If your child is an aspiring actor or movie director in need of some financial education, the Lights, Camera, Save contest from the American Bankers’ Association Education Foundation could be a great opportunity to learn, have fun and possibly win a $3,000 prize.
The video contest is open to anyone aged 13 through 16. The video, which should be between 60 and 90 seconds long, needs to be submitted by November 1. The video should be about saving money — a few ideas offered by the organization include a news report on how to save, a music video for a song about saving, or interviews with people speaking about good money management.
The winner of the first-place prize receives a $3,000 U.S. Savings Bond. Second- and third-place winners will earn $1,500 and $500 bonds, respectively. The fourth-place honorable mention winner will receive an iPod Touch worth $199.How to Enter and Win
You can start by requesting a Contestant Entry Packet at one of the hundreds of banks participating in the contest. You need to be a member of the bank to enter. Here’s the list of participating banks (PDF).
Follow the rules and regulations (PDF) outlined in your entry packet when recording and editing your video. It must be less than 90 seconds and meet all the requirements. You can only submit one video. The five-member national judging panel, which includes a professor, a journalist, an actor and two financial services professionals.
Contest to Educate
The process of creating the video is meant to be an educational experience for members of the 13-through-16 age group with an opportunity for incentive. In addition to the learning opportunities inherent to the contest, the ABA Education Foundation offers a few tools to help kids learn about finance. The Lights, Camera, Save promotion page includes links to savings and credit education websites as well as handy tips on budgeting and financial calculators.