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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 actually understand 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! In today’s times, it’s most probably somewhere around the $50,000 mark. I guess if you have well-off parents it wouldn’t be a concern, but unfortunately many of us don’t.

Let’s admit it, $50,000 is a considerable amount of money! You could purchase a franchise, put a deposit on a property, repay your student loans, or maybe travel the world! The reality is though, weddings are a celebration of two people who commit to devoting the rest of their lives with each other. Sure, we ‘d all love to have the wedding of our dreams, but we shouldn’t forget what’s really important.

While I’ve never married myself, I have a close group of friends, and two of them managed to pull off the most extraordinary weddings on a shoestring. Of course, it didn’t involve classy bridesmaid parties and catering for 400 guests, but it was unique, intimate, and every person who attended had the time of their lives. If you’re about to get married on a budget and looking at ways to save money, then here’s how.

There’s a number of ways to save thousands of dollars on your wedding venue. One of the most spectacular 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 maybe the beach. The atmosphere is amazing, you can customise your wedding to exactly how you want it, and the costs are extremely low. If you choose to have your wedding in a public place, just don’t forget to consult with the local council and book well in advance.

Wedding Date
Even though the majority of people prefer their weddings on a Saturday, the prices of venues are much more costly 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 additionally have a significant effect on the rates 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 about a third of the costs for venue hire.

The cost of a professional photographer will normally cost close to $4,000 for the whole day. With the incredible specs of smartphone cameras these days, think of hiring a professional photographer only for the formalities and ask your friends to take photos throughout the duration of your wedding. You can create a hashtag on Twitter and ask your friends to post their pictures, ensuring that there’ll be plenty of natural photos that emulate the true spirit of your special day.

Food & Drinks
If you really intend to save money, then catering businesses are your key target! They charge outrageous 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 into 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 traditional. Additionally, look for a venue that allows you to bring your own alcohol. You’ll save a heap of money this way, and you’ll have the ability to discuss a sizeable discount when buying in bulk.

Don’t Borrow Money
It’s not uncommon for couples to borrow money to finance 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 frequently take years to pay off. If you’ve had a lavish wedding and found yourself in financial difficulties, always seek financial advice sooner rather than later. The sooner you act, the more choices will be available. For any financial guidance regarding your personal situation, get in touch with Bankruptcy Gosford on 1300 818 575, or visit our website for further details:

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