Teens demonstrating savings knowledge can win money

WASHINGTON — Many teens learn the value of a dollar as they age, but a
video contest challenges young adults to demonstrate their financial savvy for
a cash prize.

Virginia’s Burke & Herbert Bank is participating in a national video contest,
which offers winnings of up to $5,000. The American Bankers Association’s
Camera, Save!
contest invites teenagers to create a 90-second video
about saving and using money wisely.

“Lights, Camera, Save! challenges young adults to create videos to communicate
the value of saving and inspire others to become smart money managers,” Terry
Cole, senior vice president at Burke & Herbert Bank, said in a news release.

“It gives students throughout Northern Virginia a great opportunity to learn
about the importance of saving in an interesting and creative way and gives
participants the chance to get a head start on reaching their savings goals.”

Burke & Herbert Bank will host the first round of judging and submit one video
to compete at the national level.

On the national scale, teens can win $1,000, $2,500 or a $5,000 grand prize.
Also, winners can get a scholarship for an educator from their school to
attend the Jump$tart National Educator Conference — a national conference for
teachers dedicated to personal finance education in the classroom.

Students ages 13 to 18 can participate in the contest and all submissions must
by completed by Dec. 1. Complete details are on the Burke
& Herbert website.

“The contest is meant to be fun and exciting but when all is said and done, we
hope teens will take action and develop life-long saving habits,” Cole added.

Below is the video from last year’s winner, Oskar Velazquez De Leon.

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