Certified Financial Planner professional, Matt Hern has three times been awarded as one of Australia's Top 50 Financial Planners by The Australian Financial Review Smart Investor. He is passionate about guiding you on the right financial choices to achieve what you really want. Matt Hern is an Authorised Representative of Charter Financial Planning Limited AFSL 234665. All information is general advice only.

19 responses to “Not So Average Wedding Cost”

  1. Rick from Novell wedding bands

    If you want to be a smart shopper, be sure to keep in mind to research all of the popular metals that are used for wedding bands today – platinum, palladium, gold, titanium and tungsten. Platinum is the most expensive, but also the most durable, so you get excellent value for your money. When you scratch platinum, the ring does not lose mass, and it can be refinished to look like new over and over. Gold will scratch off, and white gold isn’t naturally white, so it will turn yellow over time. If platinum is not an option, then I would consider palladium. Palladium is the better choice over white gold if platinum is not a possibility.

    And while I like the look of tungsten and titanium wedding bands, they can not be sized. So keep away from the pizza and beer, and make sure you renew that gym membership, too!

    For more help with metals, a free brochure is available here – http://www.novelldesignstudio.com/choosing_your_metal/index.php

  2. Fred Schebesta

    Woh, the old engagement ring price has really jumped. A def lot of saving to be done to hit the $49k mark!!!

  3. Jeff Haden

    I’m a wedding photographer (and ghostwriter – gotta love multiple streams of income) and it’s always surprising to see otherwise financially responsible people spend thousands of dollars because they feel they are supposed to. The wedding industry is a lot like the funeral business – lots of people measure “love” by levels of spending. I’d say roughly half of our clients borrowed money to finance the wedding… which to me makes no sense at all. Weddings can be memorable without spending thousands of dollars – the emotion of the day is the real value.

  4. The Importance of Having Weddings | Oracle Juice

    […] We both think that spending $30,000 on one day is ridiculous. And we will not spend that much. (Although apparently the average spent on a wedding is a lot higher.) […]

  5. Nicole

    How ridiculous, we are doing ours on a budget of $3000. This is a day to tell your friends and family that you want to spend your life together, that life should not begin with a $50,000debt! Its just getting beyond silly. We are having a dj, flowers, marquee reception, gourmet finger foods, wine and champagne, pretty dress made by a local dressmaker instead of an overpriced designer.
    With a bit of diy and some family and friend favours there is no need to break the bank, if I wanted to do it cheaper I could cut out some of the extra luxuries, but we can comfortably afford our budget without borrowing or expecting family to fork out cash.

  6. Di

    Our budget is $4,000 & I would love to shave it down to $3,000. All that money would be better off invested in a couples future. Seems to me that people are more concerned with having a fancy wedding, forgetting that a marriage comes after it. We’re making the day about the celebration of our love with our friends & family in a party atmosphere & doing a lot of the work ourselves (flowers, decorations, cake, photos etc), with the most expensive items being the reception & the cost of the celebrant – even my dress won’t cost as much as the celebrant. We’re excited about it, happy to be doing what we can ourselves & not stressing about any of it, unlike those who will find themselves in debt over 1 day.

  7. Nicole

    Our celebrant is also the most expensive thing, with the dress a close second. It is about asking what is really important. Yes I want a special day, and it will be special. But I don’t want to put our future happiness in jeapordy for that one day.

  8. janine

    Rubbish! 50 grand my arse!

  9. christina

    Hi Matt

    You chose an emotional subject here! So many brides do class this as the biggest day in their life as its been a goal of theirs since they were little girls and they expect their intended to be prepared to fork out the cash for it and make it a special day with all the trimmings. Funny enough a lot of the guys are also getting into the wedding planning of it all as a joint fun exercise. You can be smart on your wedding finances by shopping for everything on the internet not only from Australia but look overseas as well. Oh and as the saying goes “you only do it once” so why not splurge it’s only money and you do not know what is around the next corner of life!

  10. Anna

    With the average bride being older and more educated I am not surprised she can splurge. Plus the delay on having children should have a cost saving on the short term (Who cares at that point about having to fork out for IVF later on). So I am not surprised at all over the average.
    At the end of the day is about afordability and choices.
    I have met a lot of people who spend $500 on regular basis on weekends in alcohol and food. Or those who pay for boating or expensive trips overseas.
    So if you want to get married, go for it, spend what you can afford. And more importantly on what you and your fiance want.
    Do haggle though, shop around, use the internet and be decisive. (Seriously beige 22 vs beige sparkly 43, choose the cheapest!)
    And if you think someone is going to be judging you over how much you will spend…
    Simple don’t invite them and save yourself some $$…
    Remember there is a lot of people who want to get married in the world and can’t
    (My heart goes to my gorgeous gay friends)

    So either bring a picnic basquet or go a bit over the top. Whatever you can afford.
    Just keep your priorities right, the most difficult thing to find and most expensive you already have. The groom…

  11. suzie

    Im doing my wedding in rural nsw for $17-19,000. that’s after shaving costs. And im not financing anything, doing it all from savings. We have stayed engaged for as long as it has taken to save for it, because i dont believe you should buy things you cant afford!

    Ive shaved costs by getting my dress new with tags (afred angelo) off ebay for a few hundred, most of the decore is off ebay, silk fowers from overseas (yep-ebay), using our own cars as wedding cars, and having a small bridal party! Im borrowing a lot of things, and not hiring things, when you can buy them online for the same amount and resell to get some cash back!

    And most importantly, im only inviting who i want there, not who i ‘feel i should invite’. If you wouldnt usually pay $60 a head to go to dinner with that ‘guest’ when you see them, then dont invite them! One other thing- im the ‘i’ll pay for it myself bride’ so that kind of helps me get away with not inviting 2nd great aunt watsa name, and not having to have some kid i dont know in the bridal party!

  12. Evee

    Ha! I was budgetting for about $3000, then it add up to $4000 and then it keeps on adding up, now a wedding that I thought it was going to cost me $3000 to $4000 is costing $10,000… it’s crazy! you mentioned the word “WEDDING” and everyone sees the $$$$$.
    I thought that if we did a high tea, not a 3 cours sit down dinner it will take the price down, but no…is all about the same, because it just keeps on adding up.

    We are making most of the work our selfs too, te flowers, decorations, cake photography. we found the most beautiful little farm to have the wedding at but the cost of a marque (incase of rain) has just takend the prize sky rocket, no to mention that caterer. The caterer along is costing us $5000, our families did offer to do the catering for us but we do want them to enjoy the day too and no to be stressed out about food then you add up the cost of the decorations, even if you are making them your selfs you still need to add the cost of the materials…

    I thought I was smart by choosing a ring that cost less than $1000, all because we wanted to save for our future together.

    If you can pull a wedding with a $3000 to $4000 budget, then you go girl! but believe me when you add everything up it, it adds up. Your dress, the grooms suits, the food, the venu, the decorations, the invitations, the venu, the photographer, the flowers, the honeymoon, (even if it’s just for 2 days) …. and it goes on and on and on, so please if you can do it for $4000 please let me know.

  13. The Cost of Weddings…For Guests | Colours of Sunset

    […] to be in excess of $30,000. In fact, the average cost of a wedding in Australia, according to Money Guide was just under $50,000 in 2009. Everyone knows it is expensive to pay for a wedding (not always, […]

  14. Suz

    Wow, arn’t there so many STUPID people out there willing to pay 50k+ on one day! Yeah, weddings are a special day in a couples life and should be unique and tailored to a couple. I have a $3000 wedding budget, and with pulling in some favors from friends and family (my mother in-law has a nice BMW, a Harley Davidson motorbike for the groom, a photographer who is learning her trade who i found on facebook through a mutual friend, also the cake and cake maker who i also found on facebook), i will be set with my budget. My celebrant will be the biggest cost of the day, followed by the reception, and i plan on having a gorgeous beach wedding followed by a absolute piss up and party in a cocktail style reception. We want only a closest friends and family their to share our day and we know that our day will be unique and special, something we will remember for the rest of our lives. And you now what, i wont be paying it off for the next 10 years, in fact i wont even fill the sting as we are paying it as we go. 10 month count down! We cant wait!
    Many friends have told me that ‘their wedding cost 11k and thats what weddings cost’ and another said that ‘a cheap photographer wont capture your day how it really was’! I say im having the best wedding we can afford, not the best wedding WE can PAY OFF!

  15. Karen

    Wow, I am a wedding planner/decorator in the Brisbane area and it saddens me to think that people look at $$$ signs when the word wedding is mentioned.

    I am currently doing a wedding for a couple with 110 guests which consists of a beach ceremony, reception at a local club,all the decorations, backdrop, lights, centrepieces, bali flags, flower balls and stands, easel with seating plan, decorated arch, cameras, guestbook, pen, server set, glasses for the whole bridal party,(14 in total) wishing well, chair covers, sashes and table runners, save the date notices and invitations and more for $4000.

    Black and White Crystal themed wedding, very elegant.
    I can,t stress enough how important it is for all Brides to shop around as there are genuine decorators out there that don,t charge an arm and a leg.
    I have seen some very shabby wedding decor out there that cost a fortune, make sure you check a few places out and compare prices.
    Good Luck

  16. Nooree

    Karen can I have your details!?

  17. Ros

    Can you please organise our wedding Karen.

Leave a Reply

4 − = 3