New Visitors Privacy Policy Sponsorship Contact Us Media
Baby Boomers Family Green Home and Auto In Critical Condition Just Starting Out Lifestyle Money
- advertisement -
Bankrate.com
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Equity
Auto CDs &
Investments
Retirement Checking &
Savings
Credit
Cards
Debt
Management
College
Finance
Taxes Personal
Finance

 
Managing the high cost of high school
Page | 1 | 2 | 3 | 4 |

Boys, too, like to look good for prom, and tuxedos don't come cheap. Add the price of flowers, travel to and from the dance, and a dinner out and your teen has big bills. There are ways to cut corners and still make it special for the kids.

- advertisement -

The experts say
Plan several months in advance of a big event. If you know the kids will want a limo, encourage your teen to go to prom (or homecoming) with a large group and reserve the car early for the best deals. Their shared ride will be cheaper and they'll have more fun.

Dresses can jack up the cost of the big dance, but Ellie Kay, family financial expert and author of "The Debt Diet," says a smart parent can find deals on dressy duds on the sale racks right after Christmas. While some outfits will be in holiday colors, there's usually a good selection of gold and silver formals, too.

Another option -- turn to consignment shops where last season's prom dresses are real steals. Want something really fancy? Some consignment shops rent designer dresses for special evenings.

And don't forget that tux. One parent found a perfect fit for her son in a thrift shop for only $10, cummerbund and tie included, and vintage tuxes are particularly hot right now. For a more traditional look, check stores that rent or sell them way ahead of the dance. You could score an early bird rental deal.

You might not be able to cut the cost of tickets, dinner and flowers, but you can lessen the sting by setting money aside each week starting at the beginning of the school year. Put spare change in a jar and, before you know it, prom money is simply a matter of rolling quarters and cashing them in.

Music for your ears and wallet
If you have a musician in your family, then you're probably already singing the blues. Beverly Haskin of San Antonio saw both a son and daughter through high school orchestra.

 
 
Next: "Mine for gold in kids who are leaving orchestra."
Page | 1 | 2 | 3 | 4 |
 
 RESOURCES
Community college: a stepping stone
Work more, get less free money?
Accepted at several colleges: Now what?
 TOP EDUCATION FINANCING STORIES
Video: Tax breaks for students
Tax breaks for students
Combine 529 plan with other credits
 

College Financing
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
Stafford - in school 4.66%
PLUS loan 7.21%
Private loan 7.35%
- advertisement -
- advertisement -

About Bankrate | Privacy Policy/Your California Privacy Rights | Online Media Kit | Partnerships | Investor Relations | Press Room | Contact Us | Sitemap
NYSE: RATE | RSS Feeds |

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2014 Bankrate, Inc., All Rights Reserved, Terms of Use.