Save Room for Good Food and Finances PREPARING DINNER IS A LOT LIKE FINANCIAL PLANNING
Are you hosting Thanksgiving dinner this year? From planning grocery lists, cooking meals, and decorating, you may find some parallels to financial planning along the way. Consider the following financial lessons you may encounter this year while cooking Thanksgiving dinner!
Similar to finance, developing a plan allows you to put aside the money you need for your event while saving enough money for other expenses.
Improvise when necessary. Life is unpredictable, and things don’t always go according to plan. But sometimes, you just have to wing it and make the most out of the
Create a budget. Thanksgiving dinner is one of the most expensive meals of the year, so most people need to budget for ingredients before going to the grocery store. It’s essential to determine the number of people attending your dinner to get a better sense of how much you’ll need to spend.
situation. Let’s say you forget an ingredient, but the stores are already closed. What should you do? You may consider using a different ingredient as a substitute or run next door to ask a neighbor if they have what you need.
Whatever the situation may be, learning to utilize your resources proves to be essential when things don’t always go your way. There are several valuable takeaways from this holiday season. Just like how the main course can change each year, your financial planning goals can always evolve, too!
This task alone is a prime example of building a financial budget — by determining how much you will need to spend ahead of time, you can give yourself more time to save.
Develop a plan. Like any other social gathering or event,
Thanksgiving dinner requires some planning. You will need to find the recipes ahead of time, check to see which ingredients you have or don’t have, and be sure to have enough space for all your guests.
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