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April 6, 2018Comments Closed

Weddings On A Budget – The Best Ways To Save Money When Getting Married

Posted by:Bankruptcy Specialist onApril 6, 2018

We all have a pretty good understanding that weddings can be an expensive exercise, but do you really understand how much the average wedding costs in Australia? A little over $36,000, according to Australia’s Money Smart website. And that was in 2012! Today, it’s most probably 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 bunch of money! You could buy a franchise, place a deposit on a new house, pay off your student loans, or even 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 lose sight of what’s really important.

Whilst I’ve never married myself, I have a close circle of friends, and two of them managed to pull off the most unforgettable weddings on a shoestring. Naturally, it didn’t involve luxurious bridesmaid parties and catering for 300 guests, but it was intimate, unique, and everybody who came had the time of their lives. If you’re about to get married on a budget and looking for ways to save money, then here’s how.

Location
There’s numerous ways to save thousands of dollars on your wedding venue. One of the most stylish weddings I was invited to was in the backyard of a friend’s house. Other choices you could consider is hiring a community park for the day, or maybe the beach. The ambience is incredible, you can personalise your wedding to exactly how you want it, and the costs are exceptionally low. If you make the decision to have your wedding in a public area, just remember to speak to the local council and make reservations well ahead of time.

Wedding Date
Whilst the majority of people prefer their weddings on a Saturday, the costs of venues are far 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 considerable effect 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 more or less a third of the costs for venue hire itself.

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

Food & Drinks
If you really intend to save money, then catering businesses are your primary target! They charge enormous prices and aren’t really necessary at all. Contemplate 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 serves gourmet pizza, or look into 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 tasty sauce and cheesy smashed potatoes! Remember that most of the time, being unique is much more memorable than being customary. Additionally, search for a venue that allows you to bring your own alcohol. You’ll save a pile of money this way, and you’ll have the opportunity to arrange a substantial discount when buying in bulk.

Don’t Borrow Money
It’s not uncommon for newlyweds to borrow money to pay for their weddings, not understanding 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 sometimes take years to repay. If you’ve had an extravagant wedding and found yourself in financial hardship, always seek financial advice sooner rather than later. The sooner you take action, the more options will be available. For any financial guidance regarding your personal situation, get in contact with Bankruptcy Tweed Coast on 1300 818 575, or visit our website for further information: http://www.bankruptcy-tweedcoast.com.au/

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