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Welcome to the FaithLife Financial Blog

The Boomerang Effect – Retirement After Kids Return Home

According to a recent TD survey, the boomerang effect is in full swing. In fact, almost 60 per cent of young adults ages 20 to 24 were living with their parents in 2011, according to the most recent census data, … Read More…

Back-To-School Financial Tips

According to the Huntington Bank Backpack Index, the cost of school supplies increased 88% from 2007 to 2016, and their recently released 2017 report anticipates increases of 1.0% for elementary and 4.6% for middle schoolers this coming school year. Even … Read More…

The Kids Are Gone… Now What?

There comes a day when nearly every parent becomes an empty nester. When the last child moves out or heads off to university, it marks a turning point in life. After decades of parenting, it can be difficult to let … Read More…

4 Legal Documents Every Newlywed Should Have

You’ve said your “I do’s,” enjoyed your honeymoon and written your thank-you notes. What’s next? Having the proper legal instruments in place will help ensure your financial future is protected. Below is a list of legal documents, what they do … Read More…

Why You’re NOT Too Young For Life Insurance

There are so many options when it comes to life insurance and it can be confusing to know what to do at any age. If you are in your 20’s or 30’s, you are already making some pretty big life … Read More…

FaithLife Financial Celebrates a 45th Anniversary and Canada’s 150th Birthday!

To celebrate FaithLife Financial’s 45th Anniversary, FaithLife Financial hosted a staff lunch and donated 45 items to each of the following charities we are supporting in 2017: Food Bank of Waterloo Region, oneROOF Youth Services, House of Friendship, The Working Centre, … Read More…

Being Wise With Debt

Many Canadians are living in financial chaos that is related to debt and it’s time to get our personal financial house in order by managing debt wisely. Do you remember the first time you needed to borrow a substantial amount … Read More…

Wedding Season is Here – financial benefits of getting married!

It’s the season for weddings and being newlyweds means needing to be educated when comes to the financial realities of life with a spouse. A solid financial foundation for the future includes a financial planning strategy to help people reach … Read More…

Gifts For Your Grads

As college and university students complete their studies and enter the workforce, there are a few things parents or other family members can do to help them on the journey to paying off student debt, being successful and saving for … Read More…

Spend Less Than You Earn – A Key Financial Principle!

Last month, we talked about the importance of having a financial plan and introduced the five financial principles that FaithLife Financial uses to guide Members on their journey to be wise with money and live generously. This month, we’re going … Read More…