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April 6, 2018 Comments Closed

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

Posted by:Bankruptcy Specialist onApril 6, 2018

We all have a fairly good understanding that weddings can be a costly pursuit, but do you actually understand just how much the average wedding costs in Australia? Slightly over $36,000, based on Australia’s Money Smart website. And that was in 2012! Today, it’s quite possibly somewhere around the $50,000 mark. I guess if you have wealthy parents it wouldn’t be an issue, 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 deposit on a new home, settle 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 together. Sure, we ‘d all love to have the wedding of our dreams, but we shouldn’t lose sight of 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 splendid weddings on a shoestring. Needless to say, it didn’t consist of extravagant bridesmaid parties and catering for 300 guests, but it was unique, intimate, and almost everyone who came 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.

Location
There’s many ways to save thousands of dollars on your wedding location. One of the most stunning weddings I was invited to was in the garden of a friend’s home. Other alternatives you could think about is hiring a local park for the day, or even the beach. The ambience is remarkable, you can customise your wedding to exactly how you want it, and the costs are exceptionally low. If you choose to have your wedding in a public location, just don’t forget to phone the local council and book well in advance.

Wedding Date
While most people prefer their weddings on a Saturday, the rates of venues are much more pricey on Saturday than any other day of the week. Contemplate having your wedding on a Friday or Sunday where Monday is a public holiday. The time of year will likewise have a substantial effect on the rates of your venue. If you’re dead-set on having your wedding reception in an indoor location, then book your wedding date in winter and you’ll save around a third of the costs for venue hire.

Photography
The cost of a professional photographer will frequently cost about $4,000 for the whole day. With the incredible specs of smartphone cameras these days, consider hiring a professional photographer just for the formalities and ask your buddies to take pictures over the course of your wedding. You can make a hashtag on Twitter and get your friends to publish their photos, ensuring that there’ll be loads of natural pictures that reflect the true spirit of your special day.

Food & Drinks
If you really want to save money, then catering firms are your primary target! They charge extravagant prices and aren’t really necessary at all. Consider 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 serves gourmet pizza, or consider hiring a friend 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 far more memorable than being conventional. Equally, look for a venue that allows you to bring your own alcohol. You’ll save a bundle of money this way, and you’ll have the ability to negotiate a sizeable discount when buying in bulk.

Don’t Borrow Money
It’s not out of the ordinary for couples to borrow money to cover their weddings, not realising how difficult it can be to repay. Not only will you be paying 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 distress, always seek financial assistance sooner rather than later. The sooner you take action, the more choices will be available. For any financial advice regarding your personal situation, reach out to Bankruptcy Mildura on 1300 818 575, or visit our website for further details: http://www.bankruptcy-mildura.com.au/

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