We all have a decent 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, according to Australia’s Money Smart website. And that was in 2012! These days, it’s most probably somewhere around the $50,000 mark. I suppose if you have rich parents it wouldn’t be a problem, but unfortunately many of us don’t.
Let’s admit it, $50,000 is a great deal of money! You could purchase a business, place a down payment on a new house, pay off 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 with each other. Sure, we ‘d all want to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.
Whilst I’ve never been married myself, I have a close group of friends, and two of them managed to pull off the most splendid weddings on a shoestring. Obviously, it didn’t feature expensive bridesmaid parties and catering for 300 guests, but it was intimate, unique, and every person who attended 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 many ways to save thousands of dollars on your wedding venue. One of the most stylish weddings I attended was in the garden of a friend’s house. Other alternatives you could look into is hiring a community park for the day, or perhaps the beach. The atmosphere is spectacular, you can personalise your wedding to precisely how you want it, and the costs are exceptionally low. If you make the decision to have your wedding in a public place, just remember to talk with the local council and book well ahead of time.
Even though many people prefer their weddings on a Saturday, the rates of venues are far more costly 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 likewise have a substantial 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 more or less a third of the costs for venue hire itself.
The cost of a professional photographer will typically cost about $4,000 for the entire day. With the remarkable specs of smartphone cameras these days, think about hiring a professional photographer only for the formalities and ask your buddies to take photos over the course of your wedding celebrations. You can make a hashtag on Twitter and get your friends to upload their photos, ensuring that there’ll be loads of natural photos that resonate the true spirit of your special day.
Food & Drinks
If you really intend to save money, then catering companies are your prime target! They charge enormous prices and aren’t really necessary whatsoever. Consider 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 somebody to roast a whole pig in the ground and make the sides yourself. For me, there’s nothing better than a pulled pork burger with scrumptious sauce and cheesy smashed potatoes! Always remember that most of the time, being different is much more memorable than being customary. Equally, search for a venue that enables you to bring your own alcohol. You’ll save a stack of money this way, and you’ll have the opportunity to work out a substantial discount when buying in bulk.
Don’t Borrow Money
It’s not out of the ordinary for newlyweds to borrow money to pay for their weddings, not understanding 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 sometimes take years to repay. If you’ve had a lavish wedding and found yourself in financial distress, always seek financial guidance sooner rather than later. The sooner you act, the more possibilities will be available. For any financial assistance regarding your personal circumstances, get in touch with Bankruptcy Experts Joondalup on 1300 795 575, or visit our website for additional info: www.bankruptcyexpertsjoondalup.com.au