How To Save Money On A Funeral

The Rising Cost of Funerals

Funerals can be expensive so it’s very important to learn how to save money on funeral costs. In fact, the cost of funerals has risen significantly since 1980 and is expected to continue rising.

According to the National Funeral Directors Association (NFDA), the average cost of a funeral in 1980 was around $2,500. Today, the average cost of a funeral is around $8,000 to $10,000, which represents a significant increase.

Funeral costs have increased for a variety of reasons, including inflation, increased costs for funeral goods and services, and the growing trend of personalized and elaborate funeral services.

The rise in funeral costs has made it more important than ever for families to be proactive about planning for funeral expenses and seeking ways to save money.

Here are 10 ways to save money on a funeral

1. Consider a direct cremation: A direct cremation skips the funeral service and is often the most cost-effective option.
2. Have a memorial service instead of a funeral: A memorial service can be held at a later time, or even virtually, and is often less expensive than a funeral.
3. Use a funeral home that offers cremation with a service. Some funeral homes offer cremation services for a much lower cost than traditional funeral services. The major savings is that there is no casket or cemetery cost but, the family is still able to honor their loved one with a ceremony.
4. Choose a simple casket: There are a lot of casket options and many times people overspend for the sake of style. A simple casket is often inexpensive and is still a dignified option for your loved one.
5. Consider having a graveside service: A graveside service is often less expensive than a traditional funeral service, and can still be a meaningful way to say goodbye.
6. Shop around for funeral services: Get multiple quotes from funeral homes and compare the services and costs. All funeral homes do not charge the same price.
7. Pre-plan and pre-pay: Pre-planning and pre-paying for funeral services can help you lock in a lower cost and ensure your wishes are followed.
8. Don’t get multiple limousines : The funeral coach and one limousine for the closest family members is enough.
9. Use a funeral home that allows you to bring your own flowers: Bringing your own flowers can save you the cost of funeral flowers which are often marked up significantly.
10. Consider using a mortuary science program: A mortuary science program can provide lower-cost embalming and funeral services for those who are eligible.

Remember, it is important to focus on honoring the memory of your loved one and not just on saving money. However, there are ways to have a meaningful farewell while still being mindful of costs.

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