Homecoming & Dances — Teach Your Teen How to Budget for Big Events

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Big events like homecoming, winter formal, and prom are some of the most exciting moments in a teenager’s life. But they’re also some of the first times your teen will face real-world money choices — and the spending can add up quickly.

From tickets and outfits to transportation and dinner, these events are mini “financial planning workshops” hiding in plain sight. As parents, we can either cover the bill quietly or use the opportunity to teach our kids lifelong money skills.

Here’s how to help your teen budget for big events — without killing the fun.

Step 1: Start with the Full Cost Picture

Teens often think only about the ticket price — $40 or $60 — but the real costs include:

• 🎟️ Tickets

• 👗 Dress, suit, or outfit (plus shoes, jewelry, hair, makeup)

• 🍽️ Dinner or pre-event food

• 🚗 Transportation (rideshare, limo, or gas money)

• 📸 Photos and extras (flowers, corsages, group pictures)

👉 Sit down with your teen and list everything out. This helps them see the true scope of the event and prevents the “surprise costs” that sneak in.

To see steps 2-5 subscribe…