Frugal moms know plenty of tricks for scoring great deals on kids clothing. When it comes to fancy designer goods, however, discounts can be scarce. It's no surprise, then, that special occasion dresses for prom, homecoming and graduation can be a major budget-buster for many families.
RentTheRunway can help you or your teen enjoy the latest designer fashions at less than 10 percent of the retail cost. For the price of a single dress from the local mall, this site lets you rent high-end gowns and accessories for parties and special events. Membership is free, and RentTheRunway even sends you two different sizes to help you find the perfect fit. After the big event, simply slip the dress back into the postage-paid envelope and drop it in the mail. A $5 insurance policy protects you from accidental spills and stains, and the company handles all the cleaning.