We all have a fairly good understanding that weddings can be an expensive exercise, 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 probably somewhere around the $50,000 mark. I suppose if you have well-off parents it wouldn’t be a problem, but unfortunately many of us don’t.
Let’s face it, $50,000 is a huge amount of money! You could purchase a business, place a down payment on a property, pay off your student loans, or perhaps 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 prefer to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.
Even though I’ve never married personally, I have a close circle of friends, and two of them managed to pull off the most remarkable weddings on a shoestring. Obviously, it didn’t involve classy bridesmaid parties and catering for 400 guests, but it was intimate, unique, and almost everyone who attended 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 numerous ways to save thousands of dollars on your wedding venue. One of the most breathtaking weddings I was invited to was in the garden of a friend’s house. Other alternatives you could consider is hiring a community park for the day, or perhaps the beach. The atmosphere is remarkable, you can customise your wedding to precisely how you want it, and the costs are incredibly low. If you opt to have your wedding in a public location, just don’t forget to talk with the local council and book well ahead of time.
Although many people prefer their weddings on a Saturday, the costs of venues are much more pricey 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 additionally have a dramatic influence on the rates 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 close to a third of the costs for venue hire itself.
The cost of a professional photographer will frequently cost about $4,000 for the whole day. With the outstanding specs of smartphone cameras nowadays, consider hiring a professional photographer only for the formalities and ask your friends to take pictures throughout the duration of your wedding celebrations. You can create a hashtag on Twitter and get your friends to upload their photos, ensuring that there’ll be an abundance of natural pictures that emulate the true spirit of your special day.
Food & Drinks
If you really wish to save money, then catering firms are your prime target! They charge exorbitant prices and aren’t all that necessary. Contemplate 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 offers gourmet pizza, or look at hiring an expert to roast a whole pig in the ground and make the sides on your own. For me, there’s nothing better than a pulled pork burger with tasty sauce and cheesy smashed potatoes! Always remember that most of the time, being unique is much more memorable than being customary. In addition, look for a venue that allows you to bring your own alcohol. You’ll save a pile of money this way, and you’ll have the opportunity to negotiate a sizeable discount when buying in bulk.
Don’t Borrow Money
It’s not unusual for people to borrow money to cover their weddings, not realising how hard 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 pay off. If you’ve had an extravagant wedding and found yourself in financial distress, always seek financial advice sooner rather than later. The sooner you take action, the more possibilities will be available. For any financial advice regarding your personal situation, get in contact with Bankruptcy Experts Maitland on 1300 795 575, or visit our website for more information: www.bankruptcyexpertsmaitland.com.au