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April 6, 20180

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

Posted by:Bankruptcy Specialist onApril 6, 2018

We all have a fair understanding that weddings can be a costly exercise, but do you actually know 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! These days, it’s most likely somewhere around the $50,000 mark. I guess if you have well-off parents it wouldn’t be a concern, but unfortunately the majority of us don’t.

Let’s admit it, $50,000 is a huge amount of money! You could purchase a business, put a down payment on a property, repay your student loans, or even travel the world! The truth is though, weddings are a celebration of two people 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 forget what’s really important.

Whilst I’ve never married myself, I have a close group of friends, and two of them managed to pull off the most unforgettable weddings on a shoestring. Of course, it didn’t feature expensive bridesmaid parties and catering for 500 guests, but it was intimate, unique, and everybody who attended had the time of their lives. If you’re organising a wedding on a budget and looking for ways to save money, then here’s how.

There’s a number of ways to save thousands of dollars on your wedding venue. One of the most amazing weddings I was invited to was in the garden of a friend’s house. Other choices you could consider is hiring a community park for the day, or maybe the beach. The environment is extraordinary, you can personalise your wedding to precisely how you want it, and the costs are tremendously 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 in advance.

Wedding Date
Whilst lots of people prefer their weddings on a Saturday, the costs of venues are much more pricey on Saturday than any other day of the week. Contemplate having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will also have a considerable impact on the price of your venue. If you’re dead-set on having your reception in an indoor area, then schedule your wedding date in winter and you’ll save roughly a third of the costs for venue hire itself.

The price of a professional photographer will often cost around $4,000 for the entire day. With the impressive specs of smartphone cameras nowadays, consider 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 publish their pics, ensuring that there’ll be an abundance of natural photos that mirror the true spirit of your special day.

Food & Drinks
If you really intend to save money, then catering companies are your prime target! They charge exorbitant prices and aren’t really necessary whatsoever. Think about putting together your own food and drinks and don’t be afraid to go against the grain here.

You could hire a wood fire pizza truck that offers gourmet pizza, or look into 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 scrumptious sauce and cheesy smashed potatoes! Remember that most of the time, being different is far more memorable than being conventional. Similarly, search for a venue that enables you to bring your own alcohol. You’ll save a stack of money this way, and you’ll be able to arrange a substantial discount when buying in bulk.

Don’t Borrow Money
It’s not uncommon for people to borrow money to finance their weddings, not realising how tough 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 repay. If you’ve had a lavish wedding and found yourself in financial trouble, always seek financial advice sooner rather than later. The sooner you act, the more options will be available. For any financial guidance regarding your personal situation, speak with Bankruptcy Geelong on 1300 818 575, or visit our website for further details:

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