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How to Save Money On Prom Expenses

by Advance Financial | March 15th, 2017

Prom

It’s prom season, and if you are a parent with a child who will be attending, you’re about to feel the financial sting that comes with this annual high school event. Between the outfits, tickets, and dinner, the cost for this one night can be significantly high. Frugality is the answer to making sure you don’t completely break the bank, and we have complied a list of the best ways to save money on expenses associated with prom night.

Dress2

It’s number one on this list because lets face it, it’s the most important. To make sure that she gets the perfect dress without paying a ton of money, there are a couple of things you can do. There are multiple second hand dress sites like thedresslist.com where you can get a dress for up to 70% off the original price and most of the time these dresses have only been worn once. Another route to go is renting a dress. Renttherunway.com is a great online site to rent multiple designer dresses cheap. They will actually send you two sizes to make sure the fit is perfect.

tux2

When it comes to a tuxedo, it’s really not necessary and can be a major waste of money to rent. Some tux places charge up to $250 just for one night. The simpler and cheaper option is to buy a suit. Companies like H&M, Target, and JcPenny offer affordable black suits as cheap as $100. And if he has to have a tux, there are also deals at Men’s Wearhouse where you can purchase a regular tux as low as $99.

accessories2

Thrift stores are where it’s at when it comes to jewelry. Not only will you be able to find some unique vintage pieces, but you will also pay a fraction of the cost that boutiques charge. Just like buying a used dress, you can also get used formal shoes online as well from sites like Tradsey.com.

flowers2

The average price paid for a corsage is $35-$40, with a boutonniere being $15-$20. Both are extremely overpriced and the cost of supplies to make your own is substantially lower. Not only can you save big time with a DIY corsage and boutonniere, but you can also make it custom and unique. There are multiple DIY articles out there to help with this project, but one of our favorites is from Seventeen Magazine’s online blog. Click here to find out how to make your own unique and affordable corsage or boutonniere.

Dinner2

Part of the prom tradition is the dinner before the dance. A good way to save money for the dinner is to call local restaurants and ask if they have any prom deals or specials. Just like Valentines Day, a lot of places will have dinner deals for those attending prom. Another affordable option is to cook the meal yourself for your kid. You can find a romantic destination, and set the mood with candles and rose peddles.

afterparty2

The after party fun is what most high school kids look forward to the most. A lot of times bowling, roller skating or going to a house party is on the list of activities. To keep your kids safe, while also cutting down on cost, try organizing a party or renting out a place and splitting the cost with other parents. If you get a good size group to pitch in, the cost could be as low as $20.

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