One of the first steps of planning a wedding is setting a realistic budget.
For any couple – whether it’s your first time or not – this can be a stressful time as values, standards and capabilities are now all on the table.
And with money one of the main causes of arguments between couples, it’s easy to put budgeting off in favour of keeping the peace.
But here’s the thing: setting a realistic budget that you both agree upon will help you both keep on top of your finances, and prevent arguments in their tracks.
Not sure where to start?
We’ve broken down each part of the cost of your wedding into percentages and categories, rather than dollar figures. So regardless of how much you can afford, you’ll be able to calculate how much you’ll need for every part of your wedding day.
Other things to consider
How much does a wedding cost?
The Australian Securities and Investments Commission's MoneySmart website has an infographic suggesting the average cost of an Australian wedding is $36,200 although trends tell us in 2017 budgets can soar to heady heights of anywhere up to $65,000. Gulp.
How much you’ll need for your wedding depends on a few other factors.
Guest List Size
If you have a sizeable guest list, this is going to dramatically affect the cost of your reception. The more guests you have, the more catering, cake, alcohol and furniture you’ll need.
No matter your budget, our free directory has a wedding venue for your budget.
Time of year
When you’ll get married has quite an affect on the cost of your wedding. Summer weddings can be quite expensive, as you pay for peak season prices. This applies for venues, and also vendors.
The day of week can also add a premium to your wedding cost, with weekends being the most expensive days to host a wedding.
It’s easy to blow out your wedding budget when you only pay“just that little bit extra” for the nicer wedding invitations or floral arrangements. Consider what you will and won’t compromise on (out of season roses versus in season gardenias), and remember that you have a budget to stick to.
Who pays for the wedding?
Back in days before women could legally vote, the bride’s family paid for the entire wedding. Today, it’s more common for the bride and groom to split the cost evenly, depending on your family’s cultural values, background, ethnicity, and of course, financial position.