Most of us have a pretty good understanding that weddings can be an expensive exercise, but do you really know just 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 quite likely somewhere around the $50,000 mark. I guess if you have wealthy parents it wouldn’t be an issue, but unfortunately the majority of us don’t.
Let’s admit it, $50,000 is a great deal of money! You could buy a business, put a down payment on a new house, pay off your student loans, or perhaps travel the world! The fact is though, weddings are a celebration of two people who commit to spending the rest of their lives with each other. Sure, we ‘d all want to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.
Whilst I’ve never walked down the aisle myself, I have a close circle of friends, and two of them managed to pull off the most unforgettable weddings on a shoestring. Of course, it didn’t involve extravagant bridesmaid parties and catering for 500 guests, but it was unique, intimate, and everybody who came had the time of their lives. If you’re about to get married on a budget and trying to find ways to save money, then here’s how.
There’s plenty of ways to save thousands of dollars on your wedding venue. One of the most spectacular weddings I attended was in the garden of a friend’s home. Other alternatives you could look into is hiring a community park for the day, or maybe the beach. The atmosphere is magnificent, you can customise your wedding to exactly how you want it, and the costs are exceptionally low. If you choose to have your wedding in a public location, just don’t forget to speak with the local council and make reservations well ahead of time.
Whilst lots of people prefer their weddings on a Saturday, the rates of venues are much more costly on Saturday than any other day of the week. Think about having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will likewise have a considerable impact on the fees of your venue. If you’re dead-set on having your wedding reception in an indoor location, then schedule 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 typically cost roughly $4,000 for the whole day. With the impressive specs of smartphone cameras these days, look into hiring a professional photographer just for the formalities and ask your friends to take pictures throughout the duration 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 resonate the true spirit of your special day.
Food & Drinks
If you really wish to save money, then catering businesses are your key target! They charge exorbitant prices and aren’t all that necessary. Contemplate organising your own food and drinks and don’t be afraid to go against the grain here.
You could hire a wood fire pizza truck that offers gourmet pizza, or look into hiring somebody 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 mouth watering sauce and cheesy smashed potatoes! Always remember that most of the time, being different is much more memorable than being traditional. Additionally, search for a venue that enables you to bring your own alcohol. You’ll save a bunch of money this way, and you’ll be able to work out a considerable discount when buying in bulk.
Don’t Borrow Money
It’s not uncommon for newlyweds to borrow money to finance their weddings, not understanding how difficult it can be to pay back. Not only will you be borrowing money for the wedding itself, but also interest on top of that, which can sometimes take years to repay. If you’ve had an extravagant wedding and found yourself in financial trouble, always seek financial guidance sooner rather than later. The sooner you take action, the more choices will be available. For any financial guidance regarding your personal circumstances, speak to Bankruptcy Advice Adelaide on 1300 879 867, or visit our website for further details: Bankruptcy Adelaide