We were hoping to get lucky for last week's Finance Fridays when we were looking at the revival of Premium Bonds. With Christmas Day just over a week away this week we are looking at how much it is going to cost to have that special meal.
With rising inflation this year, the pound dropping against other currencies and the uncertainty over Brexit it seems that cost of the average Christmas dinner is going to cost around 14% more this year compared to 2015. The most popular meal choice for Christmas Day is still turkey with around 76% of households opting for the big bird. Over the years the cost of turkey has gone up and now the price varies so much depending on the type of turkey you buy. Do you go all out for a rare breed, free range, organic variety or something more basic? Here's a few tips to making it cheaper:
Buy frozen – There can be several pounds difference per kilogram between a fresh turkey and a frozen turkey. Just make sure you take it out of the freezer in plenty of time for it to defrost properly. A frozen turkey will need about 10 hours for each 1kg it weighs so for a big turkey you will need to start defrosting it on the 23rd December.
Turkey breast joint – I've seen these for around £4-5 and they say they feed 3-4 people. No bones and minimal mess as they cook in the foil tray they are sold in.
Opt for a different meat – If there are no more than 6 people to feed then you could have a chicken instead. A smaller bird will also take a shorter time to cook which will save on energy costs as well.
Getting fishy – In Eastern European countries it is usually more traditional to have fish as the main Christmas meal. Look out for deals on whole salmon at this time of year from the fish counter.
Veg out – Every vegetarian or vegan has their own recipe for a nut roast but if you don't want to make one some of the supermarkets have them starting from £3.50.
Ready cooked slices – Probably the cheapest way to have cooked turkey this Christmas. At about £1.50 for 6 pre-packed slices you can reheat these slices and have hot cooked turkey in minutes.
I've also seen that the price of Brussels sprouts has gone up as well this year. Happily for us ours will be coming straight from our allotment!
Have you noticed a rise in food prices this year? Will you be changing what you are having for Christmas dinner this year?
We were joined last week by Rosie owner of Eco-Gites of Lenault explaining the importance of booking direct with the owner and how much cheaper it could work out to be for the guests.
If you want to join in with this week's Finance Fridays then add your link to the linky below. Any post concerning financial matters is allowed. Full details here. It doesn't have to be published today as you have until 23.55 on Tuesday 20th December 2016 to join in.
If you use Twitter, Facebook, Instagram or Google+ please tag me and I will retweet, Like, Share or +1 as appropriate. You can find me here:
Twitter: @jibberjabberuk - please use the hashtag #FinanceFridays
Google+: Jibber JabberUK