The rising cost of Prom

(StatePoint) Prom is a time-honored tradition and a rite of passage for teens. Originally inspired by graduation celebrations and debutante balls, prom today is now an extravagant, defining moment in a teenager’s life, and bears little resemblance to the promenades of the past -- especially when it comes to cost.

Going to the prom can put a fairly large dent in one’s wallet. In fact, the average family with a teenager spends nearly a thousand dollars on the dance, according to a recent prom spending survey by Visa. Take a look at the budget breakdown below.

“The Promposal”

Just as significant...

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