Cheap weddings are the norm, not the exception, with 32 per cent of people admitting they spent less than $5k on their nuptials.
A new survey by ServiceSeeking.com.au has revealed that one in five or 20 per cent who married in the last five years still 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.
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“That money which many previously lavished on big weddings is probably being funnelled into larger mortgages,” says ServiceSeeking.com.au CEO Jeremy Levitt.
“But sticking to a budget doesn’t mean cheap and nasty. Even those on the stringiest of budgets can find many of their wedding services easily online and at a fraction of the price they are expecting.”
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); now it is $1,516.
It is a common perception that mentioning the word wedding applies a surcharge to your quote, but that’s not the case when hiring services through ServiceSeeking.com.au.
For a pricing guide on expected wedding costs, click here.
Statistics are from a recent survey of more than 1,400 ServiceSeeking.com.au customers.