Many people fondly remember their high school proms. But while proms make great memories, they also can break the bank. Prom can be an expensive rite of passage. A 2015 survey from Visa indicated the average American family planned to spend about $900 on the prom, with parents contributing as much as 75 percent of those costs. Similarly, Visa Canada’s survey showed households with teens were prepared to spend an average of $500 on prom
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Graduation and prom season can be an exciting time in a teenager’s life. This time in a young person’s life marks a rite of passage and a pivotal time bridging childhood and adulthood while giving students the opportunity to let loose and celebrate their academic successes. Prom also serves as a way to make memories with a group of friends who may go in different directions after graduation. Many students are eager to begin planning
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