Wedding Expenses: Where does the money go?

Weddings are a costly performance. A lot of time, money and effort goes into one day. Whether lavish or understated, it pays to get it right. This is a special day to celebrate with your loved one, and nothing will drain the romance quicker than penny pinching.

There are plenty of conflicting figures floating around about wedding costs. Depending on your source, the average Australian wedding costs between $40,000 and $70,000 which...well, best not to think about it too much.

By the time you get to the big day, you want things running smoothly so you don’t have to worry about a thing. Just stand in the right spot, say the right things, and smile for the photos. Easy!

To ensure there are no headaches or blind spots in the lead-up to your wedding, we’re here to make sure you know exactly where your money’s going. Start with a ballpark figure of your budget, then run through this checklist of ‘must-haves’ versus ‘nice-to-haves’. If money’s looking tight for you to pull off your dream wedding, firstly consider these wedding hacks to give yourself some wiggle room.

Below is a list of wedding inclusions with average price estimates in brackets.

• Venue hire ($10,000)

You can go a few ways with the venue. An upmarket hotel or function space will cost around 10 grand. A more lo-fi outdoor venue might be cheaper to start with, but then you’ll have to think about things like marquees, toilet facilities, food and drink storage. It adds up. Wherever you choose, make sure you know exactly what’s included.

• Food & drinks ($10,000)

The cost of catering is largely determined by the number of guests. If you need to minimise costs, start by looking at the guest list and drawing a line. Bear in mind you’ll be catering to various diets, allergies and intolerances so “chicken or fish?” doesn’t always cut it.

Along with food, most of your money will end up behind the bar. The guests may be friends and family, but the anonymity of an open bar means some of your nearest and dearest will be taking full advantage.

• Photos ($4,000)

A professional photographer for the day (ceremony / reception / location photos) will set you back around $3,000-$4,000. A professionally edited video of the day will set you back even more.

It’s common practice these days to have a photobooth ($500) at the reception for guests to take increasingly debaucherous snaps as the night peaks and ultimately starts to deteriorate. You’ll’ll wince.

And the rest...

• Dresses / suits / shoes ($12,000)
• Music ($2,500)
• Fs & decorations ($1,200)
• Transport ($1,000)
• Rings ($1,000)
• Invitations ($800)
• Celebrant ($550)
• Cake ($500)
• Hair & makeup ($500)

Found yourself a little short in the lead up? A PL can help you cover your costs to ensure you don’t miss out on your dream wedding.

Easy Weddings 2016 Annual Survey