Senior Year

Congrats…your “baby” is now a high school senior! You’ve almost made it. You’ve been saving for the college years so you know what to expect going forward. However, senior year has some additional expenses that you and your teen should budget for early.

Here are some of the “extras” to discuss with your senior:

• Senior portraits – consider in school vs studio photographer
• Memorabilia – Class ring, Varsity sports jackets, etc.
• Yearbook – embossed with initials/monogram
• Senior Prom/Dances – tickets, dress/tux, dinner, limo, after-parties, etc.
• Senior Class Trip/Picnics - tickets, food, etc.
• Graduation – cap and gown, announcements, party, etc.
• College Application Fees – discuss how many applications you will be submitting
• College Test Fees – SAT/ACT, AP, etc.
• College visits – gas or plane tickets to check out your top choices

As a family, you’ll need to decide what works for your budget. Then, discuss how much you will pay and what makes sense for your teen to contribute.

If the expenses are overwhelming, consider organizing a school fundraiser for prom/trip/graduation. And, if relatives would like to help out, they could contribute to senior portraits or the class ring.

Senior year is a milestone for your teen and your family. Some upfront planning will help you and your teen to keep the memories alive without busting your budget.

Happy Senior Year to all!