The $1,000 Challenge is sponsored by Zip Mortgage powered by Zions Bank. Visit zionsbank.com/zip. Loans subject to credit approval, terms and conditions apply. NMLS 467014. Equal Housing Lender.
What would you do with $1,000?
Today, KSL Newsradio’s Dave & Dujanovic announced one of the biggest radio giveaways we’ve ever offered: the $1,000 Challenge. Starting Thursday, May 23, they will be giving away $1,000 every single week for the rest of this year!
Tune in to Dave & Dujanvoic’s Right on the Money segment, airing at 11:20 a.m. every Thursday for your chance to win. And once you do, that $1,000 is yours to use however you please.
But we’re hoping you use it wisely. We’re giving away this money for a reason: we want to help you build up a $1,000 emergency fund so you can make a real difference in your financial life.
Why a $1,000 emergency fund matters
We came up with the $1,000 Challenge when we found out that, according to a Bankrate study, 60 percent of Americans don’t have $1,000 aside to handle an emergency.
That’s a big problem.
Getting a $1,000 in savings is important. Financial guru Dave Ramsey calls it his first “baby step” toward taking control of your money. He believes that getting that emergency fund ready is even more important than paying off your debt.
This is life, and in real life, things go wrong. Tires pop, engines burn out, kids break their arms, and, when we least expect it, expenses pile up. If you don’t have money aside to handle it, most Americans fall back on getting further and further into debt, and pretty soon it can spiral out of control.
There’s another reason you need that emergency fund, though: peace of mind.
Money isn’t the only obstacle to overcome when you’re trying to get on the right financial track. The toughest thing to overcome is the person in the mirror. If you’re trying to claw your way out of debt and those emergencies are sending you two steps backward for every step forward, it’s hard not to let it crush your spirit. That $1,000 fund can make a big difference.
That’s why we’re giving out $1,000 to our listeners every week for the rest of the year: to help you get your finances on track.
Right on the Money
Dave & Dujanovic want you to help you use your money wisely. That’s why every winner of the $1,000 Challenge is also going to get a free consultation with a financial counselor.
But winning a contest isn’t the only way to get $1,000 in savings. That’s why we’re challenging all of our listeners to find little ways to put aside money and save up your $1,000 emergency fund.
Every Monday through Thursday at 11:20 a.m., Dave & Dujanvoic are hosting “Right on the Money”: the new segment where they talk all the ways to help you save money.
Right on the Money focuses on three things:
- Making and saving money
- Protecting your money
- Talking to your kids about money
Every day, they’ll be sharing every strategy they can find to help you save money and inviting their listeners to call in with tips of their own.
You can get even more tips by listening to their new Payday Monday podcast.
Join our secret $1,000 Challenge Facebook group, where you can share your progress toward $1,000 in savings, get tips from others, and share tips of your own.
We’re all in this together, and we’re going to support each other every step of the way.
So start thinking about it now: what are you going to do with $1,000?
Click here for official contest rules.
- Trump designates elite Iranian military force as a terrorist organization
- Scientists just captured a record 17-foot-long python in Florida
- Prosecutor plans diversion program for low-level suspects
- Homeland Security Sec. Nielsen resigns amid border turmoil
- Hill Air Force Base cited as most at risk in climate change rankings