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Personal Finance Reader

And to think you could have had a Ferrari Add to ...

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

And to think you could’ve had a Ferrari
The U.S. Department of Agriculture has estimated the cost of raising a child to age 17 at $235,000, which is roughly the same amount as you’d pay for a Ferrari.

More related to this story

Black swan insurance
The Canadian Capitalist blog looks at a new exchange-traded fund that is designed to provide protection against stock market declines caused by rare, catastrophic “black swan” events.

Calling all couponers
For several reasons, the best store for using your grocery coupons is Wal-Mart.

Countries rich in millionaires
A look at the countries with the most millionaires per capita, including Ireland, the United States and Qatar.

More money
Join the 14,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I’m also on Twitter.

Follow us on Twitter: @globemoney

Editor's note: If you don't receive Rob Carrick's newsletter twice weekly by email, you can sign up to get it for free at The Globe and Mail. All you need to do is register for the site, or if you've already registered, log in and go to your profile at the top of the homepage. Once you're in your profile, look under Newsletters and Alerts and look for the Personal Finance Reader and other newsletters. Other financial newsletters include: Business Ticker, a summary of the day's top business stories; and Berman's Market Update, a summary of the markets at the open, noon and close.

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