Most of us have a decent understanding that weddings can be a costly pursuit, but do you really know how much the average wedding costs in Australia? A little over $36,000, based on Australia’s Money Smart website. And that was in 2012! Nowadays, it’s most probably somewhere around the $50,000 mark. I guess if you have well-off parents it wouldn’t be a problem, but unfortunately many of us don’t.
Let’s face it, $50,000 is a great deal of money! You could purchase a business, place a deposit on a property, repay your student loans, or perhaps travel the world! The fact is though, weddings are a celebration of two people who commit to devoting the rest of their lives with each other. Sure, we ‘d all like to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.
While I’ve never married personally, I have a close circle of friends, and two of them managed to pull off the most remarkable weddings on a shoestring. Of course, it didn’t involve luxurious bridesmaid parties and catering for 300 guests, but it was unique, intimate, and everyone who came had the time of their lives. If you’re planning a wedding on a budget and looking for ways to save money, then here’s how.
There’s many ways to save thousands of dollars on your wedding venue alone. One of the most magnificent weddings I attended was in the backyard of a friend’s home. Other alternatives you could consider is hiring a community park for the day, or maybe the beach. The ambience is magnificent, you can customise your wedding to precisely how you want it, and the costs are extremely low. If you opt to have your wedding in a public place, just don’t forget to phone the local council and make reservations well ahead of time.
Even though lots of people prefer their weddings on a Saturday, the costs of venues are far more costly on Saturday than any other day of the week. Look into having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will also have a substantial impact on the fees of your venue. If you’re dead-set on having your wedding reception in an indoor location, then reserve your wedding date in winter and you’ll save close to a third of the costs for venue hire.
The price of a professional photographer will frequently cost close to $4,000 for the whole day. With the outstanding specs of smartphone cameras nowadays, look at hiring a professional photographer just for the formalities and ask your buddies to take photos over the course of your wedding celebrations. You can create a hashtag on Twitter and get your friends to publish their pics, ensuring that there’ll be an abundance of natural photos that mirror the true spirit of your special day.
Food & Drinks
If you really want to save money, then catering firms are your primary target! They charge outrageous prices and aren’t really necessary at all. Consider organising your own food and drinks and don’t hesitate to go against the grain here.
You could hire a wood fire pizza truck that offers gourmet pizza, or look into hiring someone to roast a whole pig in the ground and make the sides by yourself. For me, there’s nothing better than a pulled pork burger with scrumptious sauce and cheesy smashed potatoes! Always remember that most of the time, being different is far more memorable than being conventional. Equally, look for a venue that allows you to bring your own alcohol. You’ll save a stack of money this way, and you’ll be able to arrange a significant discount when buying in bulk.
Don’t Borrow Money
It’s not uncommon for people to borrow money to cover their weddings, not realising how challenging it can be to pay back. Not only will you be paying for the wedding itself, but also interest on top of that, which can often times take years to pay off. If you’ve had an extravagant wedding and found yourself in financial trouble, always seek financial guidance sooner rather than later. The sooner you act, the more choices will be available. For any financial advice regarding your personal situation, get in touch with Bankruptcy Experts Taree on 1300 795 575, or visit our website for more info: www.bankruptcyexpertstaree.com.au