Five Steps to Saving Money

Alexa Von Tobel explains how to grow your nest egg.
3:02 | 01/26/12

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Transcript for Five Steps to Saving Money
-- -- you trouble making ends meet these days you're certainly not alone. But you can increase balance in your bank account was very simple stats. Here to help us understand is Alexa Von -- founder and CEO of learn best dot com welcome all acts. Things for having me -- you. Got a five point -- it's called the Smart system where each letter stands for goal -- through it let's start with -- was asked him. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Are you -- meaning to -- for child. I'm trying to say 101000 dollars let's say in it that's the thing. It in numbers -- -- 101000 dollars and create a specific number and -- Smart stands for measurable explain importance of having measurable goal. So many cyclical like let's say 101000 dollars it's important to me it's that it's measurable and then to back -- -- soccer goals so what I want you to do is 101000 dollars this year that means you need is seen about a thousand dollars a month so. Makes smaller numbers that you can match her today every single month you -- know where -- cheating. And -- the -- very specific smaller numbers they can measure to make sure that you're making -- I expect is -- which stands for attainable this is all about expectation. Yet I. So and if you -- -- -- that you're citing these schools you can -- in -- -- man so. I want you set act can say I'm trying to say that 101000 dollars. We're gonna cut it from my acting and and I can save an extra 200 dollars the world how is -- -- -- and really go through and figure out -- that senior needed take to attain that goal. The next thing is similar it's art which stands for free -- Like an extent and attain Welker that's right that's right so -- we've all been there we -- that -- is not at all achievable so make sure that they're realistic. And if you go through and when you go through a -- to an act thirteen of all. You realize that there's just no chance and you can see 101000 dollars the numbers more like I thousand dollars this year. Then sat and realistic goal we know that people are more likely to drop off. But -- -- that are too -- -- -- -- it lasts in your Smart plan is Senecal that's -- yet. -- probably the most important. Am I want you to -- -- -- means for your goals so. It's kinda see it again 101000 dollars this year what you need to do every single to meet the -- -- -- to every single month. I'm -- and number that you're trying to -- and checking it. On and if you kind of learn bass line that has to take control boot camp that help you and make sure the -- -- achieve your New Year's resolutions. -- -- -- -- -- Right there you have it the Smart systems and and we can all follow it you know -- aliens in front New Year's resolution. That we can achieve. -- -- -- founder and CEO -- best dot com thanks so much last Sunday night.

This transcript has been automatically generated and may not be 100% accurate.

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