We all have a fair understanding that weddings can be a costly pursuit, 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 perhaps somewhere around the $50,000 mark. I guess if you have rich parents it wouldn’t be an issue, but unfortunately most of us don’t.
Let’s admit it, $50,000 is a great deal of money! You could buy a business, place a deposit on a new house, repay your student loans, or even travel the world! The reality is though, weddings are a celebration of two people who commit to spending the rest of their lives together. Sure, we ‘d all love to have the wedding of our dreams, but we shouldn’t forget what’s really important.
Even though 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 feature classy bridesmaid parties and catering for 400 guests, but it was unique, intimate, and everybody who came had the time of their lives. If you’re about to get married on a budget and trying to find ways to save money, then here’s how.
There’s a number of ways to save thousands of dollars on your wedding venue. One of the most gorgeous weddings I was invited to was in the backyard of a friend’s house. Other alternatives you could consider is hiring a neighbourhood park for the day, or even the beach. The ambience is remarkable, you can personalise your wedding to precisely how you want it, and the costs are extremely low. If you choose to have your wedding in a public area, just remember to consult with the local council and make reservations well ahead of time.
Although the majority of people prefer their weddings on a Saturday, the rates of venues are much more expensive on Saturday than any other day of the week. Think about having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will likewise have a substantial impact on the fees 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 approximately a third of the costs for venue hire.
The cost of a professional photographer will generally cost close to $4,000 for the entire day. With the remarkable specs of smartphone cameras these days, think of hiring a professional photographer only 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 pics, ensuring that there’ll be plenty of natural pictures that resonate the true spirit of your special day.
Food & Drinks
If you really intend to save money, then catering businesses are your prime target! They charge exorbitant prices and aren’t really necessary whatsoever. Think about arranging your own food and drinks and don’t be afraid to go against the grain here.
You could hire a wood fire pizza truck that serves gourmet pizza, or look at hiring a friend 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 scrumptious sauce and cheesy smashed potatoes! Remember that most of the time, being original is far more memorable than being customary. Similarly, try to find a venue that enables you to bring your own alcohol. You’ll save a stack of money this way, and you’ll have the ability to arrange a considerable discount when buying in bulk.
Don’t Borrow Money
It’s not uncommon for newlyweds to borrow money to cover their weddings, not realising how tough it can be to repay. 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 act, the more options will be available. For any financial assistance regarding your personal situation, reach out to Bankruptcy Melbourne on 1300 879 867, or visit our website for further information: www.bankruptcymelbourne.com