When planning a funeral, you may be surprised at all the things that go into a funeral ceremony. From food to casket, to burial plot it can add up really fast.
In this article, we are going to share with you 3 tips to save money and 3 actionable items that vary drastically in price that you will be able to cut costs.
Ways To Save
1. Set a Budget
Firs thing is first. Set a budget and stick with that number. Whether you’re in a middle of a situation or foresee the situation, it’s important to get a number down and start saving or put the money away now. By waiting until something happens, it adds stress and emotions to the situation.
History shows we are not good decision makers in the middle of emotional turmoil. Set your budget now and start planning.
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2. Do NOT Disclose Your Budget
Just like you should never tell a car salesman your budget for a monthly car payment, you should never tell a funeral representative your funeral budget upfront. Telling them upfront what you can afford gives them leverage and will always quote higher and sell you more than you need.
The best way to approach this situation is by saying “I want to spend as little as possible.” Then, have them give you numbers and work from that. This protects you and gives you leverage when negotiating.
3. Shop Around
Unfortunately, there isn’t a resource that has a list of local options when it comes to funeral arrangements. Therefore, you’ll have to do some shopping around.
Look at reviews, ask friends, get recommedations from people you know. Then, take that list and call each place individually to set up a time to meet. By law, funeral homes have to provide you with a brochure when you visit. However, they do not have to disclose their prices on there.
As tedious as it may be, to save money you are going to have to shop around and put some effort into getting the best deal.
Actionable Items You Can Save On
Catering has a wide price range. Depending on what restaurant you want to use and how many people will be attending, the food cost can add up quickly for a funeral.
You can save alot of money by creating a meal menu and going to Costco and buying the items yourself. From there, find friends and family who are willing to help put together a presentable meal.
Caskets are an area where you can really save money. The price range for caskets are anywhere from $1,000 – $10,000 or more! Fortunately, the average price of a casket is around $2,500.
However, if you are really trying to save money, you can easily find a simple and reasonable casket for $1,000, maybe even a little less. Be sure to always look at reviews to make sure what you are ordering is good quality.
A burial plot is the area of ground at the cemetery where the casket is buried. Depending on your burial preference, burial plots can cost anywhere from $1,000 to over $10,000.
The best way to save on burial plots is to compare the prices of idyllic burial plots with less charming locations in the same cemetery.
Best Way to Save?
Have the Funeral Service at Home.
Having the service at home will take away many of the costs of a funeral. You can save even further by doing a cremation as opposed to a burial.
This is a big event that only happens one time. While there are services that can do it all for you, there are ways to cut costs tremendously.
If you do not think you’ll be able afford the cost of a funeral, we have helped thousands of families save money with a burial insurance policy at an affordable monthly rate.