SHOW MORE 

Money Monday: How to establish an emergency fund

Financial experts urge people to have a certain amount of money saved in their bank account for an emergency -- here's how you can get started saving.
Financial experts urge people to have a certain amount of money saved in their bank account for an emergency -- here's how you can get started saving.

It can be dangerous living too close to the financial edge: Water heaters break, car radiators leak, jobs can be lost in an instant -- so what should you do?

Financial experts urge people to save a certain amount of money in their bank account for emergency purposes.

Watch the video above to learn more.

Read more from:

LetsMakeAPlan.org: 3 practical strategies to help establish an emergency fund

ConsumerFinance.gov: An essential guide to building an emergency fund


More: Money Monday section


About the Author:

Rod Meloni is an Emmy Award-winning Business Editor on Local 4 News and a Certified Financial Planner™ Professional.