We all have a pretty good understanding that weddings can be a costly pursuit, but do you really know 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 quite likely somewhere around the $50,000 mark. I suppose if you have rich parents it wouldn’t be an issue, but unfortunately many of us don’t.
Let’s face it, $50,000 is a bunch of money! You could purchase a company, put a down payment on a new house, settle your student loans, or even travel the world! The truth 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 lose sight of what’s really important.
Whilst I’ve never been married personally, I have a close group of friends, and two of them managed to pull off the most remarkable weddings on a shoestring. Indeed, it didn’t feature expensive bridesmaid parties and catering for 500 guests, but it was intimate, unique, and everyone who came had the time of their lives. If you’re about to get married on a budget and trying to find ways to save money, then here’s how.
There’s many ways to save thousands of dollars on your wedding venue. One of the most magnificent weddings I attended was in the backyard of a friend’s house. Other options you could look into is hiring a neighbourhood park for the day, or perhaps the beach. The ambience is magnificent, you can personalise your wedding to precisely how you want it, and the costs are exceptionally low. If you decide to have your wedding in a public location, just remember to talk with the local council and make reservations well in advance.
While the majority of people prefer their weddings on a Saturday, the prices of venues are much more pricey 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 dramatic influence on the cost of your venue. If you’re dead-set on having your reception in an indoor area, then organise your wedding date in winter and you’ll save around a third of the costs for venue hire.
The price of a professional photographer will typically cost roughly $4,000 for the entire day. With the outstanding specs of smartphone cameras these days, contemplate hiring a professional photographer just 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 an abundance of natural pictures that emulate the true spirit of your special day.
Food & Drinks
If you really intend to save money, then catering companies are your primary target! They charge extravagant 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 consider 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 delicious sauce and cheesy smashed potatoes! Don’t forget that most of the time, being unique is much more memorable than being traditional. Also, try to find a venue that allows you to bring your own alcohol. You’ll save a bunch of money this way, and you’ll have the opportunity to discuss a significant discount when buying in bulk.
Don’t Borrow Money
It’s not out of the ordinary for newlyweds to borrow money to fund their weddings, not knowing how difficult it can be to pay back. Not only will you be paying for the wedding itself, but also interest on top of that, which can occasionally take years to pay off. If you’ve had a lavish wedding and found yourself in financial difficulties, always seek financial guidance sooner rather than later. The sooner you act, the more choices will be available. For any financial advice regarding your personal situation, reach out to Bankruptcy Experts Townsville on 1300 795 575, or visit our website for additional details: Declaring Bankruptcy Townsville