With the death of a loved one and the attendant costs, a funeral budget spreadsheet can provide the tools you need to create a plan for your funeral service. Using one of these spreadsheet templates will help you get a handle on all of the various expenses, while giving you a more streamlined approach to planning for your own funeral.
The traditional funeral involves viewing of the deceased, a eulogy delivered by the family, burial, and an opening prayer from the pastor. There are, however, many other ways to incorporate elements of services into a funeral plan. One of the most important things to consider is the cost.
You want to make sure that the expenses you incur in a funeral service are fully covered by your funeral savings plan or charity. It’s a good idea to keep in mind that each year, a lot of funds are used up in funeral expenses, which account for a large percentage of overall funeral costs.
Creating a Funeral Budget Sheet
Every month, a great deal of money is spent on funeral expense. To ensure that you are not overspending your budget, it’s a good idea to allocate a certain amount of money each month to be saved for these expenses.
Depending on how much money you have allocated to this particular expense, you will be able to track how much you are spending on it throughout the year. If you are able to track the cost of specific costs within your budget, you will be better able to determine what items should be eliminated, so you don’t end up paying for overheads you didn’t intend to.
Once you’ve determined how much you are spending on specific funeral expenses, you should divide that amount by twelve, to see what percentage of your expenses are going towards funeral expenses. This is the amount of money you should be able to save each month.
Overall, you can expect to save at least 15% of your expenses through this method. However, this number will fluctuate based on the number of people in attendance and the type of services you provide. Additionally, the ratio of your expenses to income will also affect your total.
Take some time to review your funeral home finances. In particular, make sure you don’t pay more than 30% of your income towards funeral expenses. Keep your overall expenses down by trimming down on the extras, like catering, flowers, and travel expenses.
Don’t forget to take a look at your overall expenses in other areas of life. You may be spending too much on gas, clothing, and entertainment in order to get by in your day-to-day life.
It’s a good idea to cut back on these things when it comes to your funeral. Even if you still need to spend a bit on these things, it will make you more comfortable knowing that the financial burden isn’t as high as it could be.
Creating a funeral checklist is a great way to keep track of what you have to do before, during, and after the service. There are many things you can track in a checklist, including a variety of things that are necessary to be completed, like the listing of vendors you will need to speak with, the actual death certificate, and a copy of the obituary. You can also track insurance costs, transport costs, passport fees, and other things that are related to your final act of love.
A good funeral budget spreadsheet will help you stay organized. Whether you’re trying to save money, organize your life, or just try to make an end to any feelings of grief you might have, this will help you get the job done. SEE ALSO : fundraising spreadsheet template
