Most of us have a fairly 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! These days, it’s probably 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 admit it, $50,000 is a lot of money! You could buy a franchise, put a down payment on a property, settle your student loans, or maybe travel the world! The truth is though, weddings are a celebration of two people who commit to spending the rest of their lives together. Sure, we ‘d all want to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.
Even though I’ve never been married myself, I have a close group of friends, and two of them managed to pull off the most unforgettable weddings on a shoestring. Naturally, it didn’t feature costly bridesmaid parties and catering for 300 guests, but it was intimate, unique, 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 many ways to save thousands of dollars on your wedding location. One of the most elegant weddings I was invited to was in the garden of a friend’s house. Other options you could consider is hiring a local park for the day, or perhaps the beach. The environment is fantastic, you can personalise your wedding to precisely how you want it, and the costs are tremendously low. If you make the decision to have your wedding in a public area, just don’t forget to talk to the local council and make reservations well ahead of time.
Whilst lots of people prefer their weddings on a Saturday, the rates of venues are far more expensive on Saturday than any other day of the week. Consider having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will similarly have a considerable effect on the rates of your venue. If you’re dead-set on having your wedding reception in an indoor location, then reserve your wedding date in winter and you’ll save about a third of the costs for venue hire.
The fees of a professional photographer will frequently cost roughly $4,000 for the entire day. With the outstanding specs of smartphone cameras nowadays, look at hiring a professional photographer just for the formalities and ask your buddies to take pictures throughout the duration of your wedding. You can make a hashtag on Twitter and get your friends to publish their photos, ensuring that there’ll be plenty of natural photos that reflect the true spirit of your special day.
Food & Drinks
If you really wish to save money, then catering companies are your key target! They charge exorbitant prices and aren’t all that necessary. Contemplate arranging 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 into hiring an expert 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! Remember that most of the time, being unique is far more memorable than being traditional. Furthermore, look for a venue that permits you to bring your own alcohol. You’ll save a heap of money this way, and you’ll have the chance to work out a considerable discount when buying in bulk.
Don’t Borrow Money
It’s not out of the ordinary for couples to borrow money to fund 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 sometimes take years to pay off. If you’ve had an extravagant 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 situation, get in contact with Bankruptcy Experts Port Macquarie on 1300 795 575, or visit our website for additional details: www.bankruptcyexpertsportmacquarie.com.au