Weddings On A Budget – Ways To Save Money When Getting Hitched
Most of us have a fairly good understanding that weddings can be a costly exercise, but do you really know just 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! At present, it’s most probably somewhere around the $50,000 mark. I suppose if you have wealthy parents it wouldn’t be a problem, but unfortunately the majority of us don’t.
Let’s admit it, $50,000 is a huge amount of money! You could purchase a company, put a down payment on a new house, repay your student loans, or maybe travel the world! The fact is though, weddings are a celebration of two individuals who commit to devoting the rest of their lives together. Sure, we ‘d all love to have the wedding of our dreams, but we shouldn’t forget what’s really important.
While 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 memorable weddings on a shoestring. Needless to say, it didn’t involve 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 for ways to save money, then here’s how.
There’s lots of ways to save thousands of dollars on your wedding venue. One of the most wonderful weddings I was invited to was in the backyard of a friend’s house. Other options you could think about is hiring a local park for the day, or perhaps the beach. The environment is astounding, you can personalise your wedding to precisely how you want it, and the costs are tremendously 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.
While most 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 significant impact on the fees of your venue. If you’re dead-set on having your wedding reception in an indoor area, then book your wedding date in winter and you’ll save roughly a third of the costs for venue hire itself.
The cost of a professional photographer will often cost close to $4,000 for the whole day. With the remarkable specs of smartphone cameras these days, think about hiring a professional photographer only for the formalities and ask your friends to take pictures throughout the duration of your wedding celebrations. You can create a hashtag on Twitter and ask your friends to post their photos, ensuring that there’ll be an abundance of natural pictures that reflect the true spirit of your special day.
Food & Drinks
If you really intend to save money, then catering businesses are your key target! They charge enormous prices and aren’t all that necessary. Consider 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 offers gourmet pizza, or look at hiring a professional 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 tasty sauce and cheesy smashed potatoes! Don’t forget that most of the time, being original is much more memorable than being conventional. Also, look for a venue that enables you to bring your own alcohol. You’ll save a bunch of money this way, and you’ll have the opportunity to work out a significant discount when buying in bulk.
Don’t Borrow Money
It’s not unusual for people to borrow money to cover their weddings, not knowing how difficult it can be to pay back. Not only will you be paying for the wedding itself, but also interest on top of that, which can frequently 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 options will be available. For any financial guidance regarding your personal circumstances, reach out to Bankruptcy Experts Wollongong on 1300 795 575, or visit our website for additional info: www.bankruptcyexpertswollongong.com.au