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April 6, 2018Comments Closed

Weddings On A Budget – How 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 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! These days, it’s quite likely somewhere around the $50,000 mark. I guess if you have rich parents it wouldn’t be a concern, but unfortunately the majority of us don’t.

Let’s admit it, $50,000 is a bunch of money! You could buy a franchise, put a deposit on a property, settle your student loans, or maybe travel the world! The reality is though, weddings are a celebration of two people who commit to spending the rest of their lives together. Sure, we ‘d all like to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.

Whilst I’ve never been married personally, I have a close circle of friends, and two of them managed to pull off the most extraordinary weddings on a shoestring. Naturally, it didn’t involve costly bridesmaid parties and catering for 300 guests, but it was intimate, unique, and everyone who came had the time of their lives. If you’re planning a wedding on a budget and trying to find ways to save money, then here’s how.

Location
There’s lots of ways to save thousands of dollars on your wedding venue alone. One of the most stylish weddings I attended was in the garden of a friend’s home. Other options you could look into is hiring a community park for the day, or even the beach. The environment is extraordinary, you can customise your wedding to exactly how you want it, and the costs are tremendously low. If you make the decision to have your wedding in a public area, just don’t forget to consult with the local council and book well in advance.

Wedding Date
While many 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 likewise have a significant influence on the price of your venue. If you’re dead-set on having your wedding reception in an indoor location, then organise your wedding date in winter and you’ll save around a third of the costs for venue hire.

Photography
The fees of a professional photographer will typically cost around $4,000 for the entire day. With the remarkable specs of smartphone cameras nowadays, contemplate hiring a professional photographer only for the formalities and ask your friends to take photos over the course of your wedding celebrations. You can create a hashtag on Twitter and get your friends to post their pictures, ensuring that there’ll be plenty 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 outrageous prices and aren’t really necessary whatsoever. Consider organising 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 look into hiring someone 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! Don’t forget that most of the time, being different is far more memorable than being traditional. In addition, search for a venue that allows you to bring your own alcohol. You’ll save a bunch of money this way, and you’ll have the chance to arrange a considerable discount when buying in bulk.

Don’t Borrow Money
It’s not out of the ordinary for newlyweds to borrow money to pay for their weddings, not realising how challenging 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 frequently take years to repay. If you’ve had a lavish wedding and found yourself in financial distress, 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 situation, call Bankruptcy Wyong on 1300 818 575, or visit our website for more information: http://www.bankruptcy-wyong.com.au/

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