Most of us have a fairly good understanding that weddings can be a costly exercise, but do you actually know just how much the average wedding costs in Australia? Slightly over $36,000, based on Australia’s Money Smart website. And that was in 2012! At present, it’s perhaps somewhere around the $50,000 mark. I guess if you have well-off parents it wouldn’t be a concern, but unfortunately many of us don’t.
Let’s admit it, $50,000 is a great deal of money! You could buy a franchise, place a deposit on a property, pay off your student loans, or perhaps travel the world! The reality is though, weddings are a celebration of two individuals 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 been married myself, I have a close group of friends, and two of them managed to pull off the most mind-blowing weddings on a shoestring. Needless to say, it didn’t feature extravagant bridesmaid parties and catering for 400 guests, but it was unique, intimate, and almost everyone 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 plenty of 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 house. Other alternatives you could consider is hiring a neighbourhood park for the day, or maybe the beach. The atmosphere is astounding, you can personalise your wedding to precisely how you want it, and the costs are remarkably low. If you opt to have your wedding in a public location, just don’t forget to speak with the local council and book well ahead of time.
Although most people prefer their weddings on a Saturday, the costs of venues are much more pricey 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 influence on the cost of your venue. If you’re dead-set on having your reception in an indoor location, then schedule your wedding date in winter and you’ll save roughly a third of the costs for venue hire.
The price of a professional photographer will generally cost roughly $4,000 for the whole day. With the exceptional specs of smartphone cameras nowadays, think of hiring a professional photographer only for the formalities and ask your friends to take pictures throughout the duration of your wedding celebrations. You can make a hashtag on Twitter and get your friends to post their pictures, ensuring that there’ll be loads of natural pictures that resonate the true spirit of your special day.
Food & Drinks
If you really wish to save money, then catering businesses are your prime target! They charge extravagant prices and aren’t all that necessary. Contemplate arranging 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 look at hiring somebody to roast a whole pig in the ground and make the sides on your own. For me, there’s nothing better than a pulled pork burger with scrumptious sauce and cheesy smashed potatoes! Don’t forget that most of the time, being unique is far more memorable than being conventional. Equally, try to find a venue that permits you to bring your own alcohol. You’ll save a bundle 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 out of the ordinary for newlyweds to borrow money to pay for their weddings, not understanding how hard it can be to repay. Not only will you be borrowing money for the wedding itself, but also interest on top of that, which can occasionally take years to pay off. If you’ve had a lavish wedding and found yourself in financial trouble, always seek financial advice sooner rather than later. The sooner you act, the more possibilities will be available. For any financial assistance regarding your personal situation, get in touch with Bankruptcy Experts Gosford on 1300 795 575, or visit our website for additional information: www.bankruptcyexpertsgosford.com.au