The price tag for prom can quickly get out of control. A beautiful dress that's too expensive, friends with extravagant plans, or a desire to compete for attention with the expected prom king and queen can turn planning for a prom into a nightmare.
The Visa survey found parents will cover 59 percent of prom costs, and suggests that teens might behave more responsibly about their prom budgets if they were expected to pay for more of the expense themselves. (Visa's free prom app can help with budgeting and tracking prom spending.)
While the cost of the ticket is often set in stone, everything else -– dress, hair, nails, transportation –- offers options for frugality that don't have to make the evening any less magical.
The people at Visa offered some helpful ideas on keeping your prom budget under control. But we came up with some additional tips to whittle down the costs, so both parents and prom-goers can enjoy the night without waking up the next day with a debt hangover.
Many companies offer prom promotions, which can lead to big savings without curtailing the memories of the evening. Olive Garden's Instagram challenge will award winners a $500 prepaid gift card to help offset prom costs. Some tuxedo shops are offering ways teens can earn free rentals by becoming prom reps and referring their fellow students as customers.
Some department store counters like Origins and Clinique will offer free prom makeovers (be prepared to buy a lipstick for the evening's event).
Do you have old florist vases lying around the house? Ask a local shop if they can be exchanged for a boutonniere or corsage.
How much are you spending on prom? What are your budget-savvy plans? Tell us below for the chance to be featured in an upcoming article.