Most of us have a fair understanding that weddings can be a costly pursuit, but do you actually know 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! Today, it’s quite possibly somewhere around the $50,000 mark. I suppose if you have rich 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 business, put a deposit on a property, settle your student loans, or maybe 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 like to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.
While I’ve never married myself, I have a close circle of friends, and two of them managed to pull off the most unforgettable weddings on a shoestring. Obviously, it didn’t feature costly bridesmaid parties and catering for 500 guests, but it was unique, intimate, and almost everyone who came had the time of their lives. If you’re about to get married on a budget and looking at ways to save money, then here’s how.
There’s loads of 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 consider is hiring a neighbourhood park for the day, or perhaps the beach. The ambience is spectacular, you can customise your wedding to exactly how you want it, and the costs are extremely low. If you choose to have your wedding in a public place, just don’t forget to phone the local council and book well ahead of time.
Even though lots of people prefer their weddings on a Saturday, the rates of venues are much more pricey on Saturday than any other day of the week. Look into having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will also have a substantial impact on the cost of your venue. If you’re dead-set on having your reception in an indoor location, then book your wedding date in winter and you’ll save close to a third of the costs for venue hire itself.
The cost of a professional photographer will normally cost around $4,000 for the entire day. With the amazing specs of smartphone cameras these days, think about hiring a professional photographer just for the formalities and ask your friends to take pictures throughout the duration of your wedding celebrations. You can make a hashtag on Twitter and ask your friends to post their photos, ensuring that there’ll be loads of natural pictures that reflect the true spirit of your special day.
Food & Drinks
If you really want to save money, then catering firms are your primary target! They charge outrageous prices and aren’t really necessary at all. Contemplate preparing your own food and drinks and don’t hesitate to go against the grain here.
You could hire a wood fire pizza truck that offers 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 mouth watering sauce and cheesy smashed potatoes! Remember that most of the time, being original is much more memorable than being customary. Also, search for a venue that allows you to bring your own alcohol. You’ll save a pile of money this way, and you’ll have the ability to discuss 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 realising how difficult 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 occasionally take years to repay. If you’ve had an extravagant wedding and found yourself in financial difficulties, always seek financial assistance sooner rather than later. The sooner you take action, the more choices will be available. For any financial guidance regarding your personal situation, reach out to Bankruptcy Experts Frankston on 1300 795 575, or visit our website for additional information: www.bankruptcyexpertsfrankston.com.au