With the cost of living rising at an alarming rate, it’s perhaps not surprising that 1 in 5 are also having to borrow money to cover that shortfall.– the longest-running study into funeral prices – revealed this year that the average cost of a funeral is now estimated at £4,054.
But a third of people didn’t make provisions towards their funeral costs before they passed away. So it’s not surprising that some families said they had notable financial concerns when it came to making up the cost of their loved one’s funeral.Of those who had to make up the shortfall, over half had to borrow money to cover the funeral costs. They turned to borrowing from friends and relatives, some used credit cards, and others took out a personal loan to help.
Another tip that came up time and again was to shop around. Less than 1 in 5 people got more than one quote when organising a funeral. But speaking to multiple funeral directors means you could get more for your budget. Lots of people also opted for simple, personal touches to give their loved one a special goodbye. Digital photo montages, playlists of their loved one’s favourite music, and light-hearted dress codes were all popular choices. Organising a funeral is never an easy task, so SunLife has put together a simple guide on
SunLifeUK Scurrilous article. No-one needs to get into debt for a funeral. People make choices. I've chosen to leave my body to Leeds University. Should a cremation be necessary it costs £550. My children will have a memorial if they decide. It will be at their cost.
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