Way to Go: Richard Hermer-Fried, Huntington

Richard Hermer-Fried believes the decision to save or spend money is a lot like the classic battle between good and evil.

That comparison earned the Huntington High School junior a designation as one of 12 national finalists in the American Bankers Association's "Lights, Camera, Save!" -- a contest designed to inspire teens to save money through the power of video.

His minute-and-a-half video portrayed the moral dilemma between good and evil -- complete with angel- and devil-type characters on his shoulders -- that arises when he considers saving or spending a paycheck.

"I got the idea from 'Animal House,' " said Hermer-Fried, 17. Of the importance of saving, he said: "Instead of spending it on things that aren't necessary, kids should save money for college or a car. It's important for them to be financially aware."

He is now in the running for one of three top prizes: U.S. Savings Bonds worth $3,000, $1,500 or $500. The winners will be announced in March on YouTube.

"We are very happy for Richard and wish him the best of luck on the next level of judging," said Brian Edwards, executive vice president of Astoria Federal Savings, which coordinated the contest at the local level and presented Hermer-Fried with a digital camera.