Most of us have a pretty good understanding that weddings can be an expensive pursuit, but do you actually understand just how much the average wedding costs in Australia? A bit over $36,000, according to Australia’s Money Smart website. And that was in 2012! In today’s times, it’s quite possibly somewhere around the $50,000 mark. I suppose if you have well-off parents it wouldn’t be a concern, but unfortunately most of us don’t.
Let’s admit it, $50,000 is a bunch of money! You could purchase a business, put a deposit on a property, repay your student loans, or even travel the world! The truth 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 lose sight of what’s really important.
While I’ve never been married personally, I have a close circle of friends, and two of them managed to pull off the most unforgettable weddings on a shoestring. Naturally, it didn’t include luxurious bridesmaid parties and catering for 500 guests, but it was intimate, unique, 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 numerous ways to save thousands of dollars on your wedding venue alone. One of the most elegant weddings I was invited to was in the garden of a friend’s house. Other choices you could look into is hiring a local park for the day, or even the beach. The environment is extraordinary, you can personalise your wedding to precisely how you want it, and the costs are tremendously low. If you make the decision to have your wedding in a public area, just don’t forget to call the local council and make reservations well ahead of time.
Although most 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 at having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will similarly have a significant influence on the fees of your venue. If you’re dead-set on having your reception in an indoor area, then organise your wedding date in winter and you’ll save roughly a third of the costs for venue hire.
The price of a professional photographer will typically cost close to $4,000 for the whole day. With the incredible specs of smartphone cameras nowadays, think about 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 ask your friends to upload their photos, ensuring that there’ll be an abundance of natural photos that emulate 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 enormous prices and aren’t all that necessary. 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 offers gourmet pizza, or look at 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 tasty sauce and cheesy smashed potatoes! Always remember that most of the time, being different is much more memorable than being conventional. Equally, search for a venue that allows you to bring your own alcohol. You’ll save a heap of money this way, and you’ll have the chance to work out a significant discount when buying in bulk.
Don’t Borrow Money
It’s not uncommon for couples to borrow money to finance their weddings, not grasping how tough 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 in some cases take years to pay off. If you’ve had an extravagant wedding and found yourself in financial trouble, always seek financial advice sooner rather than later. The sooner you take action, the more choices will be available. For any financial advice regarding your personal circumstances, call Bankruptcy Experts Mackay on 1300 795 575, or visit our website for more information: www.bankruptcyexpertsmackay.com.au