Most of us have a decent understanding that weddings can be a costly pursuit, but do you actually understand 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! Nowadays, it’s quite possibly somewhere around the $50,000 mark. I guess if you have rich parents it wouldn’t be an issue, but unfortunately the majority of us don’t.
Let’s face it, $50,000 is a considerable amount of money! You could purchase a company, place a down payment on a new house, pay off your student loans, or maybe travel the world! The fact 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 like to have the wedding of our dreams, but we shouldn’t forget what’s really important.
While I’ve never married personally, I have a close circle of friends, and two of them managed to pull off the most extraordinary weddings on a shoestring. Obviously, it didn’t feature extravagant bridesmaid parties and catering for 400 guests, but it was intimate, unique, and everyone 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 many ways to save thousands of dollars on your wedding venue. One of the most breathtaking weddings I attended was in the backyard of a friend’s house. Other alternatives you could consider is hiring a community park for the day, or even the beach. The ambience is incredible, you can customise your wedding to precisely how you want it, and the costs are unbelievably low. If you choose to have your wedding in a public area, just remember to speak with the local council and make reservations well ahead of time.
Although many people prefer their weddings on a Saturday, the prices of venues are far more pricey 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 additionally have a dramatic effect on the cost 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 approximately a third of the costs for venue hire itself.
The price of a professional photographer will commonly cost around $4,000 for the whole day. With the exceptional specs of smartphone cameras these days, contemplate hiring a professional photographer just for the formalities and ask your friends to take pictures over the course of your wedding. You can create a hashtag on Twitter and ask your friends to post their pics, ensuring that there’ll be an abundance of natural photos that reflect the true spirit of your special day.
Food & Drinks
If you really want to save money, then catering businesses are your key target! They charge enormous prices and aren’t all that necessary. Think about organising your own food and drinks and don’t hesitate to go against the grain here.
You could hire a wood fire pizza truck that serves gourmet pizza, or look at 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 mouth watering sauce and cheesy smashed potatoes! Always remember that most of the time, being original is much more memorable than being traditional. Equally, try to find a venue that enables you to bring your own alcohol. You’ll save a bunch 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 uncommon for couples to borrow money to cover their weddings, not grasping how challenging 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 lavish wedding and found yourself in financial distress, always seek financial assistance sooner rather than later. The sooner you take action, the more options will be available. For any financial guidance regarding your personal situation, talk with Bankruptcy Experts Kalgoorlie on 1300 795 575, or visit our website for additional information: Bankruptcy Kalgoorlie