We all have a fairly good understanding that weddings can be a costly exercise, but do you really know 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 likely somewhere around the $50,000 mark. I suppose if you have wealthy parents it wouldn’t be a concern, but unfortunately the majority of us don’t.
Let’s admit it, $50,000 is a considerable amount of money! You could purchase a franchise, put a deposit on a new home, repay your student loans, or maybe travel the world! The reality is though, weddings are a celebration of two people who commit to devoting the rest of their lives together. Sure, we ‘d all like to have the wedding of our dreams, but we shouldn’t forget what’s really important.
While I’ve never married myself, I have a close group of friends, and two of them managed to pull off the most mind-blowing weddings on a shoestring. Of course, it didn’t consist of costly bridesmaid parties and catering for 400 guests, but it was intimate, unique, and everybody who came had the time of their lives. If you’re organising a wedding on a budget and trying to find ways to save money, then here’s how.
There’s a number of ways to save thousands of dollars on your wedding location alone. One of the most stylish weddings I attended was in the backyard of a friend’s house. Other alternatives you could look into is hiring a neighbourhood park for the day, or maybe the beach. The environment is spectacular, you can customise your wedding to exactly how you want it, and the costs are exceptionally low. If you choose to have your wedding in a public location, just remember to phone the local council and make reservations well in advance.
Even though many people prefer their weddings on a Saturday, the rates of venues are much 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 similarly have a substantial impact on the price of your venue. If you’re dead-set on having your wedding 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 price of a professional photographer will frequently cost around $4,000 for the entire day. With the exceptional specs of smartphone cameras nowadays, consider hiring a professional photographer just for the formalities and ask your friends to take photos over the course of your wedding. You can create a hashtag on Twitter and get your friends to upload their pictures, ensuring that there’ll be an abundance of natural pictures that reflect the true spirit of your special day.
Food & Drinks
If you really intend to save money, then catering businesses are your prime target! They charge extravagant prices and aren’t really necessary whatsoever. Contemplate 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 offers gourmet pizza, or consider hiring a friend 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! Always remember that most of the time, being unique is far more memorable than being customary. In addition, look for a venue that permits you to bring your own alcohol. You’ll save a heap of money this way, and you’ll have the ability to work out a sizeable discount when buying in bulk.
Don’t Borrow Money
It’s not unusual for newlyweds to borrow money to cover their weddings, not knowing how tough 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 in some cases take years to repay. If you’ve had a lavish wedding and found yourself in financial distress, always seek financial advice sooner rather than later. The sooner you take action, the more options will be available. For any financial guidance regarding your personal situation, talk to Bankruptcy Australia on 1300 795 575, or visit our website for more details: www.bankruptcy-australia.net.au