Do You Need A Vacation Loan? – Keep Costs Low

A family is shown being served their Thanksgiving dinner
Spending And Borrowing With Holiday Loans
Part 1 Do You Need A Vacation Loan? – Keep Costs Low
Part 2 Holiday Loans To Help With Shopping
Part 3 Online Shopping And Responsible Credit Card Spending
Part 4 Christmas Loans To Help You Celebrate

No matter how difficult it is to balance your budget on a daily basis, you will probably feel the need to spend a little more money when a special occasion comes along. Public holiday celebrations at Thanksgiving, Christmas and New Year are the times when you can spend some time with your family and as part of the festivities it is traditional to spend more money than usual. In this article we look at:

  • Spending on special occasions
  • The cost of Thanksgiving
  • Travels costs around the holidays
  • Some statistics about Thanksgiving

The Thanksgiving party and related costs

When celebrating Thanksgiving, putting on a large family meal with a huge turkey and all the trimmings is often expected and immediately afterwards comes Black Friday when all the retailers offer big discounts on almost everything. The pressure is on to start buying Christmas gifts and to get those all important discounts and sales offers.

The average shopper spends nearly $300 over the Thanksgiving weekend

When these special days arrive, if you have some savings put aside then this is not a problem, but for many people these are the times when using credit feels like it is a necessity. No one wants to feel left out so having access to some credit at these moments can feel essential. However, there are ways to mitigate the amount that you spend and still have a good time.

The harvest festival of Thanksgiving

The celebration of Thanksgiving started out as a kind of harvest festival and has been celebrated since 1789 when George Washington declared a public holiday for the last Thursday in November. Along with Christmas and New Year, Thanksgiving can be an expensive time especially if you have a large family coming for dinner. The price of turkey always goes up due to the huge demand and other staples like cranberry sauce and pumpkin pie are more expensive than normal.

A family is shown preparing to leave for a trip in their car

Drinking a toast with some fine wine or a whiskey also means spending more than normal and all of these costs soon add up. If you add in the cost of travel so that you can actually get to visit your family, the whole day can soon put pressure on anyone who is operating on a strict budget. In fact, anyone with limited funds can find that instead of being a wonderful day of celebration, Thanksgiving has turned into an ordeal that leaves you with an empty wallet and more importantly, debts that cannot be paid.

Cutting down on travel costs around Thanksgiving

There are some ways that you can reduce the costs of travel if you are planning to see your family at Thanksgiving. Many airlines will reduce the price of tickets on the actual day, making it cheaper than traveling a day or two before or after the event.

Some 46 million turkeys are eaten at Thanksgiving each year and the average cost of a Thanksgiving meal for ten people is around $50.

You can also look at cutting the travel costs by sharing a car hire with other members of the family or using twin hotel rooms instead of singles. Eating before you go to the airport is another good tip. Food at airports is notoriously expensive so eat first or take your own food. Likewise, if you are traveling by car, food at gas stations is always more expensive and usually not the best quality so take along a picnic for your trip. Using some of these tips you can reduce the cost of traveling and still enjoy the Thanksgiving party with your family.

Statistics about Thanksgiving

Some 46 million turkeys are eaten at Thanksgiving each year and the average cost of a Thanksgiving meal for ten people is around $50. This does not sound a lot but if you are on a low income or a restricted budget it can make a lot of difference to your spending for the rest of the month.

In 2015 it was revealed that the average shopper spends nearly $300 over Thanksgiving weekend. Of course, this includes spending on those all important Black Friday sales. Nevertheless, if you multiply the average by the whole of the population you can see that this important celebration is costing the nation a whole lot of extra cash. This is why many Americans choose to take out a payday loan around Thanksgiving.

Spending And Borrowing With Holiday Loans
Part 1 Do You Need A Vacation Loan? – Keep Costs Low
Part 2 Holiday Loans To Help With Shopping
Part 3 Online Shopping And Responsible Credit Card Spending
Part 4 Christmas Loans To Help You Celebrate

About the author

Mark Larsen

Mark Larsen has worked in the finance industry for over 20 years. Over the course of his career, Mark has amassed experience in personal finance and especially short-term lending. He shares his valuable insights on onlinecreditusa.com