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Thanksgiving Costs: 4 Ways To Save

The rising cost of turkey meat has families shelling out more to celebrate Thanksgiving this year. According to the American Farm Bureau Federation, the average holiday meal for 10 people is expected to total $49.20, up $5.73 from last year. The survey takes into account a 16-pound turkey, stuffing, sweet potatoes, pumpkin pie, and all the usual fixings fit for a family of 10.
The most expensive item will likely be the turkey, which saw the biggest percentage increase compared with other foods, the survey says. The AFBF says a 16-pound turkey averages $21.57 this year — an increase of about $3.91, or 25 cents per pound, from 2010. Biggest reasons for the increase: higher demand and a jump in fuel costs.
That’s still a pretty good value at $5 per person, I think. But many of us will likely spend far more to feed and entertain our big families this Turkey Day.
Click here for tips from CBSNews.com on how to keep costs down.