Potential Magazine March 2015 | Page 30

SOME WILL SPEND MORE AND SOME LESS BUT HERE’S A BREAKDOWN OF AVERAGE COSTS: TICKETS 20100 /PERSON 75 $ DRESSES $ 100-$400 $ CORSAGES & BOUQUETS TIPS FOR SAVING ON PROM • Shop consignment stores or online for attire, or consider renting a dress from a site, like RentTheRunway.com. • Skip the makeup stylist and try Sephora’s Glitz and Glam Part Essentials Sampler (or find a friend with one). • Split the cost of a limo with friends • Hire a photographer and split the cost with friends or just enjoy the parent paparazzi. • Start early and be organized. Last minute expenses usually blow the budget. Use the “Plan’it Prom” App to countdown the days and keep track of your budget. 30 SHARING WITH FRIENDS HAIR $50 $ 60 NAILS 25+ $ PER COUPLE $35- LIMO $50 PER COUPLE 100 30+ $ TUX ACCESSORIES $ $ DINNER Prom costs dropped 14 percent in 2014, with the average family spending about $978 (on prom attire, limo rental, tickets, pictures, accessories, dinner, etc.) for their teen to go to the big dance. Families in the southeast will spend an average of $926 on prom related expenses. BOUTONNIERE $ $ 10- 20 BUYING VS. RENTING A TUX If your son is likely to attend several formal events into young adulthood, it’s worth a look at whether buying your son his own formal suit could be a smart move. Buying a Tux Pros: Long Term Value: Wear it twice—it’s paid for itself! Ready to Go: Save time spent reserving and picking up Made for You: Buying a tuxedo means you can have one tailored to fit your body. Cons: Expensive: Average cost to buy a tuxedo can be $500+, whereas renting is around $100. Doesn’t Match: If yours doesn’t match your date’s attire, you may still have to rent so that she won’t be disappointed. Growing Room: If your son is still growing, renting may be a safer option. www.potentialmagazine.com