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April 6, 2018Comments Closed

Weddings On A Budget – How To Save Money When Getting Hitched

Posted by:Bankruptcy Specialist onApril 6, 2018

Bankruptcy Brisbane,Bankrupt Brisbane,Insolvency Brisbane

We all have a pretty good understanding that weddings can be an expensive pursuit, but do you really know just how much the average wedding costs in Australia? A little over $36,000, according to Australia’s Money Smart website. And that was in 2012! These days, it’s perhaps somewhere around the $50,000 mark. I suppose if you have well-off parents it wouldn’t be a problem, but unfortunately the majority of us don’t.

Let’s face it, $50,000 is a lot of money! You could buy a business, place a down payment on a new house, 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 together. Sure, we ‘d all like to have the wedding of our dreams, but we shouldn’t lose sight of what’s really important.

Although I’ve never walked down the aisle personally, I have a close circle of friends, and two of them managed to pull off the most unforgettable weddings on a shoestring. Indeed, it didn’t consist of extravagant bridesmaid parties and catering for 400 guests, but it was intimate, unique, 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 many ways to save thousands of dollars on your wedding location alone. One of the most elegant weddings I attended was in the backyard of a friend’s home. Other options you could look into is hiring a neighbourhood park for the day, or even the beach. The environment is extraordinary, you can customise your wedding to exactly how you want it, and the costs are tremendously low. If you decide to have your wedding in a public area, just remember to consult the local council and make reservations well ahead of time.

Wedding Date
Whilst most people prefer their weddings on a Saturday, the costs of venues are much more expensive on Saturday than any other day of the week. Consider having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will similarly have a dramatic influence on the cost 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 approximately a third of the costs for venue hire.

The price of a professional photographer will often cost roughly $4,000 for the entire day. With the exceptional specs of smartphone cameras nowadays, think of hiring a professional photographer only for the formalities and ask your friends to take pictures throughout the duration of your wedding celebrations. You can create a hashtag on Twitter and get your friends to publish their photos, ensuring that there’ll be an abundance of natural pictures that mirror the true spirit of your special day.

Food & Drinks
If you really intend to save money, then catering companies are your top target! They charge extravagant prices and aren’t really necessary at all. Think about organising 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 serves gourmet pizza, or look at hiring somebody 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 delicious sauce and cheesy smashed potatoes! Don’t forget that most of the time, being different is far more memorable than being customary. Moreover, try to find a venue that allows you to bring your own alcohol. You’ll save a stack of money this way, and you’ll be able to negotiate a considerable discount when buying in bulk.

Don’t Borrow Money
It’s not uncommon for couples to borrow money to fund their weddings, not realising how challenging 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 repay. If you’ve had a luxurious wedding and found yourself in financial trouble, always seek financial advice sooner rather than later. The sooner you take action, the more choices will be available. For any financial advice regarding your personal situation, get in contact with Bankruptcy Brisbane on 1300 818 575, or visit our website for more information:

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