That’s how I got to be the MoneyGuy.
To CHL and anyone else with the same question, an advantage of pre-payment is that it locks in that service for that cost. For example, if you buy a funeral package for, say, $8,000, that cost cannot rise as the cost of that package goes up. I’m against pre-payment for the reason you mentioned. I say set the money aside so you’ll have it when the time comes. Pre-payment might be useful for people who will blow it and then they struggle to pay for their funeral.
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