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April 6, 2018Comments Closed

Weddings On A Budget – Tips On How To Save Money When Getting Married

Posted by:Bankruptcy Specialist onApril 6, 2018

Most of us have a fairly good understanding that weddings can be a costly pursuit, but do you really know how much the average wedding costs in Australia? A bit over $36,000, based on Australia’s Money Smart website. And that was in 2012! These days, it’s quite likely somewhere around the $50,000 mark. I guess 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 considerable amount of money! You could buy a business, put a down payment on a property, pay off your student loans, or maybe travel the world! The fact is though, weddings are a celebration of two people who commit to spending the rest of their lives together. Sure, we ‘d all prefer to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.

Although I’ve never been married personally, I have a close group of friends, and two of them managed to pull off the most extraordinary weddings on a shoestring. Indeed, it didn’t involve expensive bridesmaid parties and catering for 300 guests, but it was unique, intimate, 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 many ways to save thousands of dollars on your wedding location alone. One of the most spectacular weddings I attended was in the backyard of a friend’s house. Other choices you could look into is hiring a community park for the day, or perhaps the beach. The ambience is magnificent, you can personalise your wedding to precisely how you want it, and the costs are unbelievably low. If you make the decision to have your wedding in a public place, just don’t forget to speak to the local council and book well in advance.

Wedding Date
While the majority of people prefer their weddings on a Saturday, the costs of venues are much 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 also have a substantial influence on the fees 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 more or less a third of the costs for venue hire itself.

The fees of a professional photographer will commonly cost around $4,000 for the entire day. With the incredible specs of smartphone cameras nowadays, think about hiring a professional photographer only for the formalities and ask your friends to take photos over the course of your wedding. You can create a hashtag on Twitter and get your friends to post their pictures, ensuring that there’ll be lots of natural photos that resonate the true spirit of your special day.

Food & Drinks
If you really intend to save money, then catering firms are your key target! They charge exorbitant prices and aren’t really necessary at all. Contemplate 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 consider hiring somebody 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! Remember that most of the time, being original is much more memorable than being traditional. Moreover, search for a venue that enables you to bring your own alcohol. You’ll save a heap of money this way, and you’ll have the chance to arrange a substantial discount when buying in bulk.

Don’t Borrow Money
It’s not unusual for couples to borrow money to cover their weddings, not grasping how hard 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 occasionally take years to repay. If you’ve had an extravagant wedding and found yourself in financial difficulties, always seek financial help sooner rather than later. The sooner you take action, the more options will be available. For any financial guidance regarding your personal circumstances, speak to Bankruptcy Wollongong on 1300 818 575, or visit our website for more info:

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