YONKERS - Saving money for a big summer vacation or just saving in general can be challenge.

Financial expert Jordan Goodman joined News 12's Michelle Brown in the studio to discuss how people save on a regular basis.

Goodman discusses automatic transfers into savings and 401k as effective ways to save anywhere from four to seven percent on their savings.

The author of "Master Your Debt" also discusses business development companies, mortgage bridge loans, and preferred stocks.