Most of us have a fairly good understanding that weddings can be an expensive exercise, but do you really know how much the average wedding costs in Australia? A little over $36,000, according to Australia’s Money Smart website. And that was in 2012! Today, it’s most probably somewhere around the $50,000 mark. I guess if you have wealthy parents it wouldn’t be a concern, but unfortunately most of us don’t.
Let’s face it, $50,000 is a great deal of money! You could purchase a business, put a deposit on a new home, pay off your student loans, or even travel the world! The fact is though, weddings are a celebration of two individuals who commit to devoting the rest of their lives together. 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 walked down the aisle 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 feature extravagant bridesmaid parties and catering for 300 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 looking for ways to save money, then here’s how.
There’s a number of ways to save thousands of dollars on your wedding location. One of the most stylish weddings I was invited to was in the garden of a friend’s house. Other alternatives you could think about is hiring a community park for the day, or perhaps the beach. The environment is incredible, you can customise your wedding to precisely how you want it, and the costs are unbelievably low. If you decide to have your wedding in a public place, just don’t forget to consult with the local council and make reservations well in advance.
Even though 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. Think about having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will similarly have a significant effect on the fees of your venue. If you’re dead-set on having your reception in an indoor location, then organise your wedding date in winter and you’ll save more or less a third of the costs for venue hire.
The fees of a professional photographer will generally cost about $4,000 for the entire day. With the impressive specs of smartphone cameras nowadays, think of hiring a professional photographer only for the formalities and ask your buddies to take pictures throughout the duration of your wedding celebrations. You can make a hashtag on Twitter and get your friends to publish 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 key target! They charge outrageous prices and aren’t all that necessary. Think about organising your own food and drinks and don’t hesitate to go against the grain here.
You could hire a wood fire pizza truck that serves 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 tasty sauce and cheesy smashed potatoes! Don’t forget that most of the time, being different is far more memorable than being traditional. Moreover, search for a venue that allows you to bring your own alcohol. You’ll save a bundle of money this way, and you’ll have the opportunity to negotiate a considerable discount when buying in bulk.
Don’t Borrow Money
It’s not uncommon for couples to borrow money to finance their weddings, not understanding how difficult it can be to pay back. Not only will you be borrowing money for the wedding itself, but also interest on top of that, which can frequently take years to pay off. If you’ve had a lavish wedding and found yourself in financial difficulties, always seek financial help sooner rather than later. The sooner you act, the more options will be available. For any financial guidance regarding your personal circumstances, speak with Bankruptcy Experts Wangaratta on 1300 795 575, or visit our website for more information: www.bankruptcyexpertswangaratta.com.au