We all have a pretty good understanding that weddings can be an expensive exercise, but do you actually understand just how much the average wedding costs in Australia? A bit over $36,000, according to Australia’s Money Smart website. And that was in 2012! At present, it’s most probably somewhere around the $50,000 mark. I suppose if you have wealthy parents it wouldn’t be a problem, but unfortunately most of us don’t.
Let’s face it, $50,000 is a huge amount of money! You could purchase a company, put a deposit on a new house, pay off your student loans, or even 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 want to have the wedding of our dreams, but we shouldn’t forget what’s really important.
While I’ve never walked down the aisle personally, I have a close circle of friends, and two of them managed to pull off the most splendid weddings on a shoestring. Needless to say, it didn’t include classy bridesmaid parties and catering for 400 guests, but it was intimate, unique, and every person who came 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 many ways to save thousands of dollars on your wedding venue alone. One of the most breathtaking weddings I attended was in the garden of a friend’s home. Other choices you could think about is hiring a local park for the day, or maybe the beach. The environment is awesome, you can personalise your wedding to precisely how you want it, and the costs are extremely low. If you decide to have your wedding in a public area, just don’t forget to talk with the local council and make reservations well ahead of time.
Whilst lots of people prefer their weddings on a Saturday, the rates of venues are far more expensive on Saturday than any other day of the week. Think about having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will similarly have a considerable influence on the fees of your venue. If you’re dead-set on having your 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 price of a professional photographer will commonly cost roughly $4,000 for the entire day. With the outstanding specs of smartphone cameras nowadays, 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 ask your friends to publish their pics, ensuring that there’ll be lots of natural photos that emulate the true spirit of your special day.
Food & Drinks
If you really wish to save money, then catering firms are your primary target! They charge extravagant prices and aren’t all that necessary. Consider 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 offers gourmet pizza, or look at hiring a professional to roast a whole pig in the ground and make the sides yourself. For me, there’s nothing better than a pulled pork burger with delicious sauce and cheesy smashed potatoes! Remember that most of the time, being unique is much more memorable than being conventional. Also, search for a venue that allows you to bring your own alcohol. You’ll save a bundle of money this way, and you’ll have the ability to arrange a sizeable 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 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 often times take years to pay off. If you’ve had a luxurious wedding and found yourself in financial distress, always seek financial guidance sooner rather than later. The sooner you take action, the more choices will be available. For any financial guidance regarding your personal situation, get in contact with Bankruptcy Experts Port Stephens on 1300 795 575, or visit our website for additional details: www.bankruptcyexpertsportstephens.com.au