Most of us have a decent understanding that weddings can be an expensive pursuit, but do you actually understand just how much the average wedding costs in Australia? Slightly over $36,000, based on Australia’s Money Smart website. And that was in 2012! These days, it’s quite likely somewhere around the $50,000 mark. I guess if you have rich parents it wouldn’t be an issue, but unfortunately most of us don’t.
Let’s admit it, $50,000 is a lot of money! You could purchase a franchise, place a deposit on a property, settle your student loans, or even travel the world! The reality is though, weddings are a celebration of two people who commit to spending the rest of their lives together. Sure, we ‘d all love to have the wedding of our dreams, but we shouldn’t forget what’s really important.
Whilst I’ve never married myself, I have a close group of friends, and two of them managed to pull off the most memorable weddings on a shoestring. Obviously, it didn’t consist of luxurious bridesmaid parties and catering for 500 guests, but it was unique, intimate, and every person who attended had the time of their lives. If you’re planning a wedding on a budget and looking at ways to save money, then here’s how.
There’s a number of ways to save thousands of dollars on your wedding venue. One of the most stylish weddings I attended was in the backyard of a friend’s house. Other options you could contemplate is hiring a neighbourhood park for the day, or perhaps the beach. The ambience is spectacular, you can personalise your wedding to exactly how you want it, and the costs are incredibly low. If you opt to have your wedding in a public place, just don’t forget to speak with the local council and make reservations well in advance.
Although many people prefer their weddings on a Saturday, the prices of venues are far more expensive on Saturday than any other day of the week. Contemplate having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will also have a significant impact on the cost of your venue. If you’re dead-set on having your wedding reception in an indoor area, then book your wedding date in winter and you’ll save about a third of the costs for venue hire.
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, consider hiring a professional photographer just for the formalities and ask your friends to take pictures over the course of your wedding. You can create a hashtag on Twitter and ask your friends to post their pics, ensuring that there’ll be an abundance of natural photos that reflect the true spirit of your special day.
Food & Drinks
If you really intend to save money, then catering firms are your prime target! They charge exorbitant prices and aren’t really necessary whatsoever. Consider preparing 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 consider hiring a friend 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! Don’t forget that most of the time, being unique is far more memorable than being traditional. 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 chance to discuss a substantial discount when buying in bulk.
Don’t Borrow Money
It’s not uncommon for couples to borrow money to fund their weddings, not realising how tough 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 a lavish wedding and found yourself in financial hardship, always seek financial advice sooner rather than later. The sooner you take action, the more options will be available. For any financial guidance regarding your personal circumstances, speak with Bankruptcy Experts Dandenong on 1300 795 575, or visit our website for more information: Bankruptcy Dandenong