We all have a fair understanding that weddings can be a costly exercise, but do you really know 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! Nowadays, it’s probably somewhere around the $50,000 mark. I guess if you have wealthy parents it wouldn’t be an issue, but unfortunately many of us don’t.
Let’s admit it, $50,000 is a great deal of money! You could buy a company, place a down payment on a property, pay off your student loans, or perhaps travel the world! The fact is though, weddings are a celebration of two people who commit to devoting the rest of their lives with each other. Sure, we ‘d all prefer 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 group of friends, and two of them managed to pull off the most splendid weddings on a shoestring. Needless to say, it didn’t involve expensive bridesmaid parties and catering for 400 guests, but it was unique, intimate, and everyone who attended 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 plenty of ways to save thousands of dollars on your wedding location alone. One of the most gorgeous weddings I was invited to was in the garden of a friend’s house. Other alternatives you could look into is hiring a community park for the day, or perhaps the beach. The ambience is magnificent, you can customise your wedding to exactly how you want it, and the costs are remarkably low. If you make the decision to have your wedding in a public place, just don’t forget to speak with the local council and book well in advance.
Although the majority of people prefer their weddings on a Saturday, the prices of venues are much more expensive 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 similarly have a considerable impact on the fees of your venue. If you’re dead-set on having your wedding reception in an indoor area, then organise your wedding date in winter and you’ll save roughly a third of the costs for venue hire itself.
The price of a professional photographer will generally cost close to $4,000 for the entire day. With the impressive specs of smartphone cameras nowadays, think about hiring a professional photographer just for the formalities and ask your buddies to take pictures throughout the duration of your wedding. You can create a hashtag on Twitter and ask your friends to publish their pictures, ensuring that there’ll be plenty of natural photos that resonate the true spirit of your special day.
Food & Drinks
If you really intend to save money, then catering firms are your key target! They charge outrageous prices and aren’t all that necessary. Think about 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 serves 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 mouth watering sauce and cheesy smashed potatoes! Don’t forget that most of the time, being original is much more memorable than being traditional. 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 opportunity to negotiate a considerable discount when buying in bulk.
Don’t Borrow Money
It’s not unusual for couples to borrow money to pay for 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 sometimes take years to pay off. If you’ve had an extravagant wedding and found yourself in financial distress, always seek financial help sooner rather than later. The sooner you act, the more choices will be available. For any financial guidance regarding your personal circumstances, speak with Bankruptcy Experts Fremantle on 1300 795 575, or visit our website for additional info: www.bankruptcyexpertsfremantle.com.au