Most of us have a pretty good understanding that weddings can be an expensive exercise, but do you really understand just how much the average wedding costs in Australia? A little over $36,000, according to Australia’s Money Smart website. And that was in 2012! Nowadays, it’s most probably somewhere around the $50,000 mark. I suppose if you have wealthy parents it wouldn’t be a problem, but unfortunately the majority of us don’t.
Let’s face it, $50,000 is a lot of money! You could buy a business, 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 individuals who commit to spending the rest of their lives with each other. Sure, we ‘d all want to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.
Even though I’ve never walked down the aisle 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 include luxurious bridesmaid parties and catering for 300 guests, but it was unique, intimate, and everybody 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 numerous ways to save thousands of dollars on your wedding venue alone. One of the most beautiful weddings I attended was in the backyard of a friend’s home. Other alternatives you could think about is hiring a community park for the day, or maybe the beach. The atmosphere is awesome, you can customise your wedding to exactly how you want it, and the costs are extremely low. If you choose to have your wedding in a public place, just remember to phone the local council and book well ahead of time.
Whilst the majority of people prefer their weddings on a Saturday, the prices of venues are far more costly 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 additionally have a substantial impact on the cost of your venue. If you’re dead-set on having your reception in an indoor location, then reserve your wedding date in winter and you’ll save about a third of the costs for venue hire itself.
The price of a professional photographer will often cost close to $4,000 for the whole day. With the outstanding specs of smartphone cameras these days, think about hiring a professional photographer only for the formalities and ask your buddies to take pictures throughout the duration of your wedding celebrations. You can create a hashtag on Twitter and ask your friends to upload their pics, ensuring that there’ll be loads of natural pictures that reflect the true spirit of your special day.
Food & Drinks
If you really want to save money, then catering firms are your top target! They charge extravagant 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 offers gourmet pizza, or consider hiring a professional to roast a whole pig in the ground and make the sides on your own. 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 unique is much more memorable than being conventional. Similarly, look 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 negotiate a sizeable discount when buying in bulk.
Don’t Borrow Money
It’s not out of the ordinary for people to borrow money to fund their weddings, not knowing 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 occasionally take years to repay. If you’ve had a lavish wedding and found yourself in financial hardship, always seek financial guidance sooner rather than later. The sooner you act, the more options will be available. For any financial assistance regarding your personal situation, talk to Bankruptcy Experts Hobart on 1300 795 575, or visit our website for more information: www.bankruptcyexpertshobart.com.au