Putting a Price on Tradition

When Anna Lo Monaco and her family moved from Belgium to the U.S. a few years ago, her kids wanted to celebrate Thanksgiving. She found inexpensive ways to do things, such as decorating the table with pumpkins.

Keeping costs down will be harder this year. The higher cost of gas, turkey feed and other things means the Thanksgiving meal will cost an average of 13 percent more, according to the American Farm Bureau Federation. That's the biggest gain in 20 years.

Bloomberg Rankings researched the cost of a Thanksgiving dinner for 12 in the Boston area, and asked celebrity chef Tom Colicchio, founder of Craft Restaurants, for tips to make your Thanksgiving a successful one.

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