

6. Eat Before You Go to the Store

If your mother gave you this advice growing up, she was onto something: according to a survey, shoppers spend an average of 64 percent more when hungry. Sticking to a budget is all about eliminating temptations, so plan to eat beforehand to eliminate tantalizing foods that will cause you to go over-budget.

7. Be Careful with Coupons

50 percent off ketchup is a great deal — unless you don’t need ketchup. Beware of coupons that claim you’ll “save” money. If the item isn’t on your list, you’re not saving at all, but rather spending on something you don’t truly need. This discretion is key to saving money at the grocery store.

8. Embrace the Bulk Section

Not only is the bulk section of your grocery store great for cheap, filling staples, but it’s also the perfect way to discover new foods and bring variety into your diet. Take the time to compare the price of buying pre-packaged goods versus bulk — it’s almost always cheaper to buy in bulk, plus eliminating unnecessary packaging is good for the planet.

Bonus: a diet rich in unprocessed, whole plant foods provides virtually every nutrient, ensuring optimal health and keeping you from spending an excess amount on healthcare costs.

9. Bring Lunch to Work

Picture this: you’re trying to stick to a strict food budget, and one day at work you realize it’s lunchtime and you’re hungry. But alas, you forgot to pack a lunch. All the meal planning and smart shopping in the world won’t solve the work-lunch-dilemma. Brown-bagging your lunch is key to ensuring your food budget is successful. Plus, it can be fun! Think mason jar salads and Thai curry bowls.

10. Love Your Leftovers

Would you ever consider throwing $640 cash into the trash? This is what the average American household does every year — only instead of cash, it’s $640 worth of food that’s wasted. With millions of undernourished people around the globe, throwing away food not only hurts our budget but is a waste of the world’s resources. Tossing food is no joke. Eat your leftovers.

11. Freeze Foods That Are Going Bad

To avoid wasting food, freeze things that look like they’re about to go bad. Fruit that’s past its prime can be frozen and used in smoothies. Make double batches of soups, sauces, and baked goods so you’ll always have an alternative to ordering takeout when you don’t feel like cooking.

Sticking to a food budget takes planning and discipline. While it may not seem fun at first, you’ll likely find that you enjoy cooking and trying a variety of new foods you wouldn’t have thought to use before. Being resourceful and cooking healthfully is a skill that will benefit your wallet and waistline for years to come.

 

Sources: Turbo | Fool | Forbes | Medical Daily | GO Banking Rates | Value Penguin

The post How to Budget Groceries: 11 Easy Tips appeared first on MintLife Blog.

Source: mint.intuit.com