We all have a fair understanding that weddings can be a costly pursuit, but do you really know just 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 likely somewhere around the $50,000 mark. I suppose if you have rich parents it wouldn’t be a concern, but unfortunately many of us don’t.
Let’s face it, $50,000 is a bunch of money! You could buy a business, put a deposit on a new home, pay off your student loans, or maybe travel the world! The truth is though, weddings are a celebration of two people who commit to spending 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.
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 extraordinary weddings on a shoestring. Obviously, it didn’t consist of extravagant bridesmaid parties and catering for 500 guests, but it was intimate, unique, and everyone who came 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 stylish weddings I attended was in the garden of a friend’s house. Other choices you could contemplate is hiring a local park for the day, or maybe the beach. The atmosphere is extraordinary, you can customise your wedding to exactly how you want it, and the costs are tremendously low. If you opt to have your wedding in a public area, just remember to speak with the local council and book well ahead of time.
Although lots of people prefer their weddings on a Saturday, the rates of venues are far more expensive on Saturday than any other day of the week. Consider 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 rates of your venue. If you’re dead-set on having your wedding reception in an indoor location, then schedule your wedding date in winter and you’ll save roughly a third of the costs for venue hire.
The cost of a professional photographer will frequently cost about $4,000 for the whole day. With the outstanding specs of smartphone cameras nowadays, look at hiring a professional photographer only for the formalities and ask your buddies to take pictures throughout the duration of your wedding celebrations. You can make a hashtag on Twitter and get your friends to upload their pictures, ensuring that there’ll be loads of natural pictures that mirror the true spirit of your special day.
Food & Drinks
If you really want to save money, then catering companies are your top target! They charge exorbitant prices and aren’t all that necessary. Contemplate preparing 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 into hiring a friend to roast a whole pig in the ground and make the sides by 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 different is far more memorable than being traditional. Moreover, try to find a venue that allows you to bring your own alcohol. You’ll save a bunch of money this way, and you’ll have the ability to negotiate a sizeable discount when buying in bulk.
Don’t Borrow Money
It’s not unusual for people to borrow money to finance their weddings, not understanding how difficult 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 distress, always seek financial assistance sooner rather than later. The sooner you act, the more possibilities will be available. For any financial advice regarding your personal situation, talk with Bankruptcy Experts Penrith on 1300 795 575, or visit our website for further info: www.bankruptcyexpertspenrith.com.au