Most of us have a decent understanding that weddings can be an expensive pursuit, but do you really know just how much the average wedding costs in Australia? A little over $36,000, based on Australia’s Money Smart website. And that was in 2012! These days, it’s most likely somewhere around the $50,000 mark. I guess if you have well-off parents it wouldn’t be a concern, but unfortunately the majority of us don’t.
Let’s face it, $50,000 is a lot of money! You could buy a company, place a deposit on a property, settle 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 with each other. Sure, we ‘d all like to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.
Although I’ve never been married myself, I have a close group of friends, and two of them managed to pull off the most extraordinary weddings on a shoestring. Indeed, it didn’t feature expensive 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 lots of ways to save thousands of dollars on your wedding venue. One of the most beautiful weddings I was invited to was in the backyard of a friend’s house. Other choices you could think about is hiring a neighbourhood park for the day, or perhaps the beach. The ambience is extraordinary, you can customise your wedding to precisely how you want it, and the costs are tremendously low. If you opt to have your wedding in a public area, just don’t forget to phone the local council and book well in advance.
Although most people prefer their weddings on a Saturday, the prices of venues are much more costly on Saturday than any other day of the week. Look at having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will likewise have a significant influence on the cost 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 approximately a third of the costs for venue hire.
The cost of a professional photographer will typically cost around $4,000 for the entire day. With the outstanding specs of smartphone cameras these days, contemplate hiring a professional photographer only 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 ask your friends to post their pictures, ensuring that there’ll be lots of natural photos that resonate the true spirit of your special day.
Food & Drinks
If you really want to save money, then catering firms are your key target! They charge extravagant prices and aren’t really necessary whatsoever. 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 someone 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! Don’t forget that most of the time, being unique is far more memorable than being traditional. Also, try to find 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 discuss a sizeable discount when buying in bulk.
Don’t Borrow Money
It’s not unusual for couples to borrow money to finance their weddings, not knowing how challenging it can be to pay back. 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 repay. If you’ve had a luxurious wedding and found yourself in financial hardship, always seek financial advice sooner rather than later. The sooner you act, the more possibilities will be available. For any financial advice regarding your personal circumstances, talk with Bankruptcy Experts Lismore on 1300 795 575, or visit our website for additional information: www.bankruptcyexpertslismore.com.au