There are a lot of figures thrown around when it comes to nuptials. Word on the street is that $30-40k is the norm, but it seems that to find the true figure, you need to knock several thousand off that… maybe more.
According to a new survey by ServiceSeeking.com.au, one in five (20 per cent) who married in the last five years managed to keep their budgets to below $5,000. A further 28 per cent married since 2010 kept costs to no more than $10,000.
So what happened to the big lavish weddings we hear so much about? With just four per cent of respondents admitting to spending in excess of $50,000 in the last five years, it would appear there really is a price on love – and it’s not as much as you think.
So where are the savings being found? Well, sixty-six per cent of brides were still able to have their hair done and 69 per cent still hired a venue. But 28 per cent made their own invitations to save costs, 17 per cent had a friend make the cake and 19 per cent used their own cars or DIY’ed flowers so they could spend their budget elsewhere.
Interestingly, 53 per cent of people married in the 70s spent less than $5,000 – compared to 20 per cent who spent the same amount on a wedding in the last five years. But the average weekly wage in 1975 was $155.90 (Australian Bureau of Statistics); today it is $1,516.
For a pricing guide on expected wedding costs which was calculated from a recent survey of more than 1,400 ServiceSeeking.com.au customers, visit their website here.
And look, it really doesn’t matter how much you spend on your big day really. The important thing is that it’s a reflection on your love and you create memories that you’ll want to keep with you for the rest of your life.