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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

Bankruptcy Bendigo,Bankrupt Bendigo,Insolvency Bendigo

Most of us have a fairly good understanding that weddings can be a costly exercise, but do you really understand how much the average wedding costs in Australia? A bit over $36,000, according to 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 wealthy parents it wouldn’t be a problem, but unfortunately the majority of us don’t.

Let’s admit it, $50,000 is a huge amount of money! You could purchase a franchise, put a down payment on a new house, repay your student loans, or even travel the world! The truth 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.

Even though I’ve never married personally, I have a close circle of friends, and two of them managed to pull off the most splendid weddings on a shoestring. Obviously, it didn’t feature expensive bridesmaid parties and catering for 500 guests, but it was unique, intimate, and almost everyone who attended 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 many ways to save thousands of dollars on your wedding location alone. One of the most wonderful weddings I was invited to was in the backyard of a friend’s home. Other choices you could consider is hiring a community park for the day, or maybe the beach. The environment is astounding, you can personalise your wedding to precisely how you want it, and the costs are remarkably low. If you decide to have your wedding in a public location, just remember to speak with the local council and make reservations well ahead of time.

Wedding Date
Although many people prefer their weddings on a Saturday, the rates of venues are far more expensive 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 considerable effect 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 price of a professional photographer will often cost roughly $4,000 for the whole day. With the impressive specs of smartphone cameras nowadays, think of hiring a professional photographer just for the formalities and ask your friends to take pictures over the course of your wedding celebrations. You can create a hashtag on Twitter and ask your friends to upload 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 want to save money, then catering companies are your prime target! They charge outrageous prices and aren’t really necessary whatsoever. Consider 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 offers 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 delicious sauce and cheesy smashed potatoes! Don’t forget that most of the time, being original is much more memorable than being customary. Furthermore, try to find a venue that allows you to bring your own alcohol. You’ll save a bundle of money this way, and you’ll have the opportunity to arrange a significant discount when buying in bulk.

Don’t Borrow Money
It’s not unusual for people to borrow money to cover their weddings, not understanding how hard it can be to pay back. Not only will you be paying for the wedding itself, but also interest on top of that, which can often times 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 possibilities will be available. For any financial advice regarding your personal circumstances, get in contact with Bankruptcy Bendigo on 1300 818 575, or visit our website for more information: http://www.bankruptcy-bendigo.com.au/

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