Saturday, November 19, 2011

About 44% of those hosting Thanksgiving this year are at least somewhat overwhelmed with the cost,


Hosting a Thanksgiving meal is an honor and a joy for many, but sometimes the price tag that goes along with it can be daunting. A new CouponCabin.com survey reveals that 44 percent of those hosting Thanksgiving this year are at least somewhat overwhelmed with the cost. More women said they feel overwhelmed by the cost than men, at 51 percent and 36 percent, respectively. This survey was conducted online nationwide by Harris Interactive on behalf of CouponCabin.com from October 24-26, 2011 among 2,132 adults aged 18 and older.

 Between a turkey, side dishes, beverages and dessert, a Thanksgiving host's grocery bill can cost a cornucopia of money. Nearly one-in-five (17 percent) Thanksgiving hosts said they plan to spend $250 or more on the meal this year, while half (52 percent) will spend between $100 and $249. Others are planning a more frugal Thanksgiving, as 31 percent said they will spend under $100.

"Don't let the burden of the cost of Thanksgiving fall squarely on your own shoulders," said Jackie Warrick, President and Chief Savings Officer at CouponCabin.com. "Since many people will be enjoying the meal with you, consider asking guests to chip in on the cost, or better yet, contribute with a dish of their own. Combine the sharing strategy with other money-saving tactics and you'll be well on your way to a less expensive Turkey Day."

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