While a death in the family is a tragic time, it is also a chance to say good-bye to a loved one in a meaningful way. Unfortunately, many people consider spending a lot of money to be the only meaningful way of bidding someone farewell. In this rough economy, it is no wonder that some people are looking for savings in any place that they can find them.
We have provided a few tips and tricks for you to save money on your relative’s funeral. Even though it is an important time to grieve and pay homage to their life, it does not have to be an incredibly expensive routine.
Increasing Funeral Costs
For the past few decades, insurance costs have gradually increased, which has caused numerous people heartache. Men and women with fixed income cannot afford to pay over $10,000 for a traditional funeral and burial. Even on the low end, a traditional burial can cost upwards of $2-3,000, which is still a lot of money. Here are some of the ways you can save money when you are dealing with a funeral that could cost a lot of money:
- Take advantage of military – many people do not take advantage of the fact that military veterans, despite their relatively small percentage in the population, are able to get a free spot in a military cemetery. This can save a ton of money on a funeral and they will get the same send-off.
- Skip any package deals – even though it might seem easier and cheaper to get a package deal on burial plots, it actually ends up being more expensive in most cases. Instead of spending your time on this, find separate plots.
- Closed-casket is far cheaper – if you are trying to find a way to save money instantly, a closed casket funeral can do the trip. Without the embalmment costs, you can find thousands of dollars in savings.
- Cremation – as you might suspect, we think cremation is a fantastic way to save money and still page homage to your relatives at the same time. Doing this will greatly ease your budgetary concerns.
Don’t feel guilty about trying to save money at a relative’s funeral. You can still respect and love them without spending gargantuan sums of money in order to bury them. Use these tips and you can avoid some of these typical problems.