Most of us have a fairly good understanding that weddings can be an expensive exercise, but do you actually understand just how much the average wedding costs in Australia? A little over $36,000, based on Australia’s Money Smart website. And that was in 2012! Today, it’s probably somewhere around the $50,000 mark. I guess if you have wealthy parents it wouldn’t be an issue, but unfortunately the majority of us don’t.
Let’s face it, $50,000 is a great deal of money! You could purchase a company, put a down payment on a new home, settle your student loans, or perhaps travel the world! The fact is though, weddings are a celebration of two people who commit to spending the rest of their lives together. Sure, we ‘d all prefer to have the wedding of our dreams, but we shouldn’t forget what’s really important.
While I’ve never walked down the aisle personally, I have a close circle of friends, and two of them managed to pull off the most remarkable weddings on a shoestring. Naturally, it didn’t feature luxurious bridesmaid parties and catering for 300 guests, but it was unique, intimate, and almost everyone who came 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 many ways to save thousands of dollars on your wedding venue alone. One of the most gorgeous weddings I attended was in the backyard of a friend’s house. Other alternatives you could look into is hiring a community park for the day, or perhaps the beach. The atmosphere is amazing, you can personalise your wedding to precisely how you want it, and the costs are remarkably low. If you opt to have your wedding in a public location, just remember to phone the local council and book well in advance.
While many people prefer their weddings on a Saturday, the rates 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 also have a substantial impact on the cost of your venue. If you’re dead-set on having your wedding reception in an indoor location, then reserve 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 generally cost about $4,000 for the entire day. With the impressive specs of smartphone cameras nowadays, think about hiring a professional photographer just for the formalities and ask your friends to take pictures over the course of your wedding celebrations. You can make a hashtag on Twitter and get your friends to upload their pics, ensuring that there’ll be loads of natural photos that emulate the true spirit of your special day.
Food & Drinks
If you really intend to save money, then catering businesses are your key target! They charge exorbitant prices and aren’t really necessary whatsoever. Consider organising 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 offers gourmet pizza, or consider 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 tasty sauce and cheesy smashed potatoes! Don’t forget that most of the time, being original is far more memorable than being customary. Moreover, look for a venue that allows you to bring your own alcohol. You’ll save a bundle of money this way, and you’ll have the ability to arrange a substantial discount when buying in bulk.
Don’t Borrow Money
It’s not out of the ordinary for people to borrow money to finance their weddings, not understanding 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 repay. If you’ve had a luxurious wedding and found yourself in financial difficulties, always seek financial advice sooner rather than later. The sooner you take action, the more possibilities will be available. For any financial guidance regarding your personal situation, get in touch with Bankruptcy Experts Cairns on 1300 795 575, or visit our website for additional details: www.bankruptcyexpertscairns.com.au