Celebrating Thanksgiving Day on a Budget

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Springboard financial educators offer wallet-friendly recipes that can go a long way during the holidays.

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Springboard Nonprofit Consumer Credit Management

According to the National Resources Defense Council, Americans throw out 40 percent of the food we purchase.

As the nation’s economy slowly recovers, an annual holiday shopping survey shows holiday spending will increase 12 percent this year to an average $838. As consumers anticipate the holiday shopping season, Springboard Nonprofit Consumer Credit Management, Inc. ("Springboard") encourages shoppers to consider wallet-friendly recipes when entertaining family and friends. Avoiding overspending on fancy recipes and extra ingredients will help shoppers keep more money in their pocket this holiday season. Individuals and families who announce that they are trying to celebrate Thanksgiving Day on a budget will likely find their loved ones very receptive.

Springboard offers the following tips on how to make Thanksgiving 2012 more wallet-friendly:

  • Turkey: Comparison shop this year as it will save you a significant amount of money. You may buy your turkey at one store and purchase your other ingredients elsewhere.
  • Plan carefully: Eliminate duplicate items by assigning something specific to everyone you have invited to dinner. Every appetizer and side dish brought by a guest is one less you have to make (and pay for). Confirm with everyone what they’re bringing so you don’t end up with several different guests preparing the same Thanksgiving recipes.
  • Don’t throw out those leftovers: Even after all of the turkey is gone, the carcass of the bird can make a healthy amount of homemade stock that can be useful in soups and recipes. You can even freeze a few cups of turkey broth for later.

"According to the National Resources Defense Council, Americans throw out 40 percent of the food we purchase," said Sheri Stuart, education department manager for Springboard. "We need to develop better habits when it comes to preparing our meals and eliminating waste, and Thanksgiving dinner is a great opportunity to start."

  • Stick with the classics for your Thanksgiving recipes: Try saving money by avoiding getting too fancy. The classic Thanksgiving recipes are simple, and use basic ingredients that aren’t too expensive. "Thanksgiving isn’t about impressing each other with opulent meals and exotic ingredients," Stuart said. "It’s a time to be thankful for what we have, and to celebrate with our loved ones. No matter what’s on the table, the fact that we can come together is what’s important."

Springboard offers credit counseling services for anyone who might be struggling with debt or managing personal finances. Credit counseling is offered free of charge from certified counselors. For more holiday tips from Springboard, check out the article "Don’t Get Scammed this Holiday Season" and more at their website, Credit.org.

About Springboard Nonprofit Consumer Credit Management, Inc.
SPRINGBOARD® Nonprofit Consumer Credit Management, Inc. ("Springboard") is an IRS 501(c)(3) nonprofit personal financial education and counseling organization founded in 1974. Springboard is an approved housing counseling regional intermediary by the U.S. Dept. of Housing & Urban Development, and is accredited by the Council on Accreditation signifying the highest standards in the industry for agency governance, fiscal integrity, counselor certification and service delivery policies. In addition, Springboard is a member of both national industry associations; the National Foundation for Credit Counseling and the Association of Independent Credit Counseling Agencies. Springboard offers personal financial education and confidential counseling in foreclosure prevention, rent, reverse mortgage, pre-bankruptcy and debtor education, and debt and money management. Springboard provides telephone counseling services nationwide, and maintains offices in California, Arizona, Nevada, New Mexico, Texas, South Carolina and Massachusetts for in-person sessions. Not all types of counseling are available at all locations. For more information on Springboard, please visit their web site at http://www.springboard.org.

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