Managing Your Money

Your money goes far on Thanksgiving

The American Farm Bureau Federation announced yesterday the results of their price survey of the cost of a traditional Thanksgiving dinner. This year the total came to $43.47, a $0.56 increase (1.3%) over last year but still less than the cost of the dinner in 2008.

The survey estimates the cost of a Thanksgiving dinner for 10 people and includes turkey, stuffing, sweet potatoes, rolls with butter, peas, cranberries, a relish tray of carrots and celery, pumpkin pie with whipped cream, and beverages of coffee and milk. The price of turkey per pound went down about 5% this year, while many of the other items increased.

At $4.35 per person that could make Thanksgiving the most inexpensive holiday we celebrate. Can you think of any other holiday that costs under $5 to celebrate? Certainly not Christmas or Valentine’s Day!

On a more serious note, if $5 can buy a full Thanksgiving dinner, think of the joy you can bring a family by donating $20, or an equivalent amount of food, to your local food pantry.

For more about the AFBF survey, click here.

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