Weekend reading: suburbs, life insurance quiz, and more

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Hi everyone and welcome to weekend reading, where we share some of the best posts we read over the past week. We hope you enjoy them as much as we did. If you haven’t already, please consider following us on TwitterFacebook, and Google+, where we share the latest in personal finance, debt, retirement, insurance, tax and investments.

Personal Finance

This article from The Globe And Mail indicates that Canadians have an average of over $35,000 in emergency funds. I find it hard to believe that we have so much rainy day money saved up when in the same article it states that 41% have less than $5,000 saved up.

Dan at Our Big Fat Wallet explains why he chooses to live in the suburbs over a central downtown area. He cites cost as one of the biggest factors, with the savings he receives from the suburbs used to invest in his retirement funds.


Sabeel of Roadmap2Retire guests posts on the Income Surfer blog, explaining why he doesn’t try to beat the market. His focus is on building and increasing his income stream via dividends, which can be achieved by anybody with patience, dedication and restraint.

Ben at A Wealth Of Common Sense shows that not all markets have recovered from the financial crisis. In fact, most foreign markets are still beneath their peaks in 2007. This doesn’t mean that these markets will immediately outperform the US market, but that diversifying globally is one of the best forms of risk management.


Here at AAFS Insurance, we tested our readers’ knowledge of life insurance with a quiz on the basics of life insurance. It’s a short quiz, with only 7 questions, so try it out and see how you do!

LSM Insurance lists the top 5 term life insurance mistakes that people make. The most important thing is to have enough coverage money and length wise, ensuring that your beneficiaries are protected from a financial disaster.

To raise awareness about the importance of life insurance, Modest Money helps you understand the basics of term life insurance.

We hope you enjoy the reads this weekend and be sure to check back next week for a new post. Subscribe to our weekly newsletter on the right side of the page so you don’t miss a single post!