Most of us have a fairly good understanding that weddings can be an expensive pursuit, but do you actually understand how much the average wedding costs in Australia? A bit over $36,000, based on Australia’s Money Smart website. And that was in 2012! At present, it’s most likely 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 huge amount of money! You could buy a business, put a down payment on a new house, repay your student loans, or perhaps travel the world! The reality is though, weddings are a celebration of two individuals who commit to devoting the rest of their lives together. Sure, we ‘d all love to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.
While I’ve never been married myself, I have a close group of friends, and two of them managed to pull off the most memorable weddings on a shoestring. Naturally, it didn’t feature expensive bridesmaid parties and catering for 400 guests, but it was unique, intimate, and everybody 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 location. One of the most spectacular weddings I attended was in the garden of a friend’s home. Other options you could think about is hiring a community park for the day, or even the beach. The ambience is remarkable, you can personalise your wedding to exactly how you want it, and the costs are unbelievably low. If you decide to have your wedding in a public location, just don’t forget to speak to the local council and make reservations well in advance.
Whilst many 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 into having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will also have a considerable impact 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 more or less a third of the costs for venue hire.
The fees of a professional photographer will normally cost around $4,000 for the entire 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 pictures over the course of your wedding. You can create a hashtag on Twitter and get your friends to publish their pictures, ensuring that there’ll be an abundance of natural photos that resonate the true spirit of your special day.
Food & Drinks
If you really intend to save money, then catering companies are your top target! They charge enormous prices and aren’t all that necessary. Consider 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 offers gourmet pizza, or consider hiring a friend 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 scrumptious sauce and cheesy smashed potatoes! Always remember that most of the time, being different is far more memorable than being traditional. Additionally, search for a venue that permits you to bring your own alcohol. You’ll save a stack of money this way, and you’ll have the ability to arrange a substantial 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 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 frequently take years to repay. If you’ve had an extravagant wedding and found yourself in financial trouble, always seek financial guidance sooner rather than later. The sooner you act, the more choices will be available. For any financial assistance regarding your personal circumstances, phone Bankruptcy Experts Northern Rivers on 1300 795 575, or visit our website for more info: www.bankruptcyexpertsnorthernrivers.com.au