Dealing with the loss of someone you love one can be a very emotional time. If there weren't any arrangements for their funeral made prior to them passing away, such as a small life insurance policy or money set aside, someone will need to pay the bills related to the funeral. With the typical funeral costing as low as $7,000, you may not have the money on hand to pay for it. These tips can help you understand how to finance a funeral or lower the costs.
Look Into Funeral Aid Programs
It's possible that your state has financial aid programs that are designed to help people with low-incomes pay for a loved one's funeral costs. A few examples include:
- Colorado – Offers $1,500 for people on Medicaid
- Washington DC – Offers $800 for a burial, $450 for cremation
- Indiana – Offers $600 for funeral costs, $400 for cemetery costs
- Vermont – Offers $1,100
Each state and county may have their own aid programs that have restrictions. For instance, to receive aid you may have limits on how expensive a funeral is or how much money a family contributes to the total costs.
Ask About a Payment Plan
A funeral home may allow you to have a payment plan to help cover all of the costs related to a funeral. Keep in mind that it still may require a deposit to cover a portion of the bill up front. A funeral home also may not allow a payment plan at all. Make sure you discuss this at the beginning of the inquiry process if you need to have a payment plan to help finance it.
Reduce Funeral Related Costs When Possible
You should never go into debt when paying for a funeral cost, so try to keep costs low whenever possible. Remember that you are honoring the life of somebody that passed away, and you do not need to make a funeral expensive or overly elaborate to do so.
One way to save money is to not have an open casket funeral. This will help you save on the costs involved with preparing the body. Having a closed casket funeral may be beneficial in some ways, because you will not have to worry about someone you love looking a different than expected at the viewing.
Consider having a short visitation time as well. While it is common to have a viewing be all day at a funeral home, you may find that a shorter viewing time is beneficial. It will help ensure that everyone shows up at the same time, so everyone will be sure to see each other.
For more tips on saving money on a funeral, speak with a funeral home director (such as Fletcher Funeral Home PA).