The average pay rise in the UK has now fallen to less than the rate of inflation. Wage increases are running at 3.2% while the consumer prices index has gone up by 3.3%, the highest rise since 1992. The figure is expected to go upwards and reach over 4% before the end of the year. An employee on the average income of £23,750, a 3.2% pay rise means take-home pay increasing by £500 a year. This is only half the £1,000 extra which a representative family faces on their annual demand for payment for food and drink only.
For all those of us in the real world we know that fixed rate mortgages and food bills, let alone petrol and diesel, have risen at figures that must be over the 10% mark; we know because we pay these bills every week!
So how can you plan ahead to try and beat inflation?
One way is to plan for and pay for your funeral now. ‘What?’ you say and ‘How does that save me money?’
Funeral costs are increasing at over 10% per annum, so unless your savings are doing better then the money would be better off in a funeral plan which will effectively reduce your costs in the long term. Essentially, your estate will be better off having purchased a pre-paid funeral plan.
When you pay for a funeral now, you won’t have to pay more later even if the cost increases, through careful management of your money and contracts with funeral directors that guarantee them future business!
‘Is that the only benefit’ you could also ask?
No, is the easy answer; pre-arranging your funeral in advance means you don’t have to leave your family being sold or miss sold by a funeral director because you say ‘yes’ to everything at your time of grief. Do you really want that top line coffin? Do you really want four limousines to follow your loved one to the crematorium? Are you likely to be in the right frame of mind to make sensible decisions then – even if you know what your dearly departed wanted? Did they want a cremation or a burial? Did they want flowers or donations to a favoured charity? Do they want hymns or popular Beatles songs? A Day In The Life? Sgt Pepper?
Take away the stress for your loved ones and organize your funeral today and benefit by saving money against inflation while you’re there!
Filed under: Pre paid funerals
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