We all have a pretty good understanding that weddings can be a costly exercise, but do you really understand how much the average wedding costs in Australia? Slightly over $36,000, based on Australia’s Money Smart website. And that was in 2012! Nowadays, it’s perhaps somewhere around the $50,000 mark. I guess if you have well-off parents it wouldn’t be a problem, but unfortunately most of us don’t.
Let’s admit it, $50,000 is a considerable amount of money! You could buy a franchise, put a down payment on a property, settle your student loans, or maybe travel the world! The fact is though, weddings are a celebration of two individuals who commit to devoting the rest of their lives with each other. Sure, we ‘d all love to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.
Whilst I’ve never married myself, I have a close circle of friends, and two of them managed to pull off the most extraordinary weddings on a shoestring. Obviously, it didn’t consist of luxurious bridesmaid parties and catering for 300 guests, but it was intimate, unique, and everyone 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 numerous ways to save thousands of dollars on your wedding location alone. One of the most stunning weddings I was invited to was in the garden of a friend’s home. Other choices you could think about is hiring a community park for the day, or maybe the beach. The environment is fantastic, you can personalise your wedding to exactly how you want it, and the costs are unbelievably low. If you opt to have your wedding in a public place, just remember to contact the local council and book well ahead of time.
Although 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. Think about having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will also have a significant effect on the fees 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 more or less a third of the costs for venue hire.
The price of a professional photographer will often cost around $4,000 for the whole day. With the outstanding specs of smartphone cameras nowadays, consider hiring a professional photographer just for the formalities and ask your friends to take photos over the course of your wedding celebrations. You can create a hashtag on Twitter and ask your friends to post their pics, 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 enormous prices and aren’t really necessary at all. Contemplate 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 offers gourmet pizza, or consider hiring an expert 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 mouth watering sauce and cheesy smashed potatoes! Always remember that most of the time, being different is much more memorable than being customary. Furthermore, search for a venue that allows you to bring your own alcohol. You’ll save a bunch of money this way, and you’ll have the chance to arrange a considerable discount when buying in bulk.
Don’t Borrow Money
It’s not unusual for couples to borrow money to cover 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 pay off. If you’ve had an extravagant wedding and found yourself in financial distress, always seek financial advice sooner rather than later. The sooner you act, the more choices will be available. For any financial guidance regarding your personal circumstances, talk to Bankruptcy Experts Emerald on 1300 795 575, or visit our website for additional information: www.bankruptcyexpertsemerald.com.au