Most of us have a decent understanding that weddings can be an expensive exercise, 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! In today’s times, it’s quite possibly somewhere around the $50,000 mark. I suppose if you have rich parents it wouldn’t be a problem, but unfortunately most of us don’t.
Let’s face it, $50,000 is a great deal of money! You could buy a company, put a down payment on a property, repay your student loans, or perhaps travel the world! The truth is though, weddings are a celebration of two individuals who commit to devoting 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.
Although 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. Indeed, it didn’t feature extravagant bridesmaid parties and catering for 300 guests, but it was unique, intimate, and everyone who attended had the time of their lives. If you’re planning a wedding on a budget and trying to find ways to save money, then here’s how.
There’s loads of ways to save thousands of dollars on your wedding location. One of the most elegant weddings I attended was in the garden of a friend’s home. Other alternatives you could consider is hiring a community park for the day, or perhaps the beach. The environment is remarkable, you can customise your wedding to precisely how you want it, and the costs are exceptionally 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 lots of people prefer their weddings on a Saturday, the prices of venues are much 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 also have a substantial impact on the rates of your venue. If you’re dead-set on having your reception in an indoor location, then schedule your wedding date in winter and you’ll save about a third of the costs for venue hire.
The cost of a professional photographer will normally cost close to $4,000 for the entire day. With the exceptional specs of smartphone cameras these days, think about hiring a professional photographer only for the formalities and ask your friends to take photos throughout the duration of your wedding. You can create a hashtag on Twitter and ask your friends to post 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 firms are your prime target! They charge exorbitant prices and aren’t really necessary whatsoever. Contemplate putting together 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 somebody 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! Always remember that most of the time, being original is much more memorable than being conventional. Additionally, search for a venue that enables you to bring your own alcohol. You’ll save a heap of money this way, and you’ll be able to work out a sizeable discount when buying in bulk.
Don’t Borrow Money
It’s not out of the ordinary for couples to borrow money to pay for their weddings, not realising 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 sometimes take years to pay off. If you’ve had a lavish wedding and found yourself in financial hardship, always seek financial assistance sooner rather than later. The sooner you take action, the more choices will be available. For any financial guidance regarding your personal circumstances, call Gold Coast Bankruptcy Centre on 1300 795 575, or visit our website for further information: www.goldcoastbankruptcycentre.com.au