We all have a pretty good understanding that weddings can be an expensive pursuit, but do you actually 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! Nowadays, it’s quite possibly somewhere around the $50,000 mark. I suppose if you have wealthy parents it wouldn’t be a concern, 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 deposit on a new house, repay your student loans, or perhaps 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 forget what’s really important.
Although 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 memorable weddings on a shoestring. Naturally, it didn’t feature classy bridesmaid parties and catering for 500 guests, but it was intimate, unique, and everybody who attended had the time of their lives. If you’re organising a wedding on a budget and looking at ways to save money, then here’s how.
There’s plenty of ways to save thousands of dollars on your wedding venue. One of the most elegant weddings I attended was in the backyard of a friend’s house. Other alternatives you could contemplate is hiring a neighbourhood park for the day, or perhaps the beach. The atmosphere is extraordinary, you can personalise your wedding to precisely how you want it, and the costs are tremendously low. If you make the decision to have your wedding in a public location, just remember to consult with the local council and make reservations well ahead of time.
Whilst the majority of people prefer their weddings on a Saturday, the costs of venues are much more expensive 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 also 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 close to a third of the costs for venue hire.
The cost of a professional photographer will frequently cost about $4,000 for the whole day. With the remarkable specs of smartphone cameras these days, consider hiring a professional photographer just for the formalities and ask your buddies to take photos throughout the duration of your wedding. You can make a hashtag on Twitter and ask your friends to upload their photos, ensuring that there’ll be loads of natural pictures that resonate the true spirit of your special day.
Food & Drinks
If you really want to save money, then catering businesses are your primary target! They charge outrageous prices and aren’t really necessary whatsoever. Consider arranging 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! Don’t forget that most of the time, being original is far more memorable than being traditional. Moreover, search for a venue that allows you to bring your own alcohol. You’ll save a heap of money this way, and you’ll have the opportunity to work out a significant discount when buying in bulk.
Don’t Borrow Money
It’s not unusual for couples to borrow money to finance their weddings, not realising how challenging 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 repay. If you’ve had a luxurious wedding and found yourself in financial hardship, always seek financial help sooner rather than later. The sooner you act, the more possibilities will be available. For any financial advice regarding your personal situation, call Bankruptcy Experts Ipswich on 1300 795 575, or visit our website for additional information: www.bankruptcyexpertsipswich.com.au