Pay Yourself First, Win $5,000!

Have you had your fill of Reality TV. With its crazy contests to see who can lose the most weight, who can find love and who can survive on a desert island?

Well, now the world of reality contests is about to invade another medium: the internet. But this time, it’s not about losing or finding or surviving anything.

It’s about saving MONEY. That’s right - stashing away some moolah, clams, greenbacks.

In The Pay Yourself First Challenge, sponsored by FNBO Direct, a division of the First National Bank of Omaha, 5 contestants will go head-to-head to see who can save the most over a 6-month period. Each participant’s savings will be matched dollar-for-dollar, up to $5,000. Which means, a contestant can walk away with more than $10,000 total!

And it will all be captured online - in video and on blogs.

Think you’ve got what it takes to win? Then create a 1-minute video about what you’re saving for. Enter the contest and you could be selected as one of the 5 finalists. Just visit pyfchallenge.com.

So, what’s so special about saving money? Well, according to the Commerce Dept., Americans save only $7 for every $1,000 they earn, after taxes. That’s 70 cents for every $100.

That’s a disgrace.

But now, there’s even more incentive to save. To the tune of $10 Grand.