What does prom have to do with mortgage rates?
Nothing! But this is prom week in our house and I feel a need to chat about it; dress alterations, up-do, manicure, pedicure, massage, flowers, make-up. It’s a little excessive, yet I’m right with my daughter scheduling appointments and going along with all the fun, or madness. Why? because she saved so much money on her dress purchase we have money left over to do the extra perks.
Several of her friends purchased dresses for $400-500 (ridiculous! I think that’s what I paid for my wedding dress in ‘92). We paid less than $100 – for a lovely black formal she’s sure to wear the next two years, (at least that’s the story I’m selling myself).
If other parents are buying dresses for $400+, buying shoes, undergarments, manicures, up do’s etc…surely this surge of Spring income will help the economy. Right? What I’m really doing is helping the economy, (or at least that’s the story I’m selling to myself).
If your son or daughter is going to prom – I share your pocket-book pain. Let’s hope all the kids have a great time and come home safe.
Equal Housing Lender.