How do I save up for my prom?

Text transcript: Money smarts in a flash

The real cost of a grad ball

In June, thousands of students will graduate high school. It's an important step, because a high school diploma is the culmination of years of work. And your grad ball may be one of the only public events to mark the transition from adolescence to adulthood.

The cost of your ball
Your parents expect to pay 81% of the cost of your ball, compared with U.S. parents, who only plan to cover 56%, leaving their teens to pay for the rest.

You'll probably pay about $100

Parents of girls spend 53% more than parents of boys

Moms are the most generous! They spend 36% more than dads

Average cost of a ball in Canada (2014): $804.

Average cost of a ball in Canada (2015): $508.

Cost of a grad ball in the United States
  • 2011: $807
  • 2012: $1,078
  • 2013: $1,455
  • 2014: $1,949
How much does it cost?
  • Suit or tux: $125 to $225
  • Boutonniere: $15
  • Hair: $25
  • Glamming up (hair, manicure, pedicure, makeup): $200 to $400
  • Accessories, jewellery and shoes: $50 to $150
  • Corsage (pin-on or wrist): $25 to $50
  • Dress: $100 to $400
Shared expenses:
  • Event ticket: $20 to $50
  • Limo: $200 to $500
Total: $760 to $1,800

On average, girls spend $200 to $400 more than boys.

#1 Tip: Set a budget
Make a list of all possible expenses and prioritize the most important ones according to your budget.

Use the amounts listed above to think of everything... even the after event!

Other savings tips
  • Your favourite item. Spend more on your favourite item and less on the others
  • Hair and makeup. Ask a friend or watch video tutorials online
  • Clothing. Since you'll only be wearing this outfit once, look for bargains, go to thrift shops, recycle, borrow, rent, or make it yourself
  • Transportation. Share a limo with friends, or use another method of transportation
  • Accessories. Before buying accessories, shop your closet or borrow!
  • Flowers. Buy flowers and make your own boutonniere by watching tutorials online
The data used in this infographic come from studies carried out in the United States and Canada.

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