We all have a decent understanding that weddings can be a costly 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 probably somewhere around the $50,000 mark. I guess if you have rich parents it wouldn’t be a concern, but unfortunately the majority of us don’t.
Let’s face it, $50,000 is a considerable amount 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 individuals who commit to spending the rest of their lives with each other. Sure, we ‘d all want to have the wedding of our dreams, but we shouldn’t forget what’s really important.
Although I’ve never married myself, I have a close group of friends, and two of them managed to pull off the most extraordinary weddings on a shoestring. Needless to say, it didn’t include classy bridesmaid parties and catering for 400 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 looking for ways to save money, then here’s how.
There’s plenty of ways to save thousands of dollars on your wedding venue alone. One of the most stunning weddings I was invited to was in the garden of a friend’s house. Other options you could look into is hiring a local park for the day, or perhaps the beach. The atmosphere is amazing, you can personalise your wedding to exactly how you want it, and the costs are unbelievably low. If you choose to have your wedding in a public area, just remember to speak with the local council and book well in advance.
Although the majority of people prefer their weddings on a Saturday, the costs 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 also have a considerable effect on the fees of your venue. If you’re dead-set on having your wedding reception in an indoor location, then book your wedding date in winter and you’ll save roughly a third of the costs for venue hire itself.
The cost of a professional photographer will often cost around $4,000 for the whole day. With the incredible specs of smartphone cameras nowadays, look into hiring a professional photographer only for the formalities and ask your friends to take pictures throughout the duration of your wedding. You can make a hashtag on Twitter and ask your friends to publish 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 businesses are your key target! They charge exorbitant prices and aren’t all that necessary. Think about preparing 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 into 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 scrumptious sauce and cheesy smashed potatoes! Remember that most of the time, being different is much more memorable than being conventional. 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 be able to arrange a significant discount when buying in bulk.
Don’t Borrow Money
It’s not out of the ordinary for couples to borrow money to finance their weddings, not understanding how tough 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 in some cases take years to repay. If you’ve had an extravagant wedding and found yourself in financial trouble, always seek financial assistance sooner rather than later. The sooner you take action, the more options will be available. For any financial advice regarding your personal circumstances, get in contact with Bankruptcy Experts Coffs Harbour on 1300 795 575, or visit our website for more information: www.bankruptcyexpertscoffsharbour.com.au