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April 6, 20180

Weddings On A Budget – How To Save Money When Getting Hitched

Posted by:Bankruptcy Specialist onApril 6, 2018

We all have a fair understanding that weddings can be a costly exercise, but do you really understand how much the average wedding costs in Australia? Slightly over $36,000, based on Australia’s Money Smart website. And that was in 2012! These days, it’s quite possibly somewhere around the $50,000 mark. I suppose if you have wealthy parents it wouldn’t be an issue, but unfortunately many of us don’t.

Let’s admit it, $50,000 is a lot of money! You could buy a company, put a deposit on a property, repay your student loans, or perhaps travel the world! The reality is though, weddings are a celebration of two individuals who commit to devoting the rest of their lives together. Sure, we ‘d all like to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.

Whilst I’ve never been married myself, I have a close circle of friends, and two of them managed to pull off the most unforgettable weddings on a shoestring. Needless to say, it didn’t include costly bridesmaid parties and catering for 300 guests, but it was unique, intimate, and almost everyone who attended had the time of their lives. If you’re planning a wedding on a budget and looking at ways to save money, then here’s how.

There’s numerous ways to save thousands of dollars on your wedding location. One of the most amazing weddings I attended was in the backyard of a friend’s house. Other options you could contemplate is hiring a neighbourhood park for the day, or maybe the beach. The ambience is fantastic, you can customise your wedding to exactly how you want it, and the costs are remarkably low. If you opt to have your wedding in a public area, just don’t forget to contact the local council and make reservations well in advance.

Wedding Date
Even though most people prefer their weddings on a Saturday, the rates of venues are much more costly on Saturday than any other day of the week. Look at having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will likewise have a considerable influence on the cost of your venue. If you’re dead-set on having your wedding reception in an indoor location, then book your wedding date in winter and you’ll save more or less a third of the costs for venue hire.

The price of a professional photographer will usually cost about $4,000 for the entire day. With the amazing specs of smartphone cameras nowadays, look at hiring a professional photographer just for the formalities and ask your buddies to take pictures throughout the duration of your wedding celebrations. You can create a hashtag on Twitter and ask your friends to publish their pics, ensuring that there’ll be lots 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 prime target! They charge extravagant prices and aren’t all that necessary. Think about arranging 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 someone 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 mouth watering sauce and cheesy smashed potatoes! Remember that most of the time, being different is much more memorable than being customary. Moreover, try to find a venue that permits you to bring your own alcohol. You’ll save a bundle of money this way, and you’ll have the ability to discuss a considerable discount when buying in bulk.

Don’t Borrow Money
It’s not uncommon for people to borrow money to finance their weddings, not understanding how tough 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 often times take years to pay off. 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 choices will be available. For any financial assistance regarding your personal situation, call Bankruptcy Canberra on 1300 818 575, or visit our website for further information:

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