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Meanwhile, 20% expect to spend more than $300 on holiday gatherings.
The inflation of grocery prices means that hosting the holidays is more expensive than ever.
According to the Surety Bonds survey, fruitcake, eggnog and charcuterie trays are all on the chopping block.
Forty percent of respondents took these holiday staples off their grocery lists.
Meanwhile, 45% eliminated roast beef or prime rib as the main course.
Beef products have risen a whopping 43% since January 2021, she told GOBankingRates.
Many pork and chicken products are also more expensive this year than they were last year.
Despite this rise in prices, there are still delicious, affordable options for feeding a crowd.
Skorik recommended choosing boneless turkey breast or spiral-sliced ham, which are both on sale this week at Aldi.
Forego Appetizers for Filling Side Dishes
Offering an array of appetizers may impress your guests.
But it might also leave them too full to enjoy the main course.
Weisbrot suggested stacking coupons for added savings.
Look for opportunities to combine store coupons with manufacturer discounts and cash-back offers, he said.
you might even use apps to automate this process and find the best deals.
Keep an eye out for pre-holiday promotions for the biggest discounts on hosting essentials, Weisbrot said.
The Personal Digital Flyer [makes] it easy to browse deals and find the best savings.
Flyers can notify you when your favorite holiday ham or spiced eggnog is on sale.
By combining these strategies, savvy shoppers can significantly lower the cost of holiday hosting without compromising on quality.
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