Last school year was super but RISE is proud to to see parents not only enrolling their youth in school on time but making sure that they are re-enrolled in the Goal Card program. Beginning school on time is important because teachers begin instruction on day one and RISE strongly believes that each day lost impacts on the students future academic achievement.
That's why RISE staff was available at all of the schools on registration day and the few students who did not show up for registration were contacted by Goal Card staff to find out if there were problems.
For the past 9 years RISE Goal Card students have out-performed their peers and based on registration and the first "Lunch and Learn" series, that began the last week in August, this year will be no different. The problem faced now is having more students wanting to enroll in the program and not enough money to add new youth.
Please remember that your support will allow more students to participate in this incentive program that encourages students to do their very best school work, attend school every day possible and maintain good conduct grades.
Ms. LaTonya purchased her first home in 2006 as a participant in the Save Up. Since then she has purchased a car, computer, made several home improvements and now her daughter is in college a year earlier than expected. Ms. LaTonya also went back to school and completed her undergraduate degree so that she could get a better position to support her family. When asked how she was able to do this, she shares that it was the financial literacy tools and skills that she gained in the Save Up program. She started saving only $25.00 a month and then 10% of her total income and now she proudly boasts that she is saving 15% of income each pay period and proudly admits that it has become a habit. She has shared the skills that she learned not only with her family members but also with her co-workers and who ever asks her "How are you able to do so much ?".
Ms. LaTonya convincingly shares that saving money is something that she things about first before making any type of purchase - from food, to cloths and major purchases. Credit is only used if absolutely necessary. So as you can see an investment in the Save Up program is an investment in helping families to make better choices for the rest of their lives.
When Ms. Tee entered the Save Up program in Memphis, Tennessee; she had been dependent on government housing subsidies for 13 years. She was tired of paying rent for something that could she could never call her own. She also wanted a nice place to raise her daughter, in a safe neighborhood. So, when she heard about the RISE-Save Up Program, she felt that this was "a blessing sent from heaven".
Ms. Tee attended the financial education classes offered by RISE, and immediately started saving $75 each month until she reached $1,000. This allowed her to receive $2,000 from RISE ( with the 2 for 1 match) to purchase that home that she had dreamed about for so long. While saving, she also attended a home buyers education class, as suggested by RISE; to prepare her for home ownership and to know the in's and out's of working with a realtor, mortgage company, etc. So when Ms. T looked at several houses, she knew the 3 bedroom, 2 bath home in East Memphis was going to be her forever home. As she looked at her spending plan, with the purchase of this home, her monthly housing costs would only increase $185 a month. She realized that she could afford this increase and still have enough to pay her self each month (save). She would move from being a recipient of services provided by taes to becoming a tax payer. No more government subsidies for her!
Ms. Tee is still employed full-time and continues to be careful with her budget and spending habits. She is also passing these skills on to her daughter so she can develop healthy financial habits and someday acquire her assets to pass on to her children.
Thank you for your support in helping us to help families like Ms. T, as we fulfill our mission of empowering people to become self-sufficient by building and sustaining human and financial assets.