Most of us have a fair understanding that weddings can be an expensive pursuit, but do you really understand how much the average wedding costs in Australia? Slightly over $36,000, according to Australia’s Money Smart website. And that was in 2012! Today, it’s likely somewhere around the $50,000 mark. I suppose if you have rich parents it wouldn’t be a problem, but unfortunately many of us don’t.
Let’s admit it, $50,000 is a bunch of money! You could purchase a company, place a deposit on a new house, settle your student loans, or even travel the world! The reality 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 love 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 group of friends, and two of them managed to pull off the most extraordinary weddings on a shoestring. Naturally, it didn’t consist of classy bridesmaid parties and catering for 300 guests, but it was unique, intimate, and every person who attended had the time of their lives. If you’re about to get married on a budget and looking at ways to save money, then here’s how.
There’s numerous 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 choices you could consider is hiring a neighbourhood park for the day, or maybe the beach. The atmosphere is spectacular, 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 area, just don’t forget to speak with the local council and make reservations well in advance.
Even though many people prefer their weddings on a Saturday, the prices of venues are far more expensive on Saturday than any other day of the week. Look into having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will likewise have a dramatic effect on the rates of your venue. If you’re dead-set on having your wedding reception in an indoor location, then schedule your wedding date in winter and you’ll save approximately a third of the costs for venue hire itself.
The fees of a professional photographer will generally cost around $4,000 for the whole day. With the incredible specs of smartphone cameras nowadays, think of hiring a professional photographer only for the formalities and ask your friends to take photos over the course of your wedding. You can make a hashtag on Twitter and ask your friends to upload their pics, ensuring that there’ll be lots of natural pictures that reflect the true spirit of your special day.
Food & Drinks
If you really wish to save money, then catering firms are your top target! They charge enormous prices and aren’t really necessary whatsoever. Consider 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 into 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 delicious sauce and cheesy smashed potatoes! Always remember that most of the time, being original is far more memorable than being conventional. In addition, try to find a venue that permits you to bring your own alcohol. You’ll save a heap 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 people to borrow money to finance their weddings, not grasping 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 pay off. If you’ve had a lavish wedding and found yourself in financial distress, always seek financial guidance sooner rather than later. The sooner you take action, the more choices will be available. For any financial advice regarding your personal circumstances, talk to Bankruptcy Experts Tennant Creek on 1300 795 575, or visit our website for more information: www.bankruptcyexpertstennantcreek.com.au