Most of us have a decent understanding that weddings can be a costly exercise, but do you really know just how much the average wedding costs in Australia? Slightly over $36,000, according to 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 wealthy parents it wouldn’t be an issue, but unfortunately the majority of us don’t.
Let’s face it, $50,000 is a great deal of money! You could buy a company, put a down payment on a property, pay off your student loans, or maybe travel the world! The reality is though, weddings are a celebration of two people who commit to devoting 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 walked down the aisle personally, I have a close group of friends, and two of them managed to pull off the most memorable weddings on a shoestring. Indeed, it didn’t consist of classy bridesmaid parties and catering for 500 guests, but it was unique, intimate, and everyone who attended had the time of their lives. If you’re about to get married on a budget and trying to find ways to save money, then here’s how.
There’s many ways to save thousands of dollars on your wedding location alone. One of the most elegant weddings I attended was in the garden of a friend’s home. Other choices you could think about is hiring a neighbourhood park for the day, or maybe the beach. The ambience is incredible, you can personalise your wedding to exactly how you want it, and the costs are tremendously low. If you decide to have your wedding in a public place, just remember to consult the local council and book well ahead of time.
Whilst most people prefer their weddings on a Saturday, the rates of venues are much more pricey on Saturday than any other day of the week. Contemplate having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will additionally have a considerable effect on the cost of your venue. If you’re dead-set on having your reception in an indoor area, then reserve your wedding date in winter and you’ll save close to a third of the costs for venue hire.
The fees of a professional photographer will often cost around $4,000 for the whole day. With the outstanding specs of smartphone cameras these days, look into hiring a professional photographer just for the formalities and ask your buddies to take photos throughout the duration of your wedding celebrations. You can create a hashtag on Twitter and get your friends to upload their photos, ensuring that there’ll be an abundance 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 primary target! They charge outrageous prices and aren’t really necessary whatsoever. Consider 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 offers gourmet pizza, or consider hiring somebody 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! Remember that most of the time, being unique is far more memorable than being customary. Moreover, look for a venue that allows you to bring your own alcohol. You’ll save a stack of money this way, and you’ll have the chance to negotiate a substantial discount when buying in bulk.
Don’t Borrow Money
It’s not out of the ordinary for people to borrow money to pay for their weddings, not grasping how tough 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 often times take years to pay off. If you’ve had an extravagant wedding and found yourself in financial difficulties, always seek financial assistance sooner rather than later. The sooner you act, the more options will be available. For any financial guidance regarding your personal circumstances, get in touch with Bankruptcy Experts Parramatta on 1300 795 575, or visit our website for further information: www.bankruptcyexpertsparramatta.com.au