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How to Host a Budget-Friendly Thanksgiving

November is a time to celebrate family, friends and the spirit of Thanksgiving. However, taking on the responsibility of hosting also means shopping, which can make it easy to lose track of how much you’re really spending on food, beverages and décor. Here are three simple ways to enjoy Thanksgiving while staying within your budget.

 

IHow to Host a Budget-Friendly Thanksgiving

1. Shop Smarter

Pre-cut, washed and prepared grocery items may save time, but they often cost more. Frozen fruits and vegetables are typically more budget-friendly and offer nearly the same nutritional value. They are great for large sides, such as corn, mashed potatoes and spinach, and they’re easy to prepare. If you don’t use them all, you can simply return them to the freezer; their long shelf life helps reduce waste. For those who prefer fresh produce, try buying in-season items from your local farmers’ market for better prices. Store-brand items, which often offer surprising quality and savings, are worth considering as well.

2. Host a Potluck

Instead of cooking a five-course meal and racking up the grocery bill on ingredients you’ll only use once, consider a potluck-style Thanksgiving. Focus on preparing the main entrée, the turkey, and let your guests bring the sides, desserts and festive cocktails. Your wallet will feel relieved, and so will you.

3. Reuse Décor

Décor can be a sneaky expense, especially during last-minute holiday shopping. While it’s not a crime to buy decorations, the cost can feel criminal. Candles, centerpieces, plates, tablecloths and other festive items often add up to more than you expect. Try shopping at a dollar store for low-cost, reusable décor that can be saved for next year’s Thanksgiving.

 

Thanksgiving is a special time to reflect on what we are grateful for, and it’s also a great opportunity to practice smarter saving. Explore more financial wellness tips in our Learning Center.

You should consider the investment objectives, risks, and charges and expenses of the investment funds and, if applicable, the variable annuity contract, carefully before investing. This and other information is contained in the funds' prospectuses and summary prospectuses and the contract prospectus or brochure, if applicable, which can be obtained by calling 800.468.3785 or visiting mutualofamerica.com. Read them carefully before investing.

Mutual of America's group and individual retirement products that are variable annuity contracts are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment options you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should consider a variable annuity contract's other features before making a decision.

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