Planning a summer wedding? What you should be paying for now


According to a survey run by Bride to Be magazine, the average cost of an Australian wedding is now $65,482.


What exactly are couples spending this much money on? Well, there’s the rings, the photographer, the venue, the food, drinks, flowers, the wedding dress… and we haven’t even got started on the bridal party, honeymoon, music or wedding invites!


Yes, making things ‘official’ can be an expensive pursuit.


To add to the mania of planning for your big day, most vendors will require a deposit of 10-50% at the time of booking and full payment at least 2-4 weeks prior. This can be a stressful time for most couples, as unexpected costs creep up as the day draws closer.


But before you despair at the spiralling costs of your wedding day, sit down and devise a plan that will make paying for it more manageable.


To get started, divide your wedding budget into smaller chunks that are easier to digest. Getting married in the summer with a budget of $20,000? Divide $20,000 by the number of months you have until your wedding date to figure out what you need to put aside every month. Also ensure you ask any vendors you are considering to outline their deposit, payment and refund terms, so you can get a better view of how much money you’ll need along the way.


If you don’t have enough time to save before some upfront costs fall due, and don’t want to scale back your wedding costs or delay it, then you might want to consider taking out a personal loan. Doing this at the start of the process ensures you have ready access to your entire wedding budget as required when payments fall due, and can simply repay the loan in regular instalments.


Use our budget planner – Our simple budgeting tool can help you figure out how much money you can afford to spare out of your pay packet each month to put towards your wedding. If, after all your monthly expenses you have $800 spare, times this by the number of months you have until your wedding. Will this cover most of your expenses?


Use our personal loan repayment calculator - Based on the above calculation, you probably have a good idea of what you can afford and where you fall short. Use our calculator to work out what your weekly, fortnightly or monthly loan repayments could be, and adjust your wedding budget accordingly.


Above everything else, your wedding should be one to remember and in the months leading up to it, happy times. Don’t let money stand in the way of your dream day. Speak to our team of Betterers to realise your financial goals. Call us on 13 28 26.


Ready to dream big? Check out our list of top wedding venues and destinations for some inspiration.