Money Talks November 2022 | Miriam Bribiesca

Give Thanks, Eat Out & Save

Give Thanks, Eat Out & Save

It’s that time of the year when our pancitas and heart get full to the brim because of the Holiday season. Unfortunately, similar to the Whatsapp gossip channel, Inflation is not slowing down and has gone so far as to take out the chancleta and slap all of us where it hurts: our wallet. 

Unlike previous years where hosting Thanksgiving is usually the financially responsible option, this time, eating out might actually be a good idea! *gasps in Spanish* 

That’s right! Looks like this time your mamá was wrong… but don’t tell her that. 

According to a recent study done by Wells Fargo, the cost to dine out increased at a slower rate, up 5.79%, compared to the price of groceries, up 9.81%. That means all the ingredients needed to make those tamales, el turkey, champurrado, and even those delicious empanadas are going to be at an all-time high. 

Of course, when deciding on what to do this Holiday season, let’s consider the family size. If you are an outlier in the Latinosphere and have a small family, dining out is a good option considering how high the grocery receipt has been looking.

And if you needed another reason to skip the lavish Thanksgiving dinner for a restaurant meal, going out means you’ll be ditching the prep and cleaning up afterward. Hooray!! No more 6 AM cleaning sessions while blasting all of your parent’s oldies. 

But even if you’re on the opposite side of the spectrum and have a family of 12, saving should still be at the top of your list. Some way for everyone to win this holiday season is to make Thanksgiving into a potluck. This equals less stress and more food for everyone to enjoy.

And of course, saving a few bucks for this season means it’s time to consider alternatives to the usual Thanksgiving staples. For example, swapping out mashed potatoes with smashed yuca (let’s be honest, it’s a lot better!) or lechón instead of turkey. 

While eating out might be the way to go this year, this shouldn’t dim the true importance of the holiday season, which is all about spending quality time with those you love and giving thanks to the abundance in your life.

This week take it easy, keep it simple and hold on tight to your family and your wallet. 

Now, are you ready to discover new ways to make your dinero work harder for you this holiday season? How about investing? or simply learning how to manage your debt? All this + more is at your fingertips with the SUMA App. Download it now and let’s end the year with a bang!

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