3 September 2019
Weddings are a wonderful celebration of love, but they don’t come cheap. industry super fund-owned bank ME’s new Love and Money Survey shows an average wedding costs around $21,159.
Further, ME’s survey revealed that couples wish they’d spent less on the following elements of their wedding, in order of what created the most to least purchase regret:
- reception (17%),
- photography/videography (13%),
- flowers (12%),
- engagement party (11%), and
- ceremony (10%).
ME looks at super smart ways to create your dream wedding on a budget.
1. Set a date that lets you save
Get married at the end or start of summer, or better still, during autumn, winter or on a weekday for supersized savings. To save further, consider a wedding brunch or lunch.
2. Chic receptions on a budget
Skip impersonal reception halls and rent a house. Think country farmhouses or beachside pads and hire a caterer or supply your own alcohol to save on costs.
3. Wedding gowns with dollar-friendly dazzle
Check for sample sales, visit bridal factory outlets or consider pre-loved wedding couture.
4. Clever savings on accessories
Rather than buy new, ask recently-married friends or family if you can borrow their accessories and save on a headpiece by using gorgeous fresh flowers for hair adornments.
5. Bouquets – avoid a blooming rip-off
Head to a wholesale flower market to pick up armfuls of fresh blooms and make your own bouquets. Choose fuller blooms to create an impressive bouquet for less.
6. Make-up like a Middleton
Do your own make-up – book a free makeover at a cosmetics counter to pick up expert tips that will stay with you for life.
7. Capture perfect pics at a petite price
Look for a photographer who charges by the hour and offers a digital only package. Have bridesmaids take getting-ready pics at home and let your guests supplement your album with candids.
8. Turbo-charged savings on wedding cars
Arrive with an UberLux ride to enjoy a hire car standard without a higher fare. Hold your wedding ceremony and reception at the same venue to trim on transport costs.
9. Plan, set a budget, share the load
Develop a wedding budget with your partner and stick to it with a plan, setting the groundwork for easy and open discussions about joint money matters.
This article is brought to you by ME. For more information, please visit www.mebank.com.au. Members Equity Bank Limited ABN 56 070 887 679 and Australian Credit Licence 229500.
The Trustee and ME are not agents or representatives of one another. The Trustee is not responsible for and does not accept liability for the products or services of ME. ME is an Australian credit licensee (Australian credit licence no. 229500). You should use your own judgement before taking up any product or service offered by ME. TWUSUPER invests in ME but does not receive any commissions as a result of members using ME products and services.
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