We all have a fairly good understanding that weddings can be a costly pursuit, but do you really understand just how much the average wedding costs in Australia? Slightly over $36,000, according to Australia’s Money Smart website. And that was in 2012! In today’s times, it’s quite possibly somewhere around the $50,000 mark. I guess if you have well-off parents it wouldn’t be a problem, but unfortunately most of us don’t.
Let’s face it, $50,000 is a great deal of money! You could purchase a business, put a down payment on a property, repay 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 together. Sure, we ‘d all like to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.
While I’ve never married myself, I have a close circle of friends, and two of them managed to pull off the most mind-blowing weddings on a shoestring. Indeed, it didn’t include extravagant bridesmaid parties and catering for 400 guests, but it was intimate, unique, and almost everyone who came 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 a number of ways to save thousands of dollars on your wedding venue alone. One of the most wonderful weddings I was invited to was in the garden of a friend’s home. Other alternatives you could consider is hiring a neighbourhood park for the day, or perhaps the beach. The environment is extraordinary, you can personalise your wedding to exactly how you want it, and the costs are incredibly low. If you decide to have your wedding in a public place, just don’t forget to talk with the local council and make reservations well ahead of time.
While many people prefer their weddings on a Saturday, the prices of venues are far more costly 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 similarly have a considerable effect on the rates of your venue. If you’re dead-set on having your reception in an indoor location, then organise your wedding date in winter and you’ll save roughly a third of the costs for venue hire itself.
The fees of a professional photographer will usually cost around $4,000 for the entire day. With the impressive specs of smartphone cameras these days, contemplate hiring a professional photographer only for the formalities and ask your friends to take photos over the course of your wedding. You can create a hashtag on Twitter and ask your friends to upload their pics, ensuring that there’ll be an abundance of natural pictures that reflect the true spirit of your special day.
Food & Drinks
If you really want to save money, then catering companies are your key target! They charge enormous prices and aren’t all that necessary. Consider organising 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 consider hiring a professional 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 tasty sauce and cheesy smashed potatoes! Always remember that most of the time, being unique is far more memorable than being customary. Additionally, search for a venue that permits you to bring your own alcohol. You’ll save a bunch of money this way, and you’ll have the ability to work out a significant discount when buying in bulk.
Don’t Borrow Money
It’s not uncommon for newlyweds to borrow money to cover their weddings, not grasping how difficult it can be to repay. 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 distress, always seek financial assistance sooner rather than later. The sooner you act, the more options will be available. For any financial guidance regarding your personal circumstances, speak to Bankruptcy Experts Toowoomba on 1300 795 575, or visit our website for further information: www.bankruptcyexpertstoowoomba.com.au