3 Tips to Prevent Excessive Prom Spending (reprinted)

June 7, 2016 at 3:55 pm Leave a comment

Reprinted 5/26/2016 from Moms Magazine ~~~ prom car

Eons ago, I attended prom. I actually had my dress made and it was a big deal to match the dress with my shoes. I wore a natural hair style, so I only needed a trip to the barbershop to have it properly shaped. I’m sure I wore some make-up and polished my nails, but the entire the whole preparation didn’t cost more than maybe $200.

Have you had to prepare your child for prom recently? I remember getting my own daughters ready for prom and it was certainly more elaborate than when I was in high school. I believe the cost of one of the prom dresses was three hundred dollars!

There was even a process for how your date asked you to prom. Apparently your favorite girl wouldn’t consider going to prom with you unless you had a creative way of asking her. prom2

Attended a prom party lately? My hubs and I attended a prom party and I was amazed and surprised at the elaborate things that took place. Her dress was flown out of New York and he had on the baddest pair of shoes I’ve ever seen even on a grown man; the fact that he was a high school kid made it unreal. I believe the shoes were blue suede. Between the videographer and the Rolls Royce limo, I imagine those parents easily spent $4,000.

Some parents feel if you have the money to spend why not spend it? My concern is that if you’re spending thousands of dollars for prom, what do you do when your daughter(s) or son(s) get married?

I believe we’re teaching our young people that they are entitled to this kind of excessive spending, when in actuality they aren’t. What have they done to deserve this excess?

Instead here are three things we can teach them to help them develop fiscal responsibility.
1. Let them know that they are responsible for some of their prom expenses. Set a dollar amount of what you will contribute.
2. Open a savings account when they are in grade school. Help them develop a habit of savings.
3. Teach them the value of being frugal. Show them how to get the best for their money. (Help them learn this early – during middle school would be good.)

Recently parents were telling me how concerned they were that their children particularly the teens acted so entitled. How can you not feel entitled if your parents will allow you to spend thousands of dollars on your dress or tux without establishing limits?

Interested in learning more about your how to communicate with your teen daughter? Pick up a copy of my book -Contact me – Ms. Parent Guru to receive information about my inspiring family coaching programs for Aging Parents, Mothers and Daughters or Mothers and Sons. Email me at: info@clynnwilliams.com

C. Lynn Williams, #MsParentguru
Author, Coach & Family Dynamics Specialist
http://www.clynnwilliams.com

Trying to Stay Sane While Raising Your Teen (St. Paul Press, 2010)
The Pampered Prince: Moms Create a GREAT Relationship with Your Son (St. Paul Press, 2012)
Raising Your Daughter Through the Joys, Tears & HORMONES! (220 Publishing, 2013)
Yours & Mine: The Winning Blended Family Formula (220 Publishing, 2015)

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Entry filed under: money management, Parenting. Tags: , , , , , , , , .

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