Most of us have a decent understanding that weddings can be a costly pursuit, but do you actually understand how much the average wedding costs in Australia? Slightly 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 suppose if you have well-off parents it wouldn’t be an issue, but unfortunately most of us don’t.
Let’s face it, $50,000 is a huge amount of money! You could purchase a company, place a down payment on a new home, pay off your student loans, or perhaps travel the world! The reality is though, weddings are a celebration of two people 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 lose sight of what’s really important.
Whilst I’ve never been married myself, I have a close group of friends, and two of them managed to pull off the most unforgettable weddings on a shoestring. Needless to say, it didn’t involve luxurious bridesmaid parties and catering for 300 guests, but it was unique, intimate, and everyone who came had the time of their lives. If you’re organising a wedding 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. One of the most spectacular weddings I was invited to was in the backyard of a friend’s home. Other options you could think about is hiring a neighbourhood park for the day, or maybe the beach. The environment is amazing, you can customise your wedding to precisely how you want it, and the costs are remarkably low. If you make the decision to have your wedding in a public location, just don’t forget to talk with the local council and make reservations well in advance.
Whilst most people prefer their weddings on a Saturday, the prices of venues are far more pricey on Saturday than any other day of the week. Consider having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will also have a dramatic effect on the cost of your venue. If you’re dead-set on having your reception in an indoor area, then book 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 usually cost around $4,000 for the entire day. With the incredible specs of smartphone cameras nowadays, look at hiring a professional photographer only for the formalities and ask your buddies to take pictures over the course of your wedding. You can create a hashtag on Twitter and ask your friends to upload their pictures, ensuring that there’ll be loads of natural photos that emulate the true spirit of your special day.
Food & Drinks
If you really wish to save money, then catering companies are your top target! They charge enormous prices and aren’t really necessary at all. Think about preparing 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 at hiring an expert 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! Always remember that most of the time, being unique is far more memorable than being customary. Furthermore, search for a venue that enables you to bring your own alcohol. You’ll save a pile of money this way, and you’ll have the chance to arrange a sizeable discount when buying in bulk.
Don’t Borrow Money
It’s not uncommon for people to borrow money to finance their weddings, not knowing how tough it can be to repay. Not only will you be paying for the wedding itself, but also interest on top of that, which can often times take years to repay. 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 guidance regarding your personal circumstances, talk to Bankruptcy Experts Rockhampton on 1300 795 575, or visit our website for further information: Bankruptcy Rockhampton