Most of us have a decent understanding that weddings can be an expensive exercise, but do you really understand how much the average wedding costs in Australia? A little over $36,000, according to Australia’s Money Smart website. And that was in 2012! These days, it’s quite possibly somewhere around the $50,000 mark. I guess if you have wealthy parents it wouldn’t be a concern, but unfortunately the majority of us don’t.
Let’s face it, $50,000 is a huge amount of money! You could purchase a company, place a deposit on a new house, repay your student loans, or perhaps travel the world! The reality 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 love to have the wedding of our dreams, but we shouldn’t forget what’s really important.
Although I’ve never married personally, I have a close circle of friends, and two of them managed to pull off the most extraordinary weddings on a shoestring. Indeed, it didn’t feature classy bridesmaid parties and catering for 400 guests, but it was intimate, unique, and every person who came had the time of their lives. If you’re organising a wedding on a budget and looking at ways to save money, then here’s how.
There’s lots of ways to save thousands of dollars on your wedding location. One of the most stylish weddings I was invited to was in the garden of a friend’s house. Other alternatives you could think about is hiring a neighbourhood park for the day, or maybe the beach. The environment is remarkable, you can customise your wedding to precisely how you want it, and the costs are exceptionally low. If you make the decision to have your wedding in a public place, just remember to call the local council and make reservations well ahead of time.
Although the majority of people prefer their weddings on a Saturday, the costs of venues are much more pricey on Saturday than any other day of the week. Consider having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will also have a considerable effect on the cost of your venue. If you’re dead-set on having your wedding reception in an indoor location, then book your wedding date in winter and you’ll save around a third of the costs for venue hire itself.
The cost of a professional photographer will often cost close to $4,000 for the entire day. With the remarkable specs of smartphone cameras nowadays, think of hiring a professional photographer only for the formalities and ask your friends to take pictures over the course of your wedding. You can make a hashtag on Twitter and get your friends to upload their photos, ensuring that there’ll be an abundance of natural pictures that resonate the true spirit of your special day.
Food & Drinks
If you really wish to save money, then catering businesses are your primary target! They charge extravagant prices and aren’t really necessary whatsoever. Contemplate arranging 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 serves gourmet pizza, or consider hiring an expert to roast a whole pig in the ground and make the sides on your own. For me, there’s nothing better than a pulled pork burger with mouth watering sauce and cheesy smashed potatoes! Don’t forget that most of the time, being original is far more memorable than being customary. In addition, try to find a venue that allows you to bring your own alcohol. You’ll save a stack of money this way, and you’ll have the opportunity to discuss a sizeable discount when buying in bulk.
Don’t Borrow Money
It’s not uncommon for newlyweds to borrow money to cover their weddings, not realising how tough it can be to repay. Not only will you be paying for the wedding itself, but also interest on top of that, which can occasionally take years to pay off. If you’ve had a lavish wedding and found yourself in financial distress, always seek financial guidance sooner rather than later. The sooner you act, the more choices will be available. For any financial guidance regarding your personal circumstances, phone Bankruptcy Advice on 1300 879 867, or visit our website for additional details: Bankruptcy Advice