Written by 
- The Savvy Promise
At Savvy, our mission is to empower you to make informed financial choices. While we maintain stringent editorial standards, this article may include mentions of products offered by our partners. Here’s how we generate income.
Making your big day one to remember doesn’t mean you have to be left with a hefty bill that you and your partner will still have to pay off in the next 2 years. There are a couple of savvy ways that you can get the wedding that you want this December and save at the same time. These are the five ways in which you can save money on your wedding without busting your finances.
1. Take time to plan your wedding
You probably have an idea of how you want your wedding to be and where you want it to be. If you still fuzzy about the details, then it is best to take your time ironing out every detail to avoid rushing the process which can end up costing you. Carefully planning your big day can give you ample time to budget the cost of your wedding, compare, and find specials that will work for your finances. You may have to postpone your wedding to cut back on costs.
2. Start saving
Weddings are not cheap affairs, but there are ways in which you can have an inexpensive wedding that will not leave you with financial stress. According to ASIC, the average cost of an Australian wedding was around $36,200. Depending on how big and extravagant you want the affair to be you could end up forking out more. Once you have researched the cost of hiring out a venue, photographer, caterer, and more you will have a realistic budget to save towards to help pay off the costs. You can also consider taking out a wedding loan, which is a personal loan, to help should the expenses.
3. You may have to make sacrifices
Having a champagne wedding on a beer budget is the quickest way to start your marriage on the wrong foot. Which comes as no surprise that many Aussie couples make sacrifices to make their big day possible. Research by ASIC revealed that 32% of Australians ended up compromising and settled for a cheaper wedding than what they wanted. You may have to consider looking in areas in your life where you can cut back to help boost your wedding savings.
4. Go easy on the venue
Venue costs are probably one of the largest costs couples will have to face. It pays to know a few alternatives to help you save on venue costs. You can consider using a venue that doesn’t require that you use their vendors. This can give you ample room to compare prices for various vendors and help you save thousands of dollars. You could also consider cutting back on the guest list to hire a smaller venue and reduce food costs.
5. Something borrowed
Having everything at your wedding bough brand new can push the cost of your wedding up. Instead of buying new you could consider getting quality used items. This also means that you can get a used wedding dress and tux which can help you save money instead of letting it stew in some dark place in your closet.
Did you find this page helpful?
This guide provides general information and does not consider your individual needs, finances or objectives. We do not make any recommendation or suggestion about which product is best for you based on your specific situation and we do not compare all companies in the market, or all products offered by all companies. It’s always important to consider whether professional financial, legal or taxation advice is appropriate for you before choosing or purchasing a financial product.
The content on our website is produced by experts in the field of finance and reviewed as part of our editorial guidelines. We endeavour to keep all information across our site updated with accurate information.
Approval for personal loans is always subject to our lender’s terms, conditions and qualification criteria. Lenders will undertake a credit check in line with responsible lending obligations to help determine whether you’re in a position to take on the loan you’re applying for.
The interest rate, comparison rate, fees and monthly repayments will depend on factors specific to your profile, such as your financial situation, as well as others, such as the loan’s size and your chosen repayment term. Costs such as broker fees, redraw fees or early repayment fees, and cost savings such as fee waivers, aren’t included in the comparison rate but may influence the cost of the loan. Different terms, fees or other loan amounts may result in a different comparison rate.
