Charles Schwab announced on Saturday the grand prize winner of its first “Oh, Chuck! I Blew my Cash” contest. Dan Lamoureux of Thornton, Ill. will be awarded $10,000 in a Schwab brokerage account for sharing his story of a regrettable impulse purchase: a castle bounce house. According to his submission, Dan thought the $600 bounce house would be a hit at family parties for years to come, but the novelty wore off quickly and now the mammoth deflated castle is stored in his grandmother’s garage.
“We created the Oh Chuck contest to help drive conversations about money, and we hope that the stories we gathered will inspire people to think carefully about their spending decisions and to seek the advice they need to get back on the right financial track,” said Laurine Garrity, Schwab’s chief marketing officer.
Schwab also recognized four runners up with $5,000 in a Schwab brokerage account and four honorable mentions with $1,000 in a Schwab brokerage account. To view all the contest winners’ stories, visit Schwab’s Facebook page.
Runners Up: Katie Kelly of Carlisle, Pa., who blew $2,000 on an RV, which turned out to be stolen; Gus Campanario of Issaquah, Wash., who blew $250 on wine for his anniversary and his wife unknowingly finished off the bottle without him; William Stuart of Tewksbury, Mass., who blew $6,000 on a purple school bus that no one wants to ride in; Walter Arnett of Lexington, Ky., who blew $2,874.36 on plush toys.Honorable Mentions: Joel Levinson of Culver City, Calif., who blew $117 on a musical jug and puppet; Cara Braude of New York, N.Y., who blew $2,500 on attending friends’ weddings; Dusan Slepcevic of Henderson, Nev., who blew $871.29 on a portable bathroom; Janine Schaults of Oak Lawn, Ill., who blew $60 on a unicorn mask.
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