Just have savings? Invest assets elsewhere

Money Magazine's Walter Updegrave gives a quick lesson on growing your hard-earned money outside of a savings or checking account.

How to Create a Rainy Day Fund

Something unexpected happens... Your car breaks down... You lose your job... Where do you get the money?  Do you take it from a special savings account like your child's education fund?  If you don't have one of those, do you take it from your basic living expenses?  Today we'll show you how to create a rainy day fund, to avoid the financial stress that life's unexpected circumstances might cause.