Get Schooled

Budgeting for Events as a High School Senior

Last updated February 29, 2024

Senior year of high school can come with a fair amount of expenses– from college applications and senior activities to yearbooks and graduation materials. While the costs can quickly add up, there are resources to help you cover them! Here’s how to budget for senior year expenses.

A graduating student smiling while in a line of classmates who are also graduating - Budgeting for Events as a High School Senior

Figure out your costs

Take a moment to make a list of all the senior year expenses that you expect and how much you anticipate spending on each, listing everything from college applications to prom tickets. This will help you figure out how much money you’ll need to earn or save in order to cover all your expenses. Some examples include:

  • College application fees
  • SAT/ACT registration
  • Senior portraits
  • Formal dances and events (homecoming, prom, etc.)
  • Yearbook
  • College enrollment deposit
  • Graduation regalia (cap and gown)
  • Senior class trip(s)

Depending on your school, you may have different types of senior year expenses. No matter the expenses, be sure to note them so you have an idea of how much time and money you’ll need to cover them.

Receive the money

Talk to a parent or trusted adult about paying for your senior year expenses and activities, since they might already have them covered for you. In the event that they are unable to cover some or all of these expenses, don’t worry! You can earn and save money by:

Create a budget

Creating a budget is a great way to help you manage your senior year expenses. Creating a budget can seem complicated or intimidating, but it's easy to do! Simply put, a budget is just a plan for how you’ll spend your money. Learn more here about creating your budget!

Advocate for yourself

You may think that financial constraints mean that you can’t participate in or enjoy some of the activities that come with senior year. If you find yourself in this position, check in to learn if there are any ways to still participate. For example, yearbooks can be expensive! Ask the yearbook staff advisor if you can purchase by making smaller payments. You never know until you ask!

While budgeting for senior year can be stressful, it’s also a reminder of how much there is to celebrate and enjoy! Need more ideas or support in budgeting for senior year? Text #Hello to 33-55-77 to chat with one of our advisors. If you're using a mobile device, click here to have the text message set up for you!

Explore your goals

Find a Job

Let Get Schooled help you achieve your goals

Sign UpLog In


Budgeting Tips for Students

Whether you're in high school, college, or working, creating a budget is a great way to manage your money. Check out our budgeting tips for students!

Money Moves Teens & Young Adults Should Make

Here are seven money moves teens and young adults can start making now to build financial understanding and security!

How Expensive Are You? Tracking Your Expenses

How much does it cost for you to live your best life? Use our guide to find out how expensive you are!

Five Podcasts To Help You Get Your Finances Together

From personal budgeting to investing, take control of your finances with these five top-notch podcasts!

Get Schooled helps young people get to college, find first jobs, and succeed in both.

About UsOur TeamBoard of DirectorsFAQ

Pursue Your Goal

©2024 Get Schooled