SAVVY WAYS TO SAVE FOR A FUNERAL

Life insurance: By taking out life insurance you are able to control how the life cover payout should be used to support your family in the event of your passing. Depending on the circumstances of the death, a life cover can be processed relatively quickly and this could free up extra money to cover any shortfalls in funeral costs.

Crowd-funding: This is a big ask, but if you’re able to put your ego to the side, then the emerging international trend of raising funds to assist with funeral costs could be one way of ensuring you don’t take on debt to pay for the funeral.

Bury your loved one sooner: It might be time to take a page out of the Jewish and Muslim cultures where loved ones are traditionally buried within 24 hours of their passing. You don’t have to bury your loved one this quickly, but it will ultimately save you thousands on groceries to feed visitors paying their condolences.