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How to plan a funeral on a budget

We want to give our loved ones the best, but if we don’t plan, a beautiful funeral can leave mourners in debt. This doesn’t have to be the case.

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Funerals are an opportunity to celebrate the life of the people we love, who are no longer with us. They are important for the grieving process and are often attended by large numbers of people. And they can be expensive.

The tips that follow can help you give your loved ones the funeral they deserve without breaking the bank.

As with anything else, the less money available, the more careful your planning needs to be. A budget will help you determine what you need to have and what you’d like to have. It will make it easier to make the tough decisions about what to keep and what to let go.

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The first step is to have a checklist of the things that need to be done for the funeral. Once you have this, you can get an idea of how much you are planning to spend.

Once you have a funeral-planning checklist, you can tell your friends and family how much you are planning to spend and get their support. Family members are generally willing to help at times like this and with the funeral-planning checklist, you can easily share with them the things you plan to do, and together you can plan who contributes what towards the funeral.

Friends, for example, can decide to pay for the singers and other relations or religious groups can contribute in meaningful ways by sponsoring an item of their choice from the checklist.

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Death, like taxes is inevitable so it is important to plan ahead, especially if you have elderly loved ones. A simple, flexible insurance plan with quick payout and a fixed term like Old Mutual’s Transition Plan is always a good option.

Download this Checklist to make sure you don't forget anything. Keep it handy and get everyone in the family to choose what they will help with. Funeral planning success is achievable when everyone is working from the same page.

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