So you don’t have to take out a mortgage.
They say you can’t put a price on love, but with the average Australian wedding now costing couples anywhere from $36,200 to a staggering $54,000, it seems like love really does come with a hefty price tag.
The cold, hard post-wedding fact is that 35% of couples blow their budget and 60% take out a loan just to say “I do”.
So, where exactly does the money go? The largest expenditures are necessities, such as the venue, food, alcohol and entertainment, but there are also finer details to take into consideration. Decorations, invitations and dance lessons may seem insignificant but can prove to be money-suckers in disguise.
In order to help manage your wedding budget, we’ve uncovered the biggest wedding expenditures and rustled up some helpful hints to ensure you’re not forced to spend your honeymoon in a dodgy highway motel room rather than lying on a beach in the Maldives.
Reception venue.
Australian couples spent an average of $18, 683 on venue hire, food and alcohol alone, making it the biggest cost of a wedding. Let’s face it, you want your reception to be the party of the year, so making sure you’re happy with the venue is crucial. However, there are a few sneaky ways to keep costs down without scrimping on style.
Consider holding the event on a Sunday instead of a Friday or Saturday night. Afternoon events will also be cheaper and, after all, nothing says sophisticated vintage bride quite like a champagne luncheon or high tea.