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- April 6, 2018
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We all have a pretty good 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! Nowadays, 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 most of us don’t.
Let’s admit it, $50,000 is a considerable amount of money! You could purchase a franchise, put a down payment on a property, settle your student loans, or even travel the world! The truth is though, weddings are a celebration of two individuals who commit to devoting 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.
While I’ve never walked down the aisle personally, I have a close group of friends, and two of them managed to pull off the most splendid weddings on a shoestring. Obviously, it didn’t feature extravagant bridesmaid parties and catering for 400 guests, but it was intimate, unique, and everyone who attended 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 a number of ways to save thousands of dollars on your wedding location alone. One of the most stunning weddings I attended was in the backyard of a friend’s home. Other alternatives you could think about is hiring a community park for the day, or perhaps the beach. The atmosphere is fantastic, you can personalise your wedding to exactly how you want it, and the costs are extremely low. If you opt to have your wedding in a public location, just don’t forget to consult with the local council and make reservations well ahead of time.
Whilst lots of people prefer their weddings on a Saturday, the prices of venues are much more expensive on Saturday than any other day of the week. Think about having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will similarly have a dramatic effect on the cost of your venue. If you’re dead-set on having your wedding 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.
The price of a professional photographer will typically cost around $4,000 for the whole day. With the remarkable specs of smartphone cameras nowadays, consider hiring a professional photographer just for the formalities and ask your buddies to take pictures over the course of your wedding celebrations. You can make a hashtag on Twitter and get your friends to publish 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 top target! They charge enormous prices and aren’t really necessary whatsoever. Think about organising 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 consider 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! Remember that most of the time, being original is much more memorable than being traditional. Also, try to find a venue that allows you to bring your own alcohol. You’ll save a stack of money this way, and you’ll be able to discuss a sizeable 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 challenging it can be to pay back. 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 repay. If you’ve had a luxurious wedding and found yourself in financial hardship, always seek financial assistance sooner rather than later. The sooner you take action, the more possibilities will be available. For any financial assistance regarding your personal situation, get in contact with Bankruptcy Experts Gladstone on 1300 795 575, or visit our website for more details: www.bankruptcyexpertsgladstone.com.au