Why do marriages cost so much? Don't be discouraged by the high average expense of a wedding.
The words "expensive" and "stressful" may come to mind when you consider organising a wedding, but they are not necessary. Read on for some common wedding planning blunders and how to avoid them so that you can have a great time without breaking the bank.
Are you already engaged? You must be looking forward to all the wedding-related activities that lie ahead, from trying on dresses to touring churches to sampling dishes from potential caterers. However, before you can even begin, you'll need to tackle the most difficult and stressful yet crucial aspect of wedding planning: the budget.
A couple has to think about a lot of money while they are arranging a wedding. Your significant other and you will have a laundry list of items to buy and pay for in preparation for the wedding.
The cost of large items like the location of the ceremony and reception, as well as minor ones like adding a second tier to the wedding cake, may all be estimated if a budget is established in advance.
Despite the fact that some engaged couples are able to keep to their initial wedding spending plans, most end up spending more than they had anticipated. In light of this, we've created three infographics to help brides in Australia plan realistically for their wedding costs in 2020. The data shown in the infographics was compiled from renowned local wedding vendors in Australia and is representative of their typical pricing structure for a wedding with 150 guests. Prices and costs can differ considerably. Experts, luxury brands, central locations, and one-of-a-kind or personalised items typically cost 50% to 100% more than the market average.
If you told a newly engaged couple that the typical cost of a wedding was equivalent to a down payment on a fantastic home, they might not know whether to laugh or cry. Considering that the national average cost of a wedding was $33,391 in 2017, the latter is the more likely choice.
That's a hefty sum, and soon-to-wed couples have an uphill battle to save costs. There is a lot of money going out of the family budget before and during the wedding, from renting the venue to buying the bride's wedding day makeup.
That's a hefty sum, and soon-to-wed couples have an uphill battle to save costs. There is a lot of money going out of the family budget before and during the wedding, from renting the venue to buying the bride's wedding day makeup. Looking for a Wedding Photo Location? Look no further. Brighton Savoy has compiled an ultimate list of wedding photo locations to help you choose.
Making a realistic wedding budget is no easy task. If you're like most people, your wedding will be the most elaborate and expensive celebration you've ever thrown. To host 167 guests at a wedding in Australia will cost an average of $44,000. About a third of married couples pay all or most of the bill alone, while nearly a quarter pay none at all.
To add insult to injury, over half of all couples end up spending more than they had planned. Avoid being one of these couples by creating a sensible wedding budget before daydreaming about exotic locations, hiring pricey service providers, or shopping for a couture gown.
To create a budget, you should add up your savings, keep a precise spreadsheet to ensure you don't go over while planning, set aside money for unforeseen needs, and be prepared to make significant sacrifices if you end up spending more than you had planned. You'll have a happily ever after if you put in the effort now; we know it's not easy (wedding-debt free). Find out here how to create a realistic budget for your wedding.
What Is The Cost Of A Wedding Reception Venue?
One of the first things to do when organising a wedding is to decide where it will take place. Venues might range from rural barns to elegant ballrooms. Because the cost of the venue may rapidly mount up to a substantial portion of your entire budget (on average, half of a couple's wedding expenditure goes towards the location, food, and rentals), it is important to conduct your research before making a final decision. It is common practise in Australia for engaged couples to spend between AU$3,000 and AU$11,000. Please note that these are only estimates, and your final price may very well end up being much different depending on factors like as whether or not onsite food is included.
The average cost of a wedding in 2019 was projected to be $33,900. This figure included the price of an engagement ring, the ceremony itself, and the reception.
Avoid unpleasant financial surprises by carefully reviewing the wedding celebration contract in its entirety before signing it. It's important to save up for any unforeseen expenses that may crop up after the wedding.
The average cost of a wedding location is anything from $12,343 to $14,006, according to recent polls among brides. Tables, chairs, and linens, along with all food and drinks, are included in this price. Moreover, the amount spent on the venue will vary from couple to couple due to individual tastes, geography, and financial circumstances. Approximately 45 percent of your whole wedding budget should go towards this. You should try to gain as much as possible for this amount, and remember that service fees and taxes can increase the effective rate by as much as 30%.
Approximately fifty percent of newlyweds have their receptions at a hotel, country club, or banquet venue. In contrast, the need for old farms and other structures has been growing in recent years. These days, many engaged couples hold their nuptials in less typical settings, such as a park, a brewery, a children's museum, or even the bride's parents' backyard.
You'd have a wide price range to choose from between the most affordable and the most extravagant venues. For a wedding with 50 guests, the following ranges represent what a couple may expect to pay at various locations in Melbourne.
The cost of your event will be affected by a variety of variables, such as the type of meal you order and whether or not there is a venue fee. The price of a simple buffet meal and some nonalcoholic beverages is all you need to welcome your guests. There is no way to give a firm limit because you could, in principle, keep upgrading to more costly food, drink, and furnishings. Having a cocktail hour and a fully stocked premium bar all night, offering a lavish four-course plated meal with lobster as an option, and providing extra desserts would all be great ways to go all out.
Some newlyweds want to split the ceremony and celebration across two locations. Locations for ceremonies are typically more affordable than those for receptions since they are used for a shorter period of time and do not require food. An Australian couple can spend a minimum of $6000 AUD on their wedding ceremony location.
Factors Influencing Wedding Venue Prices
So, what causes such a large disparity in cost? The majority of your reception's expenses are likely to be included into the price of your venue (and potentially some ceremony ones if you hold both events at the same place). The price tag for renting out a more upscale event space often reflects the higher quality of the venue's facilities and food service. Looking for a wedding photographer in Melbourne? Look no further. Brighton Savoy has compiled an ultimate list of Melbourne wedding photographers to help you choose.
Requirements For Food And Drink
Hotels, banquet halls, and exclusive clubs are examples of locations that insist on the wedding party providing all of the catering themselves. In other locations, such as gardens or historic houses, the kitchen facilities may be nonexistent, so you will need to engage a caterer in addition to any other vendors you may require. Depending on the total cost, going the piecemeal route could save you money.
There is no universally accepted pricing structure for venues. Thus it's up to you to determine whether or not the price is fair. There are establishments that allow you to bring your own booze, some that charge by the hour per person, and yet others that keep track of how many drinks you have and how much they cost. When deciding between different locations, it's important to factor in every possible expense you might incur.
Timing: On-Peak Vs. Off-Peak
Your wedding venue's price tag will rise or fall depending on the time of year you choose to have your celebration, since the laws of supply and demand create high and low demand. Competitive market forces tend to keep prices low, so if your city or town has many options for similar venues, you may probably find one that fits your budget. Wedding parties will have more months to select from if the climate is reliably mild and temperate, which will help them save money. Conditions of excessive heat or cold are often avoided by wedding parties (those months become off-peak).
Choosing a less popular season of year or day of the week might be a simple way to cut costs on your wedding venue. Hiring a single Seattle landmark for a wedding on a Thursday night or Saturday morning in November will cost you $625, but doing the same thing on a Saturday night in August would set you back $1750. For this reason, the on-peak event is over two and a half times as expensive as the off-peak wedding.
Miscellaneous Fees
Ask the venue what is and is not included in the pricing, what other items you may need to rent (such as tables and chairs), and if there are any additional costs that will be added to the final bill before signing a contract. The sales tax rate of your state will usually be applied to the venue charge.
In addition, it is common practise for restaurants to add a service charge to the final bill, often between 18% and 24% of the total. Be careful to include in this substantial additional expense right now, since it might significantly affect your budget later on.
You don't have to spend all your money on a lavish wedding just to prove to people that you're now a married adult. The total cost of your wedding is entirely up to you. You don't want to start your married life with a mountain of debt, right?
Negotiate If Required.
Negotiate carefully and politely if you feel it is required. If you have a wedding coordinator, they ought to know where to locate a wiggle room and what is reasonable. Additionally, you can cut your own rates. Asking vendors to reduce package inclusions would be a good idea. For instance, ask the photographer to work a few hours rather than the entire day, or ask the caterer if they can just allow one or two drinks per guest rather than having an open bar. Check out our extensive list of Wedding Photographers in Melbourne to help capture your special moments.
Total It All Up
You shouldn't give in to the pressure that your family, friends, social media, or spending reports are putting on you. The amount you spend on your wedding should not exceed your income, your ongoing costs, or any other financial goals you have.
Plug in the figures after you've established a budget, choose the style of wedding you want and start comparing prices. Make use of our calculator so that you can better estimate the total cost of your purchase.
Conclusion
The national average cost of a wedding was $33,391 in 2017. Luxury brands, central locations and one-of-a-kind items typically cost 50% to 100% more than the market average. We've created infographics to help brides in Australia plan realistically for their wedding costs. Making a realistic wedding budget is no easy task. To host 167 guests at a wedding in Australia will cost an average of $44,000.
Over half of all couples end up spending more than they had planned. Find out here how to create a realistic budget for your wedding. The average cost of a wedding location is anything from $12,343 to $14,006. An Australian couple can spend a minimum of $6000 AUD on their wedding ceremony location. The cost of your event will be affected by the type of meal you order and whether or not there is a venue fee.
There is no universally accepted pricing structure for venues. It's up to you to determine whether or not the price is fair. Competitive market forces tend to keep prices low, so if your city or town has many options for similar venues, you may find one that fits your budget. Ask the venue what is and is not included in the pricing. The sales tax rate of your state will usually be applied to the venue charge. It is common practise for restaurants to add a service charge to the final bill, often between 18% and 24% of the total.
Content Summary
- Why do marriages cost so much?
- Don't be discouraged by the high average expense of a wedding.
- The words "expensive" and "stressful" may come to mind when you consider organising a wedding, but they are not necessary.
- Read on for some common wedding planning blunders and how to avoid them so that you can have a great time without breaking the bank.
- However, before you can even begin, you'll need to tackle the most difficult and stressful yet crucial aspect of wedding planning: the budget.
- A couple has to think about a lot of money while they are arranging a wedding.
- Your significant other and you will have a laundry list of items to buy and pay for in preparation for the wedding.
- The cost of large items like the location of the ceremony and reception, as well as minor ones like adding a second tier to the wedding cake, may all be estimated if a budget is established in advance.
- Despite the fact that some engaged couples are able to keep to their initial wedding spending plans, most end up spending more than they had anticipated.
- In light of this, we've created three infographics to help brides in Australia plan realistically for their wedding costs in 2020.
- The data shown in the infographics was compiled from renowned local wedding vendors in Australia and is representative of their typical pricing structure for a wedding with 150 guests.
- Prices and costs can differ considerably.
- Experts, luxury brands, central locations, and one-of-a-kind or personalised items typically cost 50% to 100% more than the market average.
- If you told a newly engaged couple that the typical cost of a wedding was equivalent to a down payment on a fantastic home, they might not know whether to laugh or cry.
- Considering that the national average cost of a wedding was $33,391 in 2017, the latter is the more likely choice.
- That's a hefty sum, and soon-to-wed couples have an uphill battle to save costs.
- There is a lot of money going out of the family budget before and during the wedding, from renting the venue to buying the bride's wedding day makeup.
- That's a hefty sum, and soon-to-wed couples have an uphill battle to save costs.
- There is a lot of money going out of the family budget before and during the wedding, from renting the venue to buying the bride's wedding day makeup.
- Making a realistic wedding budget is no easy task.
- If you're like most people, your wedding will be the most elaborate and expensive celebration you've ever thrown.
- To host 167 guests at a wedding in Australia will cost an average of $44,000.
- About a third of married couples pay all or most of the bill alone, while nearly a quarter pay none at all.
- To add insult to injury, over half of all couples end up spending more than they had planned.
- To create a budget, you should add up your savings, keep a precise spreadsheet to ensure you don't go over while planning, set aside money for unforeseen needs, and be prepared to make significant sacrifices if you end up spending more than you had planned.
- Find out here how to create a realistic budget for your wedding.
- What Is The Cost Of A Wedding Reception Venue?One of the first things to do when organising a wedding is to decide where it will take place.
- Because the cost of the venue may rapidly mount up to a substantial portion of your entire budget (on average, half of a couple's wedding expenditure goes towards the location, food, and rentals), it is important to conduct your research before making a final decision.
- It is common practise in Australia for engaged couples to spend between AU$3,000 and AU$11,000.
- The average cost of a wedding in 2019 was projected to be $33,900.
- Avoid unpleasant financial surprises by carefully reviewing the wedding celebration contract in its entirety before signing it.
- It's important to save up for any unforeseen expenses that may crop up after the wedding.
- The average cost of a wedding location is anything from $12,343 to $14,006, according to recent polls among brides.
- Tables, chairs, and linens, along with all food and drinks, are included in this price.
- Moreover, the amount spent on the venue will vary from couple to couple due to individual tastes, geography, and financial circumstances.
- Approximately 45 percent of your whole wedding budget should go towards this.
- You'd have a wide price range to choose from between the most affordable and the most extravagant venues.
- For a wedding with 50 guests, the following ranges represent what a couple may expect to pay at various locations in Melbourne.
- The cost of your event will be affected by a variety of variables, such as the type of meal you order and whether or not there is a venue fee.
- The price of a simple buffet meal and some nonalcoholic beverages is all you need to welcome your guests.
- Some newlyweds want to split the ceremony and celebration across two locations.
- So, what causes such a large disparity in cost?
- The majority of your reception's expenses are likely to be included into the price of your venue (and potentially some ceremony ones if you hold both events at the same place).
- The price tag for renting out a more upscale event space often reflects the higher quality of the venue's facilities and food service.
- Depending on the total cost, going the piecemeal route could save you money.
- There is no universally accepted pricing structure for venues.
- Thus it's up to you to determine whether or not the price is fair.
- When deciding between different locations, it's important to factor in every possible expense you might incur.
- Timing: On-Peak Vs.
- Off-PeakYour wedding venue's price tag will rise or fall depending on the time of year you choose to have your celebration, since the laws of supply and demand create high and low demand.
- Conditions of excessive heat or cold are often avoided by wedding parties (those months become off-peak).Choosing a less popular season of year or day of the week might be a simple way to cut costs on your wedding venue.
- For this reason, the on-peak event is over two and a half times as expensive as the off-peak wedding.
- Ask the venue what is and is not included in the pricing, what other items you may need to rent (such as tables and chairs), and if there are any additional costs that will be added to the final bill before signing a contract.
- The sales tax rate of your state will usually be applied to the venue charge.
- In addition, it is common practise for restaurants to add a service charge to the final bill, often between 18% and 24% of the total.
- Be careful to include in this substantial additional expense right now, since it might significantly affect your budget later on.
- You don't have to spend all your money on a lavish wedding just to prove to people that you're now a married adult.
- The total cost of your wedding is entirely up to you.
- You don't want to start your married life with a mountain of debt, right?Negotiate If Required.
- Negotiate carefully and politely if you feel it is required.
- If you have a wedding coordinator, they ought to know where to locate a wiggle room and what is reasonable.
- Additionally, you can cut your own rates.
- Asking vendors to reduce package inclusions would be a good idea.
- Total It All UpYou shouldn't give in to the pressure that your family, friends, social media, or spending reports are putting on you.
- The amount you spend on your wedding should not exceed your income, your ongoing costs, or any other financial goals you have.
- Plug in the figures after you've established a budget, choose the style of wedding you want and start comparing prices.
- Make use of our calculator so that you can better estimate the total cost of your purchase.