Hosting Thanksgiving dinner? 9 smart ways to save money

The cost of a Thanksgiving meal is expected to be cheaper than last year, which can be a big relief for families.

Between preparing the house for guests, planning a menu and putting that menu together without overcooking your turkey or having clumpy gravy, a great deal of responsibility falls on the shoulders of the dinner host — not to mention the financial burden. 

But there are things you can do to cut down on the costs.

RETAILERS ANNOUNCE 'INFLATION-FREE' THANKSGIVING DINNER MEALS

Below are nine ways you can put money right back in your pocket (and possibly save for Christmas) when hosting Thanksgiving dinner this year.

Check out these tips.

1. Stick to what you know

2. Share the responsibility

3. Create the menu before you shop

4. Browse through your kitchen first

5. Limit last-minute purchases

BRINE YOUR THANKSGIVING TURKEY IN THIS FOR GOLDEN SKIN: 'DRIPPING WITH JUICE'

6. Look for coupons

7. Have leftover plans

8. Try BYOB

9. Use DIY decor

Experimenting with different recipes can be fun, yet Thanksgiving may not be the best time to try out the new dessert recipe you saw on TikTok. 

From a financial perspective, trying new recipes could result in a lot of wasted ingredients if what you try to create doesn't turn out the way you planned it. 

Stick to familiar recipes, which helps limit wasted ingredients.

Your home may be the setting of a beautiful Thanksgiving feast, but that doesn't mean you are solely responsible for it. 

Don't be afraid to ask your guests to bring a dish. Having others bring side dishes and desserts can be extremely helpful to you and will also save you money. 

Most of the time, loved ones will be very willing to help out and may even offer to do so. 

Just make sure you know who is bringing what ahead of time, so you don't end up with two pans of stuffing and no sweet potato casserole.

Once you know what everyone is bringing, it's time to figure out your menu and what you need to make. 

Shop with a list – or you'll end up buying more than you need. 

STATES WHERE THANKSGIVING TURKEYS COST THE MOST AND LEAST ARE REVEALED IN NEW STUDY

Create a clear menu of the dishes you want to have and then write down all the ingredients you'll need to create the dish. 

Before you shop at the store, shop in your own kitchen. You probably have a lot more ingredients than you realize. 

Buying duplicates of items, especially things like spices, can really add up. 

FOOD RECALLS AHEAD OF THANKSGIVING: 3 YOU MUST KNOW ABOUT

Be extra sure that you don't already have an ingredient before purchasing it.

The price of staple Thanksgiving items may go up and be in very limited quantities too close to the holiday. 

Try to get the bulk of your shopping done in advance to save yourself money and stress. Additionally, when it comes to buying a turkey, make sure that you are buying the proper amount for the number of guests that you have. 

While you want to have enough for everyone, you don't want to spend extra money on a turkey that is far too big for your guests. 

Don’t skip out on coupons. It may not seem like it, but using coupons can save you tons of cash. 

THANKSGIVING 'CHALLAH-DAY' STUFFING RECIPE A 'MEDLEY OF SWEET AND SAVORY FLAVORS'

Also, compare prices of products at different grocery stores to make sure that you are getting the best price possible.

Have plans for your leftover food so that it doesn't go to waste. 

CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER

Thanksgiving food is great to put together in a delicious turkey sandwich the following day. 

Take some leftovers for yourself and also have a plan for how to distribute them to your guests. To save money, ask your guests to bring their own Tupperware with them for any leftovers they'd like to take home. 

Buying alcohol for guests can quickly become an enormous expense. Buying less expensive drinks like soda and lemonade will help keep beverage costs low. 

If guests want to have alcoholic beverages, simply let them know that it will be a BYOB event. That way, those who want alcohol can bring whatever they prefer with them and anyone who doesn't want it will have other drink options. 

There's no need to dump loads of cash into decorating your house for the occasion, since there are many inexpensive ways to make your own decorations. 

For more Lifestyle articles, visit www.foxnews.com/lifestyle

Plus, putting them together yourself is more rewarding and can be a fun activity for you and your family members to do together. 

Cortney Moore contributed reporting.