Most of us have a pretty good understanding that weddings can be an expensive pursuit, but do you actually know how much the average wedding costs in Australia? Slightly over $36,000, based on Australia’s Money Smart website. And that was in 2012! At present, it’s most likely somewhere around the $50,000 mark. I guess 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 great deal of money! You could purchase a business, place a down payment on a new home, pay off your student loans, or even travel the world! The reality 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 love to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.
Even though I’ve never married personally, I have a close circle of friends, and two of them managed to pull off the most remarkable weddings on a shoestring. Of course, it didn’t include expensive bridesmaid parties and catering for 500 guests, but it was intimate, unique, and everybody who attended had the time of their lives. If you’re organising a wedding on a budget and trying to find 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 gorgeous weddings I attended was in the backyard of a friend’s home. Other alternatives you could look into is hiring a neighbourhood park for the day, or even the beach. The environment is awesome, you can customise your wedding to exactly how you want it, and the costs are unbelievably low. If you opt to have your wedding in a public place, just remember to consult with the local council and book well in advance.
Even though many people prefer their weddings on a Saturday, the costs 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 likewise have a significant impact on the fees of your venue. If you’re dead-set on having your reception in an indoor location, then organise your wedding date in winter and you’ll save around a third of the costs for venue hire.
The fees of a professional photographer will normally cost close to $4,000 for the whole day. With the outstanding specs of smartphone cameras these days, look at hiring a professional photographer just for the formalities and ask your buddies to take pictures over the course of your wedding. You can make a hashtag on Twitter and get your friends to upload their photos, ensuring that there’ll be an abundance of natural pictures that emulate the true spirit of your special day.
Food & Drinks
If you really want to save money, then catering companies are your key target! They charge outrageous prices and aren’t all that necessary. Think about putting together 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 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 mouth watering sauce and cheesy smashed potatoes! Don’t forget that most of the time, being original is much more memorable than being customary. In addition, search for a venue that enables you to bring your own alcohol. You’ll save a stack of money this way, and you’ll have the chance to discuss a significant discount when buying in bulk.
Don’t Borrow Money
It’s not out of the ordinary for newlyweds to borrow money to finance their weddings, not knowing how challenging 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 frequently take years to pay off. If you’ve had a lavish wedding and found yourself in financial distress, always seek financial advice sooner rather than later. The sooner you act, the more options will be available. For any financial guidance regarding your personal situation, speak to Bankruptcy Experts Darwin on 1300 795 575, or visit our website for additional details: www.bankruptcyexpertsdarwin.com.au