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1) Have your solemnisation ceremony and reception at the same place.
If you're having your ceremony at a church, mosque or temple, pick one that has space for receptions and functions. You can probably rent the space at a nominal rate and dress it up for your reception. This will save you money from renting another place for your reception.
There are also quite a few restaurants and cafes which will allow you to have your solemnisation ceremony at the venue if you're booking the place for your reception.
2) Less tables, less decor!
Pick long tables or larger round tables that can sit more people; with less tables you will require less floral centrepieces and table decor.
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3) Buffet style
Besides being cheaper than catering a sit-down meal, you don't really need many tables or complicated set-ups for a buffet reception. You can make do with a few cocktail tables and more seats.
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4) Foliage & ornaments
Instead of flowers, try other cheaper options for your centrepieces - you could even use pretty ornaments like shells and paper pom poms! Create pretty centrepiece with your guest favours - stack beribboned gift boxes of macaroons! - and you can kill two birds at on go.
5) Non-alocholic please
The great thing about receptions, especially if it's a daytime affair, is that you can forgo the beer and wine. Stick to fruit punches and a few bottles of champagne for the toast (if you're planning to have one).
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6) Pot-luck party
I've been to a few receptions where family and friends contributed their own dishes - be it dessert items like cakes or biscuit favors, to main dishes like fried noodles and salads. If you're having a large number of guests, cater the main dishes but let your family and friends whip up the desserts. Not only do you save, but its also a nice personal touch to your celebrations.
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7) DIY decor
Most daytime receptions are casual affairs so you can have your pals and family chip in with the decor. Have a plan and get them to DIY as much stuff as they can - from the floral centrepieces to the floral arch and streamers for the venue.