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April 6, 2018Comments Closed

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

Posted by:Bankruptcy Specialist onApril 6, 2018

We all have a decent understanding that weddings can be a costly exercise, but do you really know just how much the average wedding costs in Australia? A little over $36,000, based on Australia’s Money Smart website. And that was in 2012! Today, it’s quite likely somewhere around the $50,000 mark. I suppose if you have rich parents it wouldn’t be a concern, but unfortunately most of us don’t.

Let’s face it, $50,000 is a considerable amount of money! You could buy a business, place a down payment on a property, repay your student loans, or perhaps travel the world! The reality is though, weddings are a celebration of two individuals who commit to spending 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.

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. Naturally, it didn’t consist of classy bridesmaid parties and catering for 400 guests, but it was unique, intimate, and every person 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 plenty of ways to save thousands of dollars on your wedding venue. One of the most gorgeous weddings I attended was in the backyard of a friend’s house. Other choices you could contemplate is hiring a local park for the day, or perhaps the beach. The ambience is astounding, you can customise your wedding to exactly how you want it, and the costs are remarkably low. If you opt to have your wedding in a public location, just don’t forget to talk to the local council and make reservations well in advance.

Wedding Date
Whilst 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. Look into having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will likewise have a considerable impact on the price of your venue. If you’re dead-set on having your wedding reception in an indoor area, then reserve your wedding date in winter and you’ll save roughly a third of the costs for venue hire.

Photography
The cost of a professional photographer will frequently cost close to $4,000 for the whole day. With the incredible specs of smartphone cameras nowadays, think about hiring a professional photographer only for the formalities and ask your buddies to take pictures over the course of your wedding. You can create a hashtag on Twitter and ask your friends to publish their pics, ensuring that there’ll be loads of natural pictures that resonate the true spirit of your special day.

Food & Drinks
If you really wish to save money, then catering businesses are your top target! They charge enormous prices and aren’t all that necessary. Think about arranging 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 look at 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! Don’t forget that most of the time, being different is much more memorable than being customary. Moreover, look for a venue that permits you to bring your own alcohol. You’ll save a heap of money this way, and you’ll be able to negotiate a significant discount when buying in bulk.

Don’t Borrow Money
It’s not out of the ordinary for couples to borrow money to pay for their weddings, not understanding 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 sometimes 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 options will be available. For any financial guidance regarding your personal situation, talk with Bankruptcy Penrith on 1300 818 575, or visit our website for further info: https://www.bankruptcy-penrith.com.au/

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