How Much Would You Spend?
Parents and kids don't always agree on the budget for teen parties
By Ingrid Tharasook

(MONEY Magazine) – THE SHAWS, LITCHFIELD, CONN.

KAREN & MARC $5,000 "Spending more would be inappropriate, even if you had the money."

BROOKE $500 "Other parties can be huge, but for me it's enough to just be with friends."

THE CORBINS, LAS VEGAS

TARITA $2,000 "If they get it all at 16, what else do they have to look forward to?"

DOMINIQUE $15,000 "I want it to be a big event that everyone remembers years later."

THE HARTS, FLORENCE, S.C.

JULIE $500 "We want her to feel special, but not at the expense of my financial standing."

DANIELLE $4,000 "But if I didn't have things like a band, I could bring it down to about $1,000."

Interviews conducted outside the MTV studios in Times Square, New York City

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.