Hosting Thanksgiving dinner? 9 smart ways to save money

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.

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

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. 

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. 

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. 

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

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. 

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

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

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. 

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.