According to the annual prom survey conducted by Visa, parents making less than $50,000 per year intend to spend nearly 10-percent more on prom than those in higher income brackets.
Though prom is an important milestone in your teen’s life, there’s no need to spend an exorbitant amount of money to make it memorable.
Instead, check out RenttheRunway.com where you can rent a luxury brand dress for the night starting at just $50.
Make sure your teen pays for some of the costs, especially “extras” that you didn’t budget for or don’t feel are priorities.
Skip the inflated prices and have your teen use his or her own car. Alternatively, fancy transportation can be part of your child’s budget.
Skip this unnecessary expense by taking your own photos before the dance or get the teens to share smartphone photos taken during the event and then print from home.
You may consider purchasing the lipstick for touch-ups later on, but don’t fall into the trap of buying everything since it can be really pricey.