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April 6, 2018Comments Closed

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

Posted by:Bankruptcy Specialist onApril 6, 2018

We all have a pretty good understanding that weddings can be an expensive pursuit, 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! Today, it’s most likely somewhere around the $50,000 mark. I guess if you have wealthy parents it wouldn’t be a concern, but unfortunately the majority of us don’t.

Let’s face it, $50,000 is a lot of money! You could buy a business, place a down payment on a property, settle your student loans, or maybe travel the world! The fact is though, weddings are a celebration of two people who commit to devoting the rest of their lives together. Sure, we ‘d all prefer to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.

Although I’ve never walked down the aisle myself, I have a close circle of friends, and two of them managed to pull off the most memorable weddings on a shoestring. Indeed, it didn’t consist of classy bridesmaid parties and catering for 300 guests, but it was unique, intimate, and everyone who came 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.

Location
There’s a number of ways to save thousands of dollars on your wedding venue. One of the most gorgeous weddings I was invited to was in the garden of a friend’s home. Other options you could consider is hiring a community park for the day, or even the beach. The ambience is awesome, you can customise your wedding to exactly how you want it, and the costs are extremely low. If you decide to have your wedding in a public area, just don’t forget to talk to the local council and make reservations well in advance.

Wedding Date
While many people prefer their weddings on a Saturday, the costs of venues are much more expensive on Saturday than any other day of the week. Look at 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 price of your venue. If you’re dead-set on having your reception in an indoor location, then reserve your wedding date in winter and you’ll save roughly a third of the costs for venue hire.

Photography
The price of a professional photographer will normally cost roughly $4,000 for the whole day. With the outstanding specs of smartphone cameras nowadays, look at hiring a professional photographer only for the formalities and ask your friends to take photos 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 pictures that emulate 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 all that necessary. 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 consider hiring an expert 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. Moreover, search for a venue that enables you to bring your own alcohol. You’ll save a pile of money this way, and you’ll have the opportunity to discuss a considerable discount when buying in bulk.

Don’t Borrow Money
It’s not out of the ordinary for people to borrow money to fund their weddings, not realising how hard 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 often times take years to repay. If you’ve had an extravagant wedding and found yourself in financial hardship, always seek financial guidance sooner rather than later. The sooner you act, the more choices will be available. For any financial assistance regarding your personal situation, reach out to Bankruptcy Joondalup on 1300 818 575, or visit our website for more info: http://www.bankruptcy-joondalup.com.au/

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