The cost of a holiday meal of turkey, stuffing, potatoes, rolls, vegetables and pie for 10 people is about $50 this year, according to the American Farm Bureau Federation. That does not include the cost of alcohol or other beverages. For consumers hosting multiple holiday gatherings through New Year’s Day, costs can quickly add up.
“For some people, especially those worried about debt, December can be a hard month,” says Housser. “Fortunately, there is time to evaluate budgets, do some planning, and make sure that the costs of holiday meals and get-togethers do not create or add to debt.”
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