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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

We all have a pretty good understanding that weddings can be a costly exercise, but do you actually know just 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 suppose if you have well-off parents it wouldn’t be an issue, but unfortunately most of us don’t.

Let’s admit it, $50,000 is a huge amount of money! You could purchase a franchise, place a deposit on a property, pay off your student loans, or perhaps travel the world! The reality is though, weddings are a celebration of two individuals 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 lose sight of what’s really important.

Whilst I’ve never been married myself, I have a close group of friends, and two of them managed to pull off the most memorable weddings on a shoestring. Obviously, it didn’t include expensive bridesmaid parties and catering for 500 guests, but it was intimate, unique, and almost everyone who came had the time of their lives. If you’re planning 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 amazing weddings I attended was in the garden of a friend’s home. Other choices you could look into is hiring a local park for the day, or even the beach. The atmosphere is astounding, you can customise your wedding to exactly how you want it, and the costs are tremendously low. If you choose to have your wedding in a public area, just don’t forget to contact the local council and book well ahead of time.

Wedding Date
While lots of people prefer their weddings on a Saturday, the rates 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 additionally have a dramatic impact on the rates of your venue. If you’re dead-set on having your reception in an indoor area, then book your wedding date in winter and you’ll save approximately a third of the costs for venue hire.

Photography
The price of a professional photographer will typically cost roughly $4,000 for the entire day. With the remarkable specs of smartphone cameras these days, contemplate hiring a professional photographer only for the formalities and ask your buddies to take photos throughout the duration of your wedding celebrations. You can create a hashtag on Twitter and ask your friends to post their pics, ensuring that there’ll be an abundance of natural pictures 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 extravagant prices and aren’t really necessary whatsoever. Think about organising 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 look at hiring a friend 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 scrumptious sauce and cheesy smashed potatoes! Remember that most of the time, being different is far more memorable than being customary. Furthermore, look for a venue that enables you to bring your own alcohol. You’ll save a stack of money this way, and you’ll have the chance to negotiate a substantial discount when buying in bulk.

Don’t Borrow Money
It’s not unusual for people to borrow money to fund their weddings, not understanding how hard it can be to repay. Not only will you be paying for the wedding itself, but also interest on top of that, which can occasionally take years to repay. If you’ve had an extravagant wedding and found yourself in financial trouble, always seek financial advice sooner rather than later. The sooner you act, the more choices will be available. For any financial assistance regarding your personal circumstances, call Bankruptcy Newcastle on 1300 818 575, or visit our website for more details: https://www.bankruptcy-newcastle.com.au/

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