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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

Most of us have a pretty good understanding that weddings can be an expensive exercise, but do you really know 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 likely somewhere around the $50,000 mark. I guess if you have wealthy parents it wouldn’t be a problem, but unfortunately many of us don’t.

Let’s admit it, $50,000 is a bunch of money! You could buy a business, place a down payment on a new house, settle your student loans, or perhaps travel the world! The fact is though, weddings are a celebration of two people who commit to spending the rest of their lives together. Sure, we ‘d all want 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. Indeed, it didn’t include classy bridesmaid parties and catering for 500 guests, but it was unique, intimate, and every person who came had the time of their lives. If you’re about to get married on a budget and trying to find ways to save money, then here’s how.

There’s plenty of ways to save thousands of dollars on your wedding location. One of the most elegant weddings I attended was in the backyard of a friend’s home. Other options you could consider is hiring a local park for the day, or maybe the beach. The ambience is fantastic, you can customise your wedding to precisely how you want it, and the costs are tremendously low. If you opt to have your wedding in a public place, just remember to talk with the local council and make reservations well in advance.

Wedding Date
While many people prefer their weddings on a Saturday, the prices of venues are much more expensive 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 additionally have a dramatic influence on the price of your venue. If you’re dead-set on having your reception in an indoor area, then organise your wedding date in winter and you’ll save around a third of the costs for venue hire.

The fees of a professional photographer will typically cost roughly $4,000 for the entire day. With the amazing specs of smartphone cameras nowadays, think of hiring a professional photographer just for the formalities and ask your buddies to take pictures throughout the duration of your wedding celebrations. You can make a hashtag on Twitter and get your friends to post their pictures, ensuring that there’ll be lots of natural photos that emulate the true spirit of your special day.

Food & Drinks
If you really want to save money, then catering companies are your top target! They charge extravagant prices and aren’t really necessary at all. Consider preparing 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 on your own. 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 different is far more memorable than being conventional. 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 chance to negotiate a considerable discount when buying in bulk.

Don’t Borrow Money
It’s not out of the ordinary for newlyweds to borrow money to fund their weddings, not realising how hard 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 often times take years to pay off. If you’ve had an extravagant wedding and found yourself in financial trouble, always seek financial assistance sooner rather than later. The sooner you act, the more possibilities will be available. For any financial assistance regarding your personal circumstances, get in contact with Bankruptcy Parramatta on 1300 818 575, or visit our website for further info:

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