In recent years the death cost has risen rapidly. Many people have not considered how their funeral would be paid. This presents a serious problem for their friends and family who have to foot the bill.
The cost of dying report 2021 shows that the current average cost of dying stands at PS9263, with a basic Funeral costing around PS4,184. This is a significant increase from just PS1,920 in 2004, Only 65% of people have taken steps to arrange for funeral costs. This might be a savings or insurance plan, or a prepaid burial plan that allows for you to plan and make payment in advance.
Survey respondents found that only 66% had sufficient funds to pay their complete funeral. Friends and family had to take out loans, credit cards or savings.
A funeral plan provides you with peace of mind by ensuring that everything is pre-arranged and paid for. Additionally, it allows you to lock down the services at today’s price of the Funeral Director, who will ultimately conduct your funeral. It reduces the financial burden on your loved ones, as your family will not have to pay any more for the services included in the Funeral Plan.
There is some government support available to assist with funeral expenses for people who do not have a funeral plan. However, not all are eligible. Therefore, crowdfunding is becoming more popular as a way to finance funeral costs. In 2018, the number of people who have used crowdfunding to pay for funerals increased by a third.
Crowdfunding doesn’t seem new. It is a way for the general public ask to donate money, either to funeral expenses, or just to support the family.
Crowdfunding websites, such as JustGiving.com, GoFundMe.com, or Beyond Life, make it easier for people to donate. With their widespread trust and acceptance, crowdfunding is becoming a more acceptable way of asking for donations to fund the funeral of a loved.
It is a practical way to allow friends, families, and the wider society to ease the financial strain of grieving families. Consider how easy it is to share crowdfunding pages on social networks, and you will be able to reach family and close friends.
It’s easy to create a crowdfunding website. This allows you and your team to explain the reason for crowdfunding, how donations will go about their mission, and even include photos and memories.
Crowdfunding is time-consuming and can be emotionally draining. By investing in a funeral planning plan, family members and friends can save their time and energy. The entire process is done beforehand and everything is paid for. This allows them to focus on grieving and celebrating the loss of their loved ones.
