7 Last-Minute Savings Tips for Prom

How to Save Money on Prom

How to Save Money on Prom

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. Prom costs an average of $1,139, with families in the northeastern U.S. planning to spend the most on the one-night event.

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. Consider these tips for keeping your budget grounded while helping your teen achieve his or her dream night.