Savvy Senior: Should you prepay your funeral? Jim Miller, Savvy Senior FacebookTwitterEmail Dear Savvy Senior, My wife and I have been thinking about preplanning our funerals now so our kids won’t have to later, but we would like to find out if it’s a good idea to prepay. What can you tell us? Living on a Budget Dear Living, Planning your funerals in advance is definitely a smart move. Not only does it give you and your wife time to make a thoughtful decision on the type of service you want, it also allows you to shop around to find a good funeral provider, and it will spare your family members the burden of making these decisions at an emotional time.