Official Rules: Financial Reality Contest


1. Eligibility:

The Financial Reality Contest (the "Contest") is open only to legal residents of the United States and the District of Columbia, with the exception of Rhode Island, who are at least eighteen (18) years old at the time of entry. Employees of NerdWallet ("NerdWallet") as well as their immediate family (spouse, parents, siblings and children) and household members are not eligible. The Contest is subject to all applicable federal, state, and local laws and regulations and is void where prohibited. Participation constitutes Entrant's full and unconditional agreement to these Official Rules and Sponsor's decisions, which are final and binding in all matters related to the Contest. Winning a prize is contingent upon fulfilling all requirements set forth herein.

2. Sponsor:

NerdWallet, Inc, 665 3rd St, Suite 405, San Francisco, CA 94107

3. Timing:

The application deadline for participation is August 31, 2012 at 12:00a.m. Eastern Time ("ET"). We will inform selected participants by email.

The Contest proper begins on September 3, 2012 at 12:00 a.m. Eastern Time ("ET") and will end on October 1, 2012 at 12:00 a.m. ET (the "Contest Period"). Sponsor's computer is the official time-keeping device for the Contest.

The voting period will commence on October 1, 2012 at 12:01 a.m. All votes must be placed by October 15, 2012 11:59 p.m. ET. Judging will then commence and the winner will be announced on October 22, 2012 at 12:00 a.m. ET

4. How To Enter:

This contest is part of an ongoing financial education program run by NerdWallet.

Interested parties can apply to take part in the contest by going to the application page:

5. Rewards/Prizes:

Winner receives $1,000 and two free financial planning sessions

Sponsor's decisions as to the administration and operation of the Contest, the selection of contestants and the awarding of prizing are final and binding in all matters related to the Contest.

Receiving a prize is contingent upon compliance with these Official Rules. All contestants will be required to sign and return a Declaration of Compliance, Liability and Publicity Release which must be received by an administrator, within seven (7) days of the date notice or attempted notice is sent, in order to participate. If a potential contestant cannot be contacted, or fails to sign and return the Declaration of Compliance, Liability and Publicity Release within the required time period (if applicable), or prize is returned as undeliverable, potential winner forfeits the prize. In the event that a potential winner of the contest is disqualified for any reason, Sponsor will award the prize to the contestant with the next highest score.

6. Prizes:

Prizes are non-transferable and no substitution will be made except as provided herein at the Sponsor's sole discretion. Winners are responsible for all taxes and fees associated with prize receipt and/or use. Total ARV of all prizes: $1,500

7. Judging and Judging Criteria:

The winner will be judged by the Sponsor.

  • 50% will be judged by sponsor's panel of judges, based on the following criteria:
    • Effort in attempting each challenge
    • Mastery of concepts as they are taught
  • 50% will be judged by the number of votes cast for each contestant.

JUDGES: Contestants will be judged according to a uniformly applied point system, totaling 100 points, based upon the following criteria:

  • Up to 20 points for performance on each challenge
  • Up to 20 points for overall quality of participant's efforts throughout the contest

VOTES: The voting period will be open from October 1, 2012 - October 15, 2012.

There will be 100 points available in the voting section. Each contestant will receive points as a percentage of votes cast. For example, if 1,000 votes were cast in total, across all the contestants, and contestant A received 500 votes, he would be given 50 of the total 100 points available.

The contestant's final score will be the sum of the judges' score and the voting score.

Sponsor will tally the votes and announce the winner at the conclusion of the Contest. In the case of a tie, there will be a random drawing to determine the winner.

8. Release:

By receipt of any prize, winners agree to release and hold harmless Sponsor and its respective subsidiaries, affiliates, suppliers, distributors, advertising/promotion agencies, and prize suppliers, and each of their respective parent companies and each such company's officers, directors, employees and agents (collectively, the "Released Parties") from and against any claim or cause of action, including, but not limited to, personal injury, death, or damage to or loss of property, arising out of participation in the Contest or receipt or use or misuse of any prize.

9. Taxes:

It is Entrant's sole obligation to report all compensation received from Sponsor for services. Accordingly, Sponsor will issue Entrant an IRS Form 1099 for the prize.

10. Publicity:

Except where prohibited, participation in the Contest constitutes each winner's consent to Sponsor's and its agents' use of winner's name, likeness, photograph, voice, opinions and/or hometown and state for promotional purposes in any media, worldwide, without further payment or consideration. An Entrant shall, and hereby does, assign and transfer to Sponsor all worldwide rights, title and interests in and to the content created for the contest, including without limitation, all rights in copyright, all rights in privacy, publicity, performance and celebrity in connection with the contest (including, without limitation, all rights to use Entrant's name, image, biography, personal story, and likeness in connection with the content created for the contest), and the full, worldwide, perpetual and irrevocable right to exercise all such rights for any purpose, and in all media and by any manner and means now known or hereafter invented (collectively "Rights"). Entrant agrees that this assignment also includes all future derivatives, modifications or adaptations of the content created for the contest (collectively, "Derivatives"). Entrant has participated in the contest and created the Rights on special order for Sponsor, and the content and Rights are "work made for hire".

11. General Conditions:

Sponsor reserves the right to cancel, suspend and/or modify the Contest, or any part of it, if any fraud, technical failures or any other factor beyond Sponsor's reasonable control impairs the integrity or proper functioning of the Contest, as determined by Sponsor in its sole discretion. Sponsor reserves the right, in its sole discretion, to disqualify any individual it finds to be tampering with the entry process or the operation of the Contest or to be acting in violation of the Official Rules of this or any other promotion or in an unsportsmanlike or disruptive manner. Any attempt by any person to deliberately undermine the legitimate operation of the Contest may be a violation of criminal and civil law, and, should such an attempt be made, Sponsor reserves the right to seek damages from any such person to the fullest extent permitted by law. Sponsor's failure to enforce any term of these Official Rules shall not constitute a waiver of that provision.

12. Limitations of Liability:

The Released Parties are not responsible for: (1) any incorrect or inaccurate information, whether caused by Entrants, printing errors or by any of the equipment or programming associated with or utilized in the Contest; (2) technical failures of any kind, including, but not limited to malfunctions, interruptions, or disconnections in phone lines or network hardware or software; (3) unauthorized human intervention in any part of the entry process or the Contest; (4) technical or human error which may occur in the administration of the Contest or the processing of entries; (5) late, lost, undeliverable, damaged or stolen mail; or (6) any injury or damage to persons or property which may be caused, directly or indirectly, in whole or in part, from Entrant's participation in the Contest or receipt or use or misuse of any prize. No more than the stated prize will be awarded.

13. Disputes:

Except where prohibited, Entrant agrees that: (1) any and all disputes, claims and causes of action arising out of or connected with this Contest or any prize awarded shall be resolved individually, without resort to any form of class action, and exclusively by the state and Federal courts located in San Francisco, California; (2) any and all claims, judgments and awards shall be limited to actual out-of-pocket costs incurred, including costs associated with entering this Contest, but in no event attorneys' fees; and (3) under no circumstances will Entrant be permitted to obtain awards for, and Entrant hereby waives all rights to claim, indirect, punitive, incidental and consequential damages and any other damages, other than for actual out-of-pocket expenses, and any and all rights to have damages multiplied or otherwise increased. All issues and questions concerning the construction, validity, interpretation and enforceability of these Official Rules, or the rights and obligations of the Entrant and Sponsor in connection with the Contest, shall be governed by, and construed in accordance with, the laws of the State of California without giving effect to any choice of law or conflict of law rules (whether of the State of California or any other jurisdiction), which would cause the application of the laws of any jurisdiction other than the State of California.

14. Winner List:

For a winner list, visit The winner list will be posted after winner confirmation is complete.