It's Your Money

Nov 19, 2012 1:13 AM by Eric Ross

Thanksgiving meals: How much are you willing to spend?

COLORADO SPRINGS- Residents who are preparing to make their Thanksgiving dinner at home this year can expect to pay slightly higher prices at the grocery store.

Your dollar will not stretch as far as it has in previous years thanks to the ongoing drought.

"I'd say our Thanksgiving dinner for my family has gone up about $30 over the last 5 years," resident Nicole Colt said.

The steepest increase happened just after 2010 when a severe dry spell began plaguing the midwest.

While you may not see much of a price difference with turkeys, there's a noticeable increase in canned goods like corn and green beans.

However, most consumers say they aren't letting the higher costs damper their Thanksgiving plans.

"Prices have to go up," Molly Simmons said. "Everything can't cost a nickel. It doesn't bother me."

To save even more money, consumer reports indicate a large majority of families will skip out on eating out this holiday season and instead, spend more time with the family.

"This is a big holiday for people to buy, shop and cook at home," Kris Staaf with Safeway said. "We've had a steady stream of customers this weekend and expect this upcoming week to be very busy too."

Shoppers on average are expected to pay about $50 for their Thanksgiving dinner.

So how much more are you paying this year compared to last? Not much! The average family can expect to dish out an extra $1 to $3 per shopping trip.

Looking for relief at the checkout?

While canned vegetables may not be on sale, most supermarkets are running specials on turkeys and desserts.

Turkeys are being sold as low as $5.99.

You no longer have to wait until the day of Thanksgiving to grab a bargain. Most stores are running special promotions through Wednesday to clear out inventory and entice consumers to shop early.



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