Estimated read time: 1-2 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
LOGAN — A Utah State University student snagged $10,000 Tuesday after winning a national video contest promoting saving for retirement.
Providence resident Paige Rood entered the Save 10 $tories Video Contest last fall while enrolled in an economics class.
The video amateurs who participated showed "who, when, why or how anyone can save 10 percent of their income toward retirement," according to Financial Services Roundtable.
From hundreds of submissions, ten finalists were selected — including three others from Utah — and nine of the 10 received $1,000. Rood won the grand prize and accepted it Tuesday in Washington D.C.
Titled "Sally's Lemonade," Rood's video features her singing a clever song that details the story of a little girl who saves 10 percent of the income generated at her lemonade stand and later, her real job.
By participating in the contest, Rood told KSL.com she learned that saving for retirement is easy. She personally started implementing the concept of saving 10 percent of her income toward retirement.
"It still doesn't really feel real just because it was something that I didn't really expect to get very far in," Rood said of winning the contest. "I just kind of thought I would enter the contest … but I never expected to win."
She plans to save 10 percent of her winnings and use the rest to pay for school and a mission she plans to serve for The Church of Jesus Christ of Latter-day Saints.
