Planning Funeral Finance: How Much Does a Funeral Cost?

Funeral finance to cover the cost of a funeral isn’t something that many consider when making financial plans or factoring in upcoming bills. Bereavement coupled with challenging financial burdens isn’t an entirely pleasant situation to dwell upon. If however, you end up at that point then first and foremost, relax. You have options and the first thing you need to know is how much funeral finance you will need to cover the cost of the funeral.

Needing a funeral loan isn’t uncommon because most people start organising a funeral with little to no idea of the cost of a funeral, so our guide covers the key elements to consider when deciding if and how much funeral finance you will need.

Only recently, the Royal London’s National Funeral Cost Index announced that the average funeral in 2018 to cost around £3,757. This was a very slight dip compared to £3,784 only the year previously.

It’s very important to know what goes into these costs, what options you have and firstly if you can reduce costs. There are many different options to choose from that alter the costs significantly within the same location. Understanding what makes up the bill and what will suit your arrangements is vital.

Funeral Finance for cremations or burials?

Recently quantified data from the RNLF found noticable difference in overall price for burials and cremations. The average overall price for a funeral with burial was £4,267 while same figure for a funeral with cremation was £3,247.  A reduction in your overall funeral finance loan requirement can be achieved by deciding upon a direct cremation.

A direct cremations is when the body is collected from the mortuary and cremated at a convenient time. You can consider this option to be a streamlined version of a normal cremation. No ceremony is performed beforehand but this doesn’t mean you cannot hold one. Many who decide upon a direct cremation will take the ashes and hold a ceremony when scattering them as a farewell.

Funeral director or self-arranged funeral

A significant saving can be made by opting to arrange the funeral yourself instead of using a funeral director. However, it is important to factor in that this reduces the pressure and stress upon yourself at a time when personal anxieties will be increased. Funeral directors are there to take the weight of the arrangements and know the process up and down so do not take the option to self-arrange lightly and without any support from friends of family.

Funeral Finance partner quotes

Recent data from the National Funeral Cost Index showed that funeral arranging expenses vary significantly from regional and local level. If you’re going to need funeral finance then compare quotes from the funeral directors who are able to offer finance.

Ask for help and accept offers

When the death has occurred, friends and family members will want to offer their help. Make sure to take them up on the offer and have them assist with food and drink after the funeral ceremony. The offers are sincere from offering up their house as a venue to assisting with catering costs or preparation of food.

Funeral Finance for coffins

Funerals in UK do not legally require that a coffin be used. While this may seem like a saving to make without thought, remember that the body must be covered in public areas and cremation will almost always require a coffin. The use of a shroud is one option whereby just a layer of cloth is used to cover the body. There are always options for budget coffins also.

Natural burial ground options

This type of burial is always cheaper than a traditional cemetery. Finding a natural burial ground nearby you is either a task your funeral director can complete or if you’re self-arranging then there are plenty of online directories with this information.

Your cremation options

Funeral finance commitments can be reduced by choosing cremation at a less popular time slot like a very early morning. Using local authority run crematoriums instead of private ones can also help bring over all costs down.

Funeral finance for director fees

Funeral finance offering directors won’t all change the same price so make sure to check what their actual cost is. Fees between directors can vary heavily depending on their services offered and situation. The average fee for a funeral director taking the body from collection to burial is just over £2,000.

Doctor’s death certificate fees

While not all Doctors and not in all areas of the UK, there can be a fee levied for inspection of the body and subsequent issue of the death certificate. The average cost for a death certificate in UK is £164.

Funeral Finance for Minister’s fees

Funeral finance often includes the ministers fee or whoever you choose to run the funeral service, religious or secular. This fee can vary quite a lot so do make sure you’re aware of the payment required before you agree.

Don't rush, be aware of your limits

While there are many ways to save on the overall costs of a funeral when deciding on the amount of funeral needed, remember to be aware of your own limits. There is no need to rush and bereavement is often the most stressful situation a person can find themselves facing so remember YOU in this. Funeral directors, family members and friends alike understand this. Start slowly by considering the basic elements like cost and style and before you know it you will be halfway through and then seeing your lost friend or family member laid peacefully to rest.