5 Creative Ways to Finance Your Dream Wedding


A wedding celebrates love, commitment, and the start of a new journey together. It is a day that every couple dreams of and wants to make it perfect in every way. However, the reality is that weddings in Australia can be incredibly expensive, and the costs can add up quickly. According to a recent survey, the average wedding cost in Australia is approximately $36,000, with some couples spending much more than that.

Planning and setting a realistic budget can help couples avoid financial stress and make their dream wedding a reality.

In this blog post, we will discuss five creative ways to finance your dream wedding in the Australian context. These options range from crowdfunding to personal loans and DIY weddings, providing couples various options to suit their financial situation and preferences. Couples can plan a beautiful and affordable wedding by exploring these creative financing options.

Option 1: Crowdfunding

Crowdfunding has become an increasingly popular way for couples to finance their dream wedding. Crowdfunding involves contacting friends, family, and strangers on social media platforms to request donations to help finance the wedding.

Pros and cons of crowdfunding for a wedding

The advantages of crowdfunding are that it can be an effective way to raise funds quickly and without the need for collateral or credit checks. However, there are also some downsides to crowdfunding. For example, some people may feel uncomfortable asking for money, and there is no guarantee that the crowdfunding campaign will be successful.

Setting up a successful crowdfunding campaign

To increase the likelihood of a successful crowdfunding campaign, here are some tips for setting up a campaign:

  • Set a realistic goal: Determine how much money you need to finance your wedding and set a real goal for your campaign.
  • Create a compelling story: Share your love story and explain why your wedding is important. Use photos and videos to create an emotional connection with your potential donors.
  • Offer rewards: Consider offering rewards to donors who contribute to your campaign. Rewards could include personalised thank-you notes, wedding favors, or even a wedding invitation.
  • Promote your campaign: Share your campaign on social media, email, and other platforms to reach a wider audience. Be sure to include a link to your crowdfunding page.
  • Say thank you: Show your appreciation by thanking your donors and keeping them updated on your wedding planning process.

Successful examples of wedding crowdfunding campaigns include couples who have raised enough money to pay for their entire wedding, including the venue, catering, and even their honeymoon. With the right planning and execution, crowdfunding can be a viable option for financing a dream wedding.

Option 2: Personal Loans

Another option for financing a dream wedding is to take out a personal loan. A personal loan is an unsecured loan that can be used for any purpose, including wedding expenses.

A personal loan offers a fixed interest rate and a set repayment period, making it easier to budget and plan for payments. Personal loans can be obtained quickly, and the funds can be used for various wedding expenses, such as the venue, catering, and decor.

However, there are some downsides to consider when taking out a personal loan for a wedding. For example, personal loans can have higher interest rates than other types of loans, and if the loan is not repaid on time, it can negatively impact the borrower's credit score.

To ensure that you get the best possible rate on your loan, here are some tips:

Shop around

Look for lenders that offer competitive rates and favorable terms. Consider both online lenders and traditional banks.

Check your credit score

A good credit score can help you qualify for lower interest rates. Check your credit score before applying for a loan and take steps to improve it if necessary.

Choose the right loan term

A shorter loan term can result in higher monthly payments, but it can also save you money in the long run by reducing the amount of interest you pay.

Avoid borrowing more than you need

Only borrow what you need to cover your wedding expenses, and resist the temptation to take out more than necessary.

Read the fine print

Ensure you understand the loan terms and conditions, including any fees or penalties for late payments.

Calculate your car loan repayments

Loan amount:



    Loan term (years)





    Interest rate


    Comparison rate

    We match your unique profile to the best rates from across 30+ lenders.

    It's also important to consider the risks of taking out a personal loan for a wedding. If you can make payments on time, it can positively impact your credit score and result in additional fees and penalties. Before taking out a personal loan, consider your ability to repay the loan on time.

    Option 3: Credit Cards

    Credit cards can also be a way to finance a wedding. Credit cards offer a convenient way to pay for wedding expenses; many offer rewards or cash back for purchases.

    The advantages of using credit cards for a wedding are flexibility and convenience, and some cards offer rewards or cash back for purchases. However, there are also some downsides, such as high-interest rates and the risk of accumulating debt.

    To use credit cards responsibly for wedding expenses, here are some tips:

    • Use credit cards with low-interest rates: Look for credit cards with low-interest rates to minimise the amount of interest you will pay on your balance.
    • Pay off balances in full each month: To avoid interest charges, pay off your balance in full each month.
    • Set a budget: Set a budget for your wedding expenses and stick to it. Avoid overspending and only use credit cards for necessary expenses.
    • Monitor your credit utilisation: Keep an eye on your credit utilisation rate, which is the percentage of available credit you use. High credit utilisation can negatively impact your credit score.
    • Avoid cash advances: Cash advances come with high fees and interest rates, so avoid using credit cards for cash advances.

    To avoid credit card debt, it's important only to use credit cards for necessary expenses and to pay off balances monthly. If you cannot pay off your balance in full, make at least the minimum payment on time to avoid late fees and penalties.

    Get your lowest rate from 30+ lenders

    Option 4: Wedding Package Financing

    Wedding package financing is another option for financing a dream wedding. Wedding package financing involves working with a wedding venue or vendor to finance your wedding expenses.

    The advantages of wedding package financing are that it can offer a convenient way to finance your wedding. Many venues and vendors offer financing with low-interest rates or no interest for some time. Additionally, wedding package financing can simplify the wedding planning process by providing a one-stop shop for venue and vendor services.

    However, some risks are also to consider when using wedding package financing. For example, if the wedding vendor or venue goes out of business, you may have unfinished wedding plans and a debt to pay. Additionally, some financing plans may come with hidden fees or penalties.

    To find the right wedding package financing plan, here are some tips:

    Shop around

    Look for wedding venues and vendors that offer financing options. Consider both traditional wedding venues and non-traditional options, such as restaurants or private estates.

    Read the fine print

    Read the terms and conditions of the financing plan carefully, including any fees or penalties for late payments.

    Compare interest rates

    Compare the interest rates and terms of different financing plans to find the best option for your budget.

    Consider the reputation of the vendor or venue

    Before committing to a financing plan, research the vendor's or venue's reputation to ensure they are trustworthy and reliable.

    Have a backup plan

    In case of unexpected circumstances, have a backup plan if the wedding vendor or venue cannot fulfil their obligations.

    Before committing to a financing plan, consider the risks and benefits of wedding package financing. Careful research and planning can help ensure a successful and affordable wedding.

    Option 5: DIY Weddings

    DIY weddings are becoming more popular as couples seek creative and affordable ways to celebrate their special day. A DIY wedding involves planning and executing all or some of the wedding details yourself rather than hiring professionals.

    The advantages of a DIY wedding are that it can save money, allow for more personalised touches, and provide a sense of satisfaction from creating your wedding. However, there are also some downsides to consider, such as the time and effort required to plan and execute a DIY wedding and the potential for added stress and pressure.

    Tips for saving money on a DIY wedding

    To save money on a DIY wedding, here are some tips:

    • Choose a budget-friendly venue: Look for budget-friendly venues, such as public parks or community centers.
    • Simplify the guest list: Keep the guest list small and intimate to save on catering and other expenses.
    • DIY decorations: Create your decorations using fabric, flowers, and lights.
    • Make your own wedding favors: Personalise them by making them yourself. Consider homemade candles, soaps, or other small gifts.
    • Serve a DIY meal: Have a potluck-style meal or create your buffet-style meal to save on catering costs.

    Ideas for DIY wedding projects

    For DIY wedding projects, here are some ideas:

    • Create your own floral arrangements: Purchase flowers from a local farmer's market or grocery store and create your own floral arrangements.
    • Design your own invitations: Use online tools to create and print your own wedding invitations.
    • DIY photo booth: Create a photo booth using a backdrop and props.
    • Make your own wedding cake: Create your own wedding cake using a pre-made mix or from scratch.
    • Create your own centerpieces: Use items such as candles, flowers, or fruit to create your own centerpieces.

    A DIY wedding can be a fun and creative way to celebrate your special day while staying within your budget. However, it's important to be realistic about your time and skill level when planning a DIY wedding. Careful planning and organisation can help ensure a successful and memorable DIY wedding.


    By planning ahead, setting a budget, and exploring different financing options, you can make your dream wedding a reality without breaking the bank. Remember, the most important thing is to celebrate your love and commitment to each other meaningfully and authentically.

    If you're looking for wedding loans that offer flexibility, convenience, and competitive rates, Driva is certainly worth considering. With Driva, you can get your personalised wedding loan quotes in just minutes and compare 15+ lenders with 100% fee transparency.

    Be sure to research and make an informed decision that fits your unique financial situation and needs.

    Philana Kwan

    Philana Kwan is the marketing coordinator at Driva she has a demonstrated history in customer service excellence and is knowledgeable in all things car and finance related. When she’s not working Philana enjoys learning new things and keeping up with the latest trends in marketing and technology.

    Find your best car loan in 60 secondsUse our free loan matching tool to assess your options.Start Now
    Recent Posts

    We search far and wide for your best rate, so you don’t have to!

    Start Now
    Find your perfect loan match in 60 seconds
    Get your FREE quote