Financial Expert's Tips On Dealing With Unexpected Expenses

STUDIO CITY (CBS) — Financial expert Nick Givogri from Merrill Edge appeared on KCAL9 News on Saturday morning with tips on how to stay on top of unexpected expenses throughout the year.

With prices on food, healthcare and education anticipated to rise in the year to come, its become more important than ever to plan carefully and have a savings plan.

Among Givogri's tips, he recommends:

1. Set identifying financial goals.
2. Put a plan of action in place to achieve those goals. Givogri says the best way to do this is by starting with a budget. He also suggests creating a rainy day fund so you don't have to dip into your personal savings account.
3. Monitor those goals to make sure you are on track.

For more information on Merrill Edge and tips on how to set a financial plan and stick with it, go to Merrill Edge online.