TAYLOR J KOVAR
CHIEF EXECUTIVE OFFICER
CERTIFIED FINANCIAL PLANNER™

 

–Hey Taylor – I’m starting to stress about Thanksgiving and need someone to talk me down. I host every year and don’t plan to change that—the problem is my husband got laid off three months ago and things are a little tight. How do I feed twelve people without going broke?? – Ilene

–Hey Ilene – So sorry to hear about your husband’s job. The holidays can really amplify our financial struggles, especially after a disruptor like a layoff. However, being able to focus on family, friends, and tradition can help set things right, so let’s talk about how to afford an awesome Thanksgiving dinner without panicking nonstop over the next month!

1. Get started now. One way to make your money go further is to shop in stages as you find things on sale. I can’t predict the future, but the big turkeys probably cost a little more in mid-November than they do right now. If you’re able to buy things on sale and put them in the freezer over the next few weeks, you’ll have everything you need when it’s time to start cooking and you won’t have gone to the store and spent $500 straight away. You can also let cheaper food dictate the menu you create, and that’ll be easier to do if you get a jump on the preparation.

2. Get festive and creative. Get festive and creative with what you have! While this Thanksgiving might look a bit different than usual, there are still so many meaningful ways to make the holiday special. Rather than focusing on what’s missing, try embracing the simple, heartfelt touches that bring warmth to the celebration. Maybe you can gather fallen leaves and branches to decorate, or create a beautiful centerpiece with pinecones and acorns from the yard. Handmade name cards can also add a personal touch to each place setting. Your guests will appreciate the effort, and these small, thoughtful touches will help everyone feel the holiday spirit.

3. Get some help. You may have high expectations for yourself, but remember, your friends and family are likely eager to lend a hand. While you’re focused on keeping everything running smoothly, they’d probably love to contribute! Maybe Aunt Shirley can bring her famous pie, and Uncle Bill could handle the mashed potatoes. It doesn’t have to be a full potluck, but inviting everyone to bring one dish could ease your load and save you some costs—without taking away from the spirit of hosting. Thanksgiving is all about community, gratitude, and sharing, so let your loved ones be a part of creating a memorable celebration together.

I’m sorry that you’re in a tough spot, Ilene. I think you can still pull off an exceptional Thanksgiving dinner without overspending, you just have to get a little creative. Let me know how it goes!