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Podcast: How to plan a realistic wedding budget

Posted: 1 July 2020 10:51 pm
News

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Don't say "I do" to debt: Tips and tricks to create a realistic wedding budget, cut back costs and avoid debt on your big day.

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Getting married isn't just a huge commitment between you and your partner, it's one of the biggest financial decisions you'll make in your life. According to MoneySmart, the average wedding in Australia costs $36,000. However, we know that many Aussies spend way beyond this average on their big day. While some couples budget and save to pay for their wedding, others go into debt to say "I do". Money Smart also found that 60% of Australians got a loan and 18% used a credit card to pay for their wedding.

There are ways that you can plan your perfect day without blowing your budget. To find out how, Kate and Sally chatted with Genevieve Lehunt-Alderman of the "I'm Getting Married" podcast. Gen breaks down how to plan a realistic wedding budget, what you should splurge on and what you can DIY as well as the common money mistakes that newlyweds make.

Mentioned in this episode:

I'm Getting Married podcast

Finder's guide to weddings

Money Smart wedding research

Read the transcript of this episode

The Finder Pocket Money podcast is intended to provide you with tips, tools and strategies that will help you make better decisions. Although we're licensed and authorised, we (and our guests) aren't providing any form of financial or legal advice. So please consider your own situation and get proper advice about your individual circumstances before making any decisions based on anything on our show. Thanks for listening.

Have questions for the Pocket Money crew? Want to suggest a future episode idea? Hoping to speak with other curious young adults sorting through their lives and their money?

Pocket Money is hosted by Sally McMullen and Kate Browne, produced and directed by Ankita Shetty, with editing by Brianna Ansaldo of Bamby Media.

finder.com.au (ACL 385509. CAR 432664) is Australia's most popular comparison site. We like to help, and while we understand that our podcast provides information, insight and entertainment, it's not personal advice. Consider your own circumstances and get advice before you make any decision based on our general comments and commentary.

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