We all have a fair understanding that weddings can be an expensive exercise, but do you really know 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! In today’s times, it’s perhaps somewhere around the $50,000 mark. I guess if you have rich parents it wouldn’t be a concern, but unfortunately many of us don’t.
Let’s face it, $50,000 is a bunch of money! You could purchase a business, put a down payment on a new home, settle your student loans, or even travel the world! The fact is though, weddings are a celebration of two people who commit to spending the rest of their lives together. Sure, we ‘d all prefer 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 group of friends, and two of them managed to pull off the most mind-blowing weddings on a shoestring. Needless to say, it didn’t feature extravagant bridesmaid parties and catering for 400 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 trying to find ways to save money, then here’s how.
There’s plenty of ways to save thousands of dollars on your wedding location alone. One of the most breathtaking weddings I attended was in the backyard of a friend’s house. Other choices you could consider is hiring a neighbourhood park for the day, or maybe the beach. The ambience is amazing, you can personalise your wedding to exactly how you want it, and the costs are tremendously low. If you opt to have your wedding in a public area, just don’t forget to phone the local council and book well ahead of time.
While 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 similarly have a dramatic effect on the rates of your venue. If you’re dead-set on having your 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 itself.
The cost of a professional photographer will generally cost around $4,000 for the entire day. With the exceptional specs of smartphone cameras nowadays, look at hiring a professional photographer only for the formalities and ask your buddies to take pictures throughout the duration of your wedding celebrations. You can create a hashtag on Twitter and get your friends to upload their photos, ensuring that there’ll be plenty of natural pictures that reflect the true spirit of your special day.
Food & Drinks
If you really wish to save money, then catering businesses are your prime target! They charge outrageous prices and aren’t all that necessary. Think about organising 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 friend 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 scrumptious sauce and cheesy smashed potatoes! Don’t forget that most of the time, being original is much more memorable than being conventional. In addition, look for a venue that enables you to bring your own alcohol. You’ll save a pile of money this way, and you’ll be able to work out a sizeable discount when buying in bulk.
Don’t Borrow Money
It’s not uncommon for couples to borrow money to pay for their weddings, not realising how difficult 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 often times take years to repay. If you’ve had a lavish wedding and found yourself in financial hardship, always seek financial guidance sooner rather than later. The sooner you act, the more possibilities will be available. For any financial guidance regarding your personal circumstances, speak to Bankruptcy Experts Tweed Coast on 1300 795 575, or visit our website for more details: Bankruptcy Tweedcoast