Lights, Camera, Save video contest winners announced today

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In recognition of America Saves Week, the American Bankers Association today announced the top three winners in its national “Lights, Camera, Save!” video contest for teens. The winning videos are posted on the association’s financial literacy YouTube channel<http://www.youtube.com/TeachChildrentosave>. View the 2013 grand prize announcement<http://www.youtube.com/TeachChildrentosave>. Videos from this year’s eight finalists and past winners are also available.

Watching these videos with the young people in your life is a great way to start the savings conversation.

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Did You Know?

Recently Arthur C. Brooks wrote an article in the Op-Ed Section of the Wall Street Journal in which he recalled the now famous 1972 Stamford psychologist who did an ingenious experiment. He placed a marshmallow in front of young children and told them if they wait fifteen minutes before eating the marshmallow they would receive a second one as a reward. Thus, for the investment of fifteen minutes they could have two marshmallows instead of one. About two thirds of the children failed the experiment as they desired immediate gratification and gobbled up the single marshmallow right away. What are we doing to teach our children to save?