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

Most of us have a fair understanding that weddings can be a costly pursuit, but do you really understand how much the average wedding costs in Australia? Slightly over $36,000, according to Australia’s Money Smart website. And that was in 2012! Today, it’s perhaps somewhere around the $50,000 mark. I suppose if you have rich parents it wouldn’t be a problem, but unfortunately the majority of us don’t.

Let’s face it, $50,000 is a considerable amount of money! You could purchase a company, place a deposit on a property, repay your student loans, or perhaps 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 want to have the wedding of our dreams, but we shouldn’t forget what’s really important.

Whilst I’ve never been 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 feature classy bridesmaid parties and catering for 500 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 looking at ways to save money, then here’s how.

Location
There’s numerous ways to save thousands of dollars on your wedding location alone. One of the most beautiful weddings I attended was in the garden of a friend’s house. Other alternatives you could consider is hiring a neighbourhood park for the day, or perhaps the beach. The ambience is incredible, you can customise your wedding to precisely how you want it, and the costs are remarkably low. If you choose to have your wedding in a public place, just don’t forget to call the local council and book well in advance.

Wedding Date
While lots of people prefer their weddings on a Saturday, the prices of venues are much more pricey 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 likewise have a dramatic influence on the rates of your venue. If you’re dead-set on having your wedding reception in an indoor location, then schedule your wedding date in winter and you’ll save approximately a third of the costs for venue hire itself.

Photography
The fees of a professional photographer will usually cost roughly $4,000 for the whole day. With the exceptional specs of smartphone cameras nowadays, consider hiring a professional photographer just 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 lots of natural pictures that emulate the true spirit of your special day.

Food & Drinks
If you really want to save money, then catering firms are your prime target! They charge extravagant prices and aren’t all that necessary. Consider putting together 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 consider 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! Don’t forget that most of the time, being unique is far more memorable than being traditional. Also, look for a venue that enables you to bring your own alcohol. You’ll save a heap of money this way, and you’ll be able to negotiate a sizeable discount when buying in bulk.

Don’t Borrow Money
It’s not unusual for newlyweds to borrow money to finance their weddings, not knowing how tough 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 in some cases take years to pay off. If you’ve had an extravagant wedding and found yourself in financial distress, always seek financial guidance sooner rather than later. The sooner you act, the more possibilities will be available. For any financial advice regarding your personal circumstances, call Bankruptcy Experts Melbourne on 1300 795 575, or visit our website for more info: www.bankruptcyexpertsmelbourne.com.au

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