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FNBO, which has made itself pretty well known among online bankers, is launching an online video contest: the Pay Yourself First Challenge.

FNBO Direct wants to hear about your savings obstacles. Have you been struggling to save for college tuition or a wedding, pay off medical bills, go on the vacation of a lifetime or just get out of debt? Whatever the reason, we want to hear about it. Make us laugh. Make us cry. Make us say, "Wow! This person really needs to learn how to Pay Yourself First!"

To enter the contest, you have to shoot a 10- to 60-second video on your savings challenges and upload it to FNBO's YouTube channel.

The winner, as judged by FNBO, receives a "Restore Your Balance" vacation — a trip to a resort and spa (or cash in place of the voucher).

What are the judges looking for?

According to the official rules …

* Saved the most money during the challenge – based on percentage increase, rather than dollar amount saved (50%)
* Ranking by financial experts based on challenger's saving skill level: tactics for saving, ability to meet saving goal, and sharing saving challenges and solutions with PYF community (20%)
* Vote by American public via poll on www.PYFChallenge.com that judges the challengers' saving skill level: tactics for saving, ability to meet saving goal, and sharing saving challenges and solutions with PYF community (20%)
* Adherence to contest requirements, including active participation in the challenge activities such as blogging on www.PYFChallenge.com, and other promotional activities (10%)

Check out FNBO's promotional video for the contest.