As Americans continue to find ways to cut personal expenses, one area where
they are not willing to make financial sacrifices is prom spending. A new survey
released by Visa shows that consumers will spend an average of $1,139 this year
on prom, a 5% increase over last year. To help teens and parents combat
ballooning prom costs, Visa has introduced Plan'it Prom, the definitive prom
planning tool. Plan'it Prom empowers students and parents to plan, budget and
cut costs by incorporating a prom count down, timeline, and budget health
meter into a layout that is fun and easy to use.
Prom Spending
Plan'it Prom Available for iOS and Android
To help combat the high cost of prom, Visa's free app helps teens and parents budget for every prom-related expense.
Spending on the annual high school ritual of the prom continues to outpace inflation and grew for the second straight year, hitting an average of $1,139 per family in 2013.