The cost of weddings in Australia continues to rise, with couples paying an average of $36,200 for their big day.
According to market research by IBISWorld, over half of the cost of a wedding goes to entertaining guests at the reception, with food, alcohol and venue costs averaging $18,683 per wedding.
Source: ASIC, IBISWorld April 2012
Most couples have had to make financial sacrifices in order to afford such a large sum of money, including putting their social life on-hold [20%], delaying plans of buying a home [25%] or remaining unmarried [6%].
Source: ASIC MoneySmart survey, December 2013
Top money tips
To help couples prepare for their wedding, we reached out to our network of friends and Stockspot clients to ask them for their money tips based on their experience.
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