If you’ve got teenagers, you already know how expensive high school can be. Besides food, clothing and school supplies, a whole host of extracurricular activities are competing for a share of your wallet — even as you frantically try to save for college and your own retirement.
One of the biggest expenses you’ll encounter is the prom. Gone are the days of borrowing dad’s suit and crepe paper streamers in the school gym. Today’s proms are often more like a Hollywood premiere with limousines, designer gowns and swanky after-parties.