Logan family among 10 finalists in national video competition

Logan family among 10 finalists in national video competition

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LOGAN — Four Utahns have created videos about saving money for retirement that have since secured top 10 spots in a national competition.

One finalist, Jennifer Davis, submitted her video last October after her husband had been very sick. He was sick for a couple of months starting in April, and he couldn't get out of bed.

Davis — a mother of five — realized she needed to prepare their family financially in case something like tragedy or job loss became a reality for their family at some point.

Davis said she thought, "if this all goes south, what do I have set up to support my kids and to support the long-term picture?"

They later found out his vestibular nerve was damaged and it would take about 12 months to repair itself.

Though her husband's health improved over time, Jennifer Davis decided to enter a national video contest promoting saving for retirement and recruited her children to join her efforts.

The 30-second video shows Davis' children trick-or-treating in their neighborhood. When they come across the house of an elderly man, he gives them an "I owe you" note. Text then pops up on the screen that reads "Don't be THAT house in your golden years. Save 10% for retirement now."

Along with three others from Utah, Davis' video has been chosen to be in the top 10 of the Financial Services Roundtable's Save 10 Video Stories Contest.

Nine of the videos in the top 10 will receive $1,000 and the winner will receive $10,000. People have 10 days to vote, once per day, for their favorite video starting Wednesday.

Davis has five children ranging in age from 2 years old to 13, and even her younger ones have become more educated about saving money. She said after they did the video, her young children began asking what retirement was.

"It's interesting how young children can understand the concept of saving money for a later date," Davis said.

She has also noticed a couple of her kids taking caution as to where they stash their money.

Regarding tips for saving for retirement, Davis said it doesn't matter how someone does it, they just need to do it. "If you wait until you feel like you have the tools to do it correct or to do it the way you think you want it done in the end, you won't start," Davis said. "You just need to start somehow, somewhere and then build on that."

Additional local finalists in the national contest include Catherine DeLong of Provo, Natalie Howe from Providence and Paige Rood from Providence, according to Financial Services Roundtable.

To cast your vote, visit this website starting Wednesday.

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Megan Marsden Christensen

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