We all have a fairly good understanding that weddings can be an expensive exercise, but do you actually know 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! At present, it’s quite likely somewhere around the $50,000 mark. I guess if you have wealthy parents it wouldn’t be an issue, but unfortunately most of us don’t.
Let’s admit it, $50,000 is a considerable amount of money! You could purchase a company, place a deposit on a new home, repay your student loans, or even travel the world! The truth 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 like to have the wedding of our dreams, but we shouldn’t forget what’s really important.
Although I’ve never been married myself, I have a close circle of friends, and two of them managed to pull off the most extraordinary weddings on a shoestring. Indeed, it didn’t involve costly bridesmaid parties and catering for 500 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 at ways to save money, then here’s how.
There’s plenty of ways to save thousands of dollars on your wedding venue alone. One of the most stylish weddings I was invited to was in the backyard of a friend’s house. Other options you could look into is hiring a local park for the day, or perhaps the beach. The ambience is fantastic, you can customise your wedding to precisely how you want it, and the costs are unbelievably low. If you make the decision to have your wedding in a public area, just don’t forget to talk to the local council and make reservations well in advance.
While lots of people prefer their weddings on a Saturday, the costs of venues are much more pricey on Saturday than any other day of the week. Contemplate having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will also have a dramatic influence on the cost of your venue. If you’re dead-set on having your reception in an indoor area, then book your wedding date in winter and you’ll save roughly a third of the costs for venue hire itself.
The cost of a professional photographer will normally cost about $4,000 for the whole day. With the exceptional specs of smartphone cameras these days, consider hiring a professional photographer only for the formalities and ask your buddies to take photos over the course of your wedding celebrations. You can create a hashtag on Twitter and get your friends to publish their photos, ensuring that there’ll be plenty of natural pictures that resonate 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 exorbitant prices and aren’t all that necessary. Consider putting together 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 look into hiring an expert 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 traditional. Also, try to find a venue that allows you to bring your own alcohol. You’ll save a heap of money this way, and you’ll be able to negotiate a substantial discount when buying in bulk.
Don’t Borrow Money
It’s not uncommon for couples to borrow money to pay for their weddings, not understanding how difficult it can be to pay back. 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 an extravagant wedding and found yourself in financial distress, always seek financial advice sooner rather than later. The sooner you act, the more possibilities will be available. For any financial advice regarding your personal situation, talk to Bankruptcy Experts Gold Coast on 1300 879 867, or visit our website for further information: www.bankruptcyexpertsgoldcoast.com.au