Most of us have a fairly good understanding that weddings can be a costly exercise, but do you actually understand just how much the average wedding costs in Australia? A bit over $36,000, based on Australia’s Money Smart website. And that was in 2012! These days, it’s likely somewhere around the $50,000 mark. I suppose if you have rich parents it wouldn’t be a concern, but unfortunately many of us don’t.
Let’s admit it, $50,000 is a considerable amount of money! You could buy a franchise, place a deposit on a property, settle your student loans, or maybe travel the world! The reality is though, weddings are a celebration of two individuals who commit to devoting 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 been married personally, I have a close circle of friends, and two of them managed to pull off the most remarkable weddings on a shoestring. Obviously, it didn’t consist of luxurious bridesmaid parties and catering for 400 guests, but it was unique, intimate, and everybody who came had the time of their lives. If you’re planning a wedding on a budget and trying to find ways to save money, then here’s how.
There’s many ways to save thousands of dollars on your wedding venue. One of the most magnificent weddings I was invited to was in the garden of a friend’s home. Other options you could consider is hiring a local park for the day, or perhaps the beach. The atmosphere is incredible, you can customise your wedding to exactly how you want it, and the costs are tremendously low. If you opt to have your wedding in a public place, just remember to speak to the local council and make reservations well ahead of time.
Even though many people prefer their weddings on a Saturday, the rates of venues are much more expensive 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 likewise have a dramatic effect on the fees of your venue. If you’re dead-set on having your reception in an indoor location, then reserve your wedding date in winter and you’ll save roughly a third of the costs for venue hire itself.
The price of a professional photographer will commonly cost roughly $4,000 for the entire day. With the incredible specs of smartphone cameras these days, think of hiring a professional photographer just for the formalities and ask your buddies to take pictures over the course of your wedding celebrations. You can make a hashtag on Twitter and get your friends to post their pics, ensuring that there’ll be loads of natural pictures that emulate the true spirit of your special day.
Food & Drinks
If you really wish to save money, then catering companies are your top target! They charge enormous prices and aren’t really necessary at all. 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 look at hiring a professional 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 delicious sauce and cheesy smashed potatoes! Remember that most of the time, being original is far more memorable than being customary. Similarly, look for a venue that permits you to bring your own alcohol. You’ll save a heap of money this way, and you’ll have the chance to discuss a substantial discount when buying in bulk.
Don’t Borrow Money
It’s not out of the ordinary for couples to borrow money to fund their weddings, not understanding how challenging it can be to repay. Not only will you be borrowing money for the wedding itself, but also interest on top of that, which can occasionally take years to pay off. If you’ve had an extravagant wedding and found yourself in financial difficulties, 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, call Bankruptcy Advice Perth on 1300 879 867, or visit our website for further details: Bankruptcy Perth