Most of us have a fair understanding that weddings can be an expensive pursuit, but do you really understand just how much the average wedding costs in Australia? A little over $36,000, based on Australia’s Money Smart website. And that was in 2012! In today’s times, it’s most probably somewhere around the $50,000 mark. I suppose if you have well-off parents it wouldn’t be an issue, but unfortunately the majority of us don’t.
Let’s face it, $50,000 is a lot of money! You could purchase a franchise, place a down payment on a new home, pay off 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.
Even though I’ve never married personally, I have a close circle of friends, and two of them managed to pull off the most splendid weddings on a shoestring. Naturally, it didn’t include classy 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 planning a wedding on a budget and trying to find ways to save money, then here’s how.
There’s lots of ways to save thousands of dollars on your wedding venue. One of the most breathtaking weddings I attended was in the backyard of a friend’s house. Other options you could consider is hiring a local park for the day, or maybe the beach. The atmosphere is fantastic, you can personalise your wedding to precisely how you want it, and the costs are extremely low. If you make the decision to have your wedding in a public location, just don’t forget to speak with the local council and make reservations well in advance.
While lots of people prefer their weddings on a Saturday, the prices of venues are much more expensive 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 cost of your venue. If you’re dead-set on having your wedding reception in an indoor location, then organise your wedding date in winter and you’ll save around 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 exceptional specs of smartphone cameras nowadays, think of hiring a professional photographer only for the formalities and ask your buddies to take photos over the course of your wedding. You can create a hashtag on Twitter and get your friends to post their photos, ensuring that there’ll be loads of natural pictures that mirror the true spirit of your special day.
Food & Drinks
If you really want to save money, then catering businesses are your primary target! They charge exorbitant prices and aren’t all that necessary. Consider preparing 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 professional 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 conventional. Also, look for a venue that allows you to bring your own alcohol. You’ll save a heap 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 unusual for people to borrow money to cover their weddings, not realising how hard 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 frequently take years to repay. If you’ve had a luxurious wedding and found yourself in financial distress, always seek financial advice sooner rather than later. The sooner you take action, the more possibilities will be available. For any financial guidance regarding your personal situation, get in touch with Bankruptcy Experts Sunshine Coast on 1300 795 575, or visit our website for additional information: www.bankruptcyexpertssunshinecoast.com.au