Thanksgiving on a Budget: 7 Easy Ways to Save

From travel to turkey, Thanksgiving can put extra strain on your wallet if you’re not prepared. But with a few smart strategies, you can enjoy the season of gratitude without stressing about your finances. 

Here are our top Thanksgiving budgeting tips to help you save on your celebration. 

Start with a Thanksgiving Spending Plan 

Begin by listing all your expected expenses: groceries, travel, decorations and even small extras such as table settings or take-home containers. Assign a dollar amount to each category and keep track as you spend. Whether you use a spreadsheet, budgeting app, or pen and paper, having a plan will help you stay organized and avoid last-minute surprises. 

Plan a Seasonal Menu 

Food often takes the biggest bite out of your Thanksgiving budget. Before shopping, check what’s already in your pantry or freezer, and plan your menu around those ingredients. Build your meal around classic, affordable dishes, and watch for grocery store promotions or coupons on staples such as turkey, potatoes and canned goods. 

If you’re hosting, consider a potluck-style meal where each guest brings a side or dessert to keep costs down and make the meal more collaborative. 

Host Within Your Means 

Borrow extra chairs, dishes or serving platters instead of buying new ones. Simplify your menu to focus on crowd favorites rather than variety. A smaller guest list or a buffet-style meal can also help you save while keeping the atmosphere relaxed and enjoyable. 

Keep Decorations Simple and Seasonal

You don’t need to spend a lot to make your home feel festive. Use natural décor such as pinecones, acorns or colorful leaves for centerpieces. Reuse fall items from earlier in the season or shop thrift and dollar stores for affordable finds. Decorations that can transition into winter—such as candles, neutral table runners, or greenery—stretch your dollar even further. 

Save on Thanksgiving Travel 

Travel costs can add up quickly during the holidays. If you can’t stay home, here are a few ways to cut costs: 

• Book early: Airfare and train tickets can be cheaper several weeks in advance.  
• Stay flexible: Traveling a day or two before or after Thanksgiving could save you hundreds. 
  
• Drive smart: If you’re hitting the road, carpool with family or friends to split fuel costs, and use apps to find the cheapest gas along your route. 

Pay Yourself Back 

In addition to the cost of the holiday itself, Thanksgiving often marks the start of holiday shopping season. Before diving into Black Friday or Cyber Monday sales, make a list of what you truly need and stick to your budget. Compare prices online and read reviews to ensure you’re getting genuine deals. 

For added savings, use your Service Credit Union Visa Signature Everyday Elite Credit Card. You’ll earn points 1.5 points on every dollar you spend, including groceries, gas and travel expenses. Redeem those points for rewards that make future holidays even brighter. 

Plan Ahead for Next Thanksgiving 

Once the leftovers are gone, take a few minutes to review your spending. What went smoothly? Where could you trim costs next time? Keep those notes handy and consider setting aside a small amount each month for next year’s celebration. Shopping post-holiday sales for non-perishable goods or reusable décor can also give you a head start for the following year.

With a thoughtful budget, creative planning, and a rewards card that gives back, you can celebrate the season while keeping your finances on track.