Prom for Under $200? Totally.

The beautiful dress! The gorgeous corsage! The glamorous makeup!

The astronomical price tag. Oof.

Not to fear. While the average cost of prom has risen above $1000 per family this year, it can be done for under $200. Here’s how.

The Getup
A recent USA Today story pinned the average cost of a prom dress at $231. That’s a lot to drop on a showstopping dress you’ll be wearing only once. A few alternatives:

  • Rent a dress. For $50-$100, promgoers can have a designer dress shipped to their front door from genius website Rent the Runway. Wear it to prom, put it in a pre-paid envelope the next day, and send it on back — no dry cleaning or major investments required. Tip: check our RTR on Facebook for exclusive fan discounts on Fridays.
  • Participate in a Prom Dress Swap. Area high schools across the country are teaming up for prom dress swaps, giving their gently-used formal gowns a second chance to stun.
  • Go vintage. Want to stand out? Swing by a thrift or consignment shop and pick up a one-of-a-kind vintage suit or dress. If you’ve got a sense of humor, a dorky prom getup from decades past will turn heads and let your personality shine.
  • Getting a tux? Call around. Even though many proms are less formal and a suit will do you just fine, if you’re going for the full tux, don’t be afraid to call around to different formalwear shops to find the best price.

Glamorize and Accessorize Wisely

  • Paint your own nails. A manicure can cost upwards of $35. Know this: nobody will be looking at your nails. Paint them yourself!
  • Don’t splurge on your hair. Ask your stylist for a simple sleek blowout instead of a stiff updo. Even better: enlist a (trusted!) friend or relative to wield the curling iron — and do a trial run before the big night.
  • Rock shoes with personality. If you’re a Converse All-Star guy, pair chucks with your prom getup. If you’re a glitzy heels type of girl, pick up a glittery pair with personality for under $20 at a discount retailer like Forever 21.
  • Do makeup on the cheap. YouTube is rife with excellent makeup tutorials, with step-by-step instructions for everything from dramatic lips to smokey eyes. Don’t trust your own hands to do a bangup job? Most department store cosmetics counters will give you a complimentary makeup application (with the expectation that you make at least one small purchase).
  • Supermarket flowers. Hit your local grocery store’s floral department for corsages and boutonnieres at slightly lower prices than you’ll find at a specialty flower shop.

Keep the Pre-Prom Festivities Under Control

  • Skip the photographer. Shareeke Edmead-Nesi of The Conscious Spender advises: “take your own photos and share them instantly on Facebook and Instagram” — and skip the professional photog.
  • Dine somewhere fun, not fancy. Save the multi-course meals at an upscale restaurant for your graduation celebrations! Try going out to a local landmark, like a famous barbecue joint or dive diner, for a pre-prom meal that’s a special treat, not a splurge. Or organize a backyard barbecue or potluck (and kick the parents out after picture time).
  • Arrive in style. You know how your Uncle spends all his time fixing up that vintage car? Ask (nicely) to borrow it for the night — and forgo the flashy limo.

So, can a young woman attend prom for under $200? Absolutely. Let’s assume she splits the dinner bill with her date and that she pays for her own dance ticket.

Dress, $64.95 – Rented from Rent the Runway (including shipping)
Manicure, $0 - Done at home, using her own nail polish
Hair, $25 – Salon blowout
Shoes, $19.80 – Forever 21
Makeup, $14.50 – Free application (department store), $14.50 lipstick purchase
Boutonniere, $10 – Supermarket
Dinner, $15 – BBQ joint
Photographs, $0 – Snapped using Instagram
Dance Ticket, $50
TOTAL: $199.25

How are you planning to save on prom costs?

[Image: wishymom via Flickr]

The Dollars We Drop on Mom and Pop [Infographic]

We spend $14.6 billion to show our love and appreciation to our fabulous mamas on Mother’s Day. In comparison, we spend $9.4 billion to honor dad on Father’s Day. But that doesn’t mean we have a favorite parent. Just like our parents definitely don’t have a favorite child. (But if they did, it’d be you. Clearly.)

In our latest infographic, we take a look at Mother’s Day spending vs. Father’s Day spending. Enjoy.

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Mommy Blogging by the Numbers [Infographic]

With Mother’s Day around the corner, we’re taking a look at the newest generation of influential mamas: Mommy Bloggers. These relatable and witty parents have gained notoriety and success by taking to their keyboards to chronicle their milestones, triumphs and trials, from their fashion finds and kitchen successes to friendship failures and family dramas.

The ascent of the Mommy Blogger has been rapid, and her wild popularity, power and influence cannot be ignored. According to CBC, “five years ago, toy companies handed out 98 percent of their samples to TV stations, newspapers and magazines. Today 70 percent of those free samples go to bloggers.”

And of the almost 4 million Mommy Blogs in North America, a handful have considerable power and reach. In our latest infographic, we take a closer look at the top 10 Mommy Bloggers — and we’d like to be the first to wish them a happy Mother’s Day.

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How They Went from Debt to Dough: Two True Stories

In honor of Financial Literacy Month, we asked some of hour favorite financial bloggers to share their own true stories of climbing out of debt and establishing healthy financial habits. Enjoy.

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With Americans’ confidence in their ability to retire comfortably at historically low levels, it’s more important than ever to plan strategically and diligently for a comfortable future. We looked to Generation X Finance blogger and Chartered Retirement Planning Counselor Jeremy Vohwinkle for advice about saving for retirement with taxes in mind — no matter what the tax landscape may look like down the road.

Earth Day: Go Green and Save Some Green [Infographic]

With Earth Day coming up this Sunday, April 22nd, the Earth Day Network’s A Billion Acts of Green project is approaching its 2012 goal of one billion environmental actions performed by people around the world. You can help make that milestone a reality by pledging your own act of green at act.earthday.org — and learn a little bit more about the movement from our latest infographic. Oh, and you might be pleased to find that those small acts of green will save you a little green, too.

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