It is estimated that the average Australian wedding costs around $36, 200. Whilst it’s great to splurge occasionally, most people are trying to make the most of their money – and this is especially true for weddings which have a funny knack of getting blown out of proportion pretty easily.
For any bride, there are multiple things to think of and plan, from booking the destination and finalising the cake design to choosing the all-important dream wedding dress. It can be quite easy to lose track of spending. In fact, over 74 percent of people get into debt for their wedding day.
If you have champagne tastes on a mineral water budget, here are a few easy tricks to help you keep your wedding spend under control.
#1 – Don’t Forget To Budget..and Track It
After the euphoria of your engagement has worn off, it is time to get planning for your big day. A key aspect of that process is your wedding budget. It may seem like a far cry from the glamorous or romantic image of your wedding but it is definitely necessary.
There is no recommended amount to budget for, and your wedding budget completely depends on factors such as the location and size of your wedding and of course, the couple.
To get started, you need to decide how your will finance your wedding.
Traditionally, the parents of the bride bore the cost. Now, we often see couples saving for their own wedding and some even using credit facilities to finance their visions of the perfect wedding. If you do choose to use finance, think of credit options offering cashback on your purchases.
Many couples begin wedding planning and view venues, themes and even catering ideas before having a budget nailed down, sometimes leading to disappointment. FYI – by 2011, the average cost of a wedding had risen by 73 percent in a decade.
A great tip is to decide with your partner which items in your wedding are important to you and allocate your budget accordingly. Don’t forget to continuously track your expenses as you get further into the planning process.