Direct Talk

How to Plan a Funeral You Can Afford

We’d like to think that our loved ones will be in our lives forever, but eventually a time comes when you have to say goodbye. When that happens it may fall to you to respect their last wishes and plan a funeral that celebrates their life.

Chef Benny Masekwameng experienced the loss of his father six months after proposing to his then girlfriend (now wife!) He was halfway through paying lobola, when his father unexpectedly passed away. His father hadn’t invested in a funeral plan, and the cost of his final ceremony fell to Benny to pay.

If you find yourself in a similar situation to Benny, you can follow his advice to plan a respectful funeral without overspending.

  1. Don’t worry too much about being fashionable or extravagant. You don’t need to impress your guests with unnecessary opulence.
  2. Don’t be afraid to accept help from friends and family. It will make things much easier for you, and you won’t need to rely on a stranger to plan the funeral.
  3. Pay for the most important things, like the hearse, coffin and funeral home costs, first. Everything after that can fall into your budget, and you can go big or small depending on what you have left.
  4. Don’t worry about the tombstone. You don’t need to have it ready on the day, and it’s not unusual to unveil it long after the funeral. Rather save now and erect it later.
  5. Taking out a small personal loan can help keep you head above the water when other costs threaten, but before you take it out formulate a solid repayment plan for yourself.

After the unexpected tragedy of losing his father, Benny managed to pay off the loan he had taken out to pay for the funeral, and resumed his lobola payments. He is now happily married to the love of his life, and has a 5-year old daughter he adores.

Consider investing in family funeral cover, or find an affordable funeral plan that suits your needs, and leave your family with peace of mind when you pass away.

Check out Direct Talk for more stories on life, money and everything in between.

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Loan repayment terms range from 24 to 72 months. The maximum interest rate with regards to a DirectAxis Personal Loan is 27.5% per annum (compounded monthly). Your rate and initiation fee will be determined according to your personal risk profile.
An illustrative example of a loan at an interest rate of 27.5% per annum would be: Loan amount R50 000 plus a once-off initiation fee of R1 207.50 and a monthly admin fee of R69.00, over 72 months.
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