Charles Schwab Invites 20-Somethings via
@schwabmoneywiseto Share Their Unique Money
Experiences for a Chance to Win $100 Prizes
Contests Complement Money Mondays™ Tips, Designed to Help Gen Y Navigate the Challenges of Just Starting
Out
August 02, 2010 09:03 AM Eastern Daylight Time
SAN FRANCISCO--(EON: Enhanced Online News)--As part of its Money Mondays initiative on
schwabmoneywise.com, Charles Schwab is launching the first in a series of contests with $100 cash prizes to
encourage young people to share their money experiences and spark a dialogue on the high-avoidance topic of
personal finance.
Beginning today, the contests will pose a different question on each alternating Monday throughout the year on the
unique challenges facing young adults. The contests are designed to complement Money Mondays’ weekly financial
tips for young people just starting out.
Contest questions will be posted on Schwab’s educational website, SchwabMoneyWise.com, and tweeted via
@schwabmoneywise on Twitter. You must be 18 or older to participate. To enter, submit on the website a story of
no more than 100 words. Winners will be selected on the basis of originality and creativity.
Schwab’s 2010 Families & Money Survey, released in April, found that young adults are reaching financial
independence much later than in previous generations. Faced with many “financial firsts,” young adults have to learn
how to manage a paycheck, pay off debt (including student loans and credit cards) rent their own apartments, and
find a career path—all in addition to funding their social lives, hobbies and interests.
Using themes that speak to young adults’ lifestyles and unique financial circumstances, Money Mondays is designed
to inspire young people to take a few moments each week to improve their financial health. The weekly tips provide
practical, easy-to-digest actions that can have an immediate, positive impact on people’s financial lives. Throughout
the year, Schwab will actively solicit suggestions through