MENU
component-ddb-728x90-v1-01-desktop

Saving You Money: Best ways to save on Thanksgiving spending

Dinner table with roasted Thanksgiving turkey is ready to feast. (Thinkstock)

STATEWIDE (WGME) -- Thanksgiving is just a few days away and a new study says American will be paying up.

LendEDU polled 1,000 consumers asking what they expected to spend celebrating Thanksgiving this year.

It found the average person will spend $165.14 on the holiday in 2017.

Travel costs accounted for 41% of that amount, so the numbers break down to $67.59 on travel and $97.55 on other costs.

Jon Paradise with the Maine Credit Union League says Thanksgiving spending can easily add up, but it doesn't have to.

"Thanksgiving meal can be a cooperative effort and you know, get other people involved," Paradise says.

If you're hosting, get an accurate head count, have guests bring side dishes and stick to a budget.

"Buy in bulk when you can for bigger dishes," Paradise says, "Make sure you have it all planned out, stick to the plan, buy some things like decorations post Halloween, there are some great sales that really tie into that fall theme."

When it comes to Black Friday and Cyber Monday, Paradise says technology can be your friend.

"There are all kinds of apps out there that can really help people while you're in the store," Paradise says, "Technology is so smart because it can figure out what store you're in and even what you're looking for, what things you've searched for in the past."

According to CBS News, a National Retail Federation survey shows about 164 million people or 69% of Americans plan to shop or are considering shopping this weekend. Of those, 70% plan to shop on Black Friday and 48% plan to shop on Cyber Monday.

Trending