According to the Australian Securities and Investments Commission’s latest data, the average wedding in Australia costs $36,200 with the bulk of the cost going towards food and alcohol. This infographic breaks down where the money typically goes, along with tips on how you can save a few bucks here and there.
Weddings are crazy. Even marriage is a bit crazy. In Ancient Greek mythology, Hymen was the god of marriage, which tells you everything you need to know about the relevance of this archaic ceremony in modern times. Nevertheless, most couples still spend a small fortune to commemorate their decent into civil matrimony. Whatever floats your boat I guess.
Below you’ll find ASIC’s breakdown of average wedding costs as well as where the money typically comes from (not surprisingly, parent contributions and bank loans figure prominently).
How much did you spend on your wedding? Horrifyingly, some of our female colleagues indicated that the $36,200 estimation was far too low. Apparently, something in the region of $60k is more accurate. Personally, I’d rather put a deposit on a new house. Tradition, eh?
How much can a wedding cost? [MoneySmart]