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April 6, 2018Comments Closed

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

Posted by:Charles Bosse onApril 6, 2018

Most of us have a decent understanding that weddings can be a costly exercise, but do you actually understand just how much the average wedding costs in Australia? A bit over $36,000, according to Australia’s Money Smart website. And that was in 2012! In today’s times, it’s perhaps somewhere around the $50,000 mark. I guess if you have wealthy parents it wouldn’t be a problem, but unfortunately most of us don’t.

Let’s face it, $50,000 is a lot of money! You could buy a franchise, place a deposit on a property, pay off your student loans, or perhaps travel the world! The fact 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 prefer to have the wedding of our dreams, but we shouldn’t forget what’s really important.

Whilst 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 mind-blowing weddings on a shoestring. Indeed, it didn’t feature luxurious bridesmaid parties and catering for 400 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 spectacular weddings I attended was in the backyard of a friend’s home. Other alternatives you could contemplate is hiring a neighbourhood park for the day, or perhaps the beach. The environment is fantastic, you can personalise your wedding to precisely how you want it, and the costs are exceptionally low. If you opt to have your wedding in a public location, just don’t forget to contact the local council and make reservations well ahead of time.

Wedding Date
Whilst many people prefer their weddings on a Saturday, the costs of venues are far more expensive 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 fees 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 around a third of the costs for venue hire.

The cost of a professional photographer will commonly cost around $4,000 for the entire day. With the amazing specs of smartphone cameras these days, contemplate hiring a professional photographer only for the formalities and ask your buddies to take pictures throughout the duration of your wedding. You can create a hashtag on Twitter and get your friends to post their photos, ensuring that there’ll be plenty of natural photos that emulate the true spirit of your special day.

Food & Drinks
If you really want to save money, then catering firms are your prime target! They charge outrageous 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 into hiring a friend 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 tasty sauce and cheesy smashed potatoes! Don’t forget that most of the time, being unique is much more memorable than being traditional. Moreover, look for a venue that allows you to bring your own alcohol. You’ll save a bundle of money this way, and you’ll have the chance to work out a considerable discount when buying in bulk.

Don’t Borrow Money
It’s not out of the ordinary for people to borrow money to fund their weddings, not grasping how tough 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 repay. If you’ve had a luxurious wedding and found yourself in financial distress, always seek financial guidance sooner rather than later. The sooner you take action, the more choices will be available. For any financial advice regarding your personal situation, speak with Bankruptcy Sydney on 1300 818 575, or visit our website for additional information:

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