Erica, a Save Up participant, worked in manufacturing and wanted to make a better life for herself and her two sons. After completing the financial literacy component of Save Up, Erica began saving. She saved enough to purchase her first asset - a new computer! She and her sons use the computer for schoolwork. Erica has gone back to school and hopes to open her own business after completing her education. She is still saving and working towards her next asset goal!
She has found having a computer to be especially helpful for her family because her sons are able to do their homework without having to go to the library. She also finds it helpful in advancing her career because she is able to fill out job applications online. She says that the computer has been a lifeline for her family.
Your support helps savers like Erica - and the 550 current savers and graduates - learn the skills that they need to help their families build better lives. We look forward to sharing more of the successes of our program participants!
With the report card period around the corner, the RISE foundation and its Goal Card staff are working to get all the necessary forms in place to make the upcoming student report card event a success. This year, October 16th-23rd is the date of the first redemption week. It basically serves as a starting point from where students will be encouraged to improve upon for the remainder of the 2013-14 academic-year.
The up-coming Goal Card Redemption Week Dates are as follows:
Redemption Week#1—October 16th – 23rd
Redemption Week#2—January 15th – 22nd
Redemption Week#3—March 19th – 26th
Last year, just over 400 students between grades five through twelve participated in the Goal Card program. Records show there is a positive correlation between students attendance, conduct and grade performance. Also, Goal Card students seem to apply themselves more and perform better when coupled with an adult who is genuinely concerned and consistently encouraging student achievement.
In 2012-13, Goal Card students earned an average of $57 throughout the school year (14.25 per report card).
High expectations are placed on proper attendance, academic and behavioral standards. Students are expected to follow school rules at all times and to be where they are assigned to be according to their school schedule. In theory, this discipline combined with an optimistic attitude will likely lead to a positive exchange and productive result.
Thus, with more than 500 students in the fold and another site (Melrose High) added to the mix, there is certainly more to look forward this year…more of the same wonderful time of reaching out to young people, encouraging them to be their best academically and socially. Please feel free to come join us; you’ll be glad you did!!!
For more information on how you can become involved as a volunteer Goal Card Coach or assist with any of the RISE programs, please contact us at (901) 507-6644.
Through a partnership with a local Community Development Corporation, Mr. and Mrs. Abram came to us with the goal of purchasing a home for their family. Mr. Abram (a minister) during the course of participating in Save Up was able to secure additional employment as a teacher, which allowed his wife to remain home with their three children. Both parents came to the Save Up financial literacy classes and began saving for their home that was already identified by the Community Development Corporation that connected them to RISE. Having a house in mind to buy made it easier for them to see the light at the end of the tunnel. It also made participation in the program pretty easy for both of them because they could see how savings was important in reaching their asset goal.
In August, 2013, the Abrams were finally able to close on their home, valued at $76,000. It was the home that had been restored by the Community Development Corporation and located in a community that both parents felt was safe for their children and close to their church and other community resources important to their family. Because of their involvement with RISE and the Community Development Corporation they were able to take advantage of programs that lowered their closing costs and even had money left in their savings with RISE that can be used for additional improvements to their home.
Now that the home is purchased, the Abrams won't stop saving because they know that this house is now their home. They know that continuing to save will help them to make sure that their home is maintained properly. They will continue to save for up keep costs on their home and start to look at how they can pay for their children's college education. According to Mr. Abram, "It feels good for this house to finally be a place that they can call HOME!”