Save Up Program

 
$310
$24,690
Raised
Remaining
Jun 23, 2014

A successful saver!

In 2012, we first met Brian, an unemployed father of a seven year old son.  He heard about the Building Assets for Fathers and Families (BAFF) program though Maximus, a partner agency.  As a non-custodial parent, he wanted to find a good paying job that would enable him to save money, pay his bills, and meet his child support obligation. 

His job search led him to a Maximus sponsored job fair, which he learned about at a BAFF workshop.  At the job fair, he was interviewed and hired on the spot to work for Maximus as an Establishment Caseworker. Once he became employed, he used the skills that he learned in the BAFF Program to manage his credit and create a realistic spending plan.     

In January of 2013, he enrolled in the Save Up Program.  As a Save Up participant, Brian became a focused and diligent saver, setting his sights on purchasing a vehicle.  He says that he is grateful for the opportunity to purchase reliable transportation, which is essential to realizing his dream of working in the IT field. 

On April 17, 2014, Brian purchased a beautiful 2007 Chrysler 300 Touring!  Now he is able to get to work, to see his son, and to get to class.  He is set to graduate with his Bachelor's degree in Information Science next year.

We are so glad that we could play a part in helping Brian to stabilize his family situation and to make better informed financial choices so that his family could prosper!

Mar 24, 2014

Whole families benefit from financial literacy!

Ms. Taylor, a divorced mother of four, entered the Save Up Program in March of 2013 with dreams of becoming a homeowner.  

Getting to the six weekly financial management workshops was a challenge for Ms. Taylor.  Her plate was full as a mother, a graduate student, and a full-time social services worker. In January 2014, she was able to purchase her home.

Ms. Taylor believes that being a part of the Save Up Program enhanced her life in many ways.

She says that Save Up has helped her to set financial goals.  She said, “I want to be sure that I take the knowledge that I have gained one step further by saving and investing my tax returns this year. I have been doing the research so I can make an informed decision on how to invest my money."

She has also shared with her children the importance of developing good spending and saving habits. She says, "I want them to grow up making financially sound decisions.”

 

Ms. Taylor was able to make her dream of homeownership a reality with the knowledge and skills that she acquired in the Save Up program!  

Dec 19, 2013

A new computer for Erica and her sons!

Erica and her sons
Erica and her sons

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!

Sep 12, 2013

A House Becoming a Home for the Abrams!

House that is now a Home for the Abrams
House that is now a Home for the Abrams

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!”

Jun 13, 2013

"RISE Save Up 6th Family Reunion"

Piggy Bank Decorations for the event
Piggy Bank Decorations for the event

The RISE Foundation Save Up program held the 6th Annual RISE Family Reunion on April 27, 2013. The event was held at the Pink Palace Museum from 5pm until 8pm. (The reunion is always held in a location with a cultural emphasis or where program participants may not have ever had an opportunity to visit.) Attendees were former RISE Save Up graduates, asset owners, and current Save Up program participants. Also in attendance were RISE staff, and RISE Board Members.

 Attendees were given the opportunity to explore the Pink Palace museum and view all of the current exhibits at their own pace. At the conclusion of the museum tour, attendees took a reunion photograph to show their support for RISE and the Save Up program.  After the photo, RISE had a catered dinner prepared for attendees that consisted of finger foods, sandwiches, veggies, and assorted beverages. Each table has a special “Chalkboard” Piggy Bank as the centerpiece with the words “Pay Yourself First” on it. Each attendee signed the piggy bank at their table as a testament that they pay themselves first and are serious about their savings.

 The board chair Mike Bruno made a short motivational speech to attendees, and RISE president Linda Williams also spoke to attendees about the RISE mission and the importance of saving and paying yourself first.

 The Save Up program coordinator then held a brief awards ceremony that recognized the firsts of RISE asset owners for the fiscal year. The categories were First Homeowner, First Computer, First Education, and First Vehicle Purchase. There were also awards given for the first RSVP and a Saver’s Perseverance award was given to Ms. Sandra Parson.

RISE 6th Annual Reunion Picture
RISE 6th Annual Reunion Picture
Ms. Parson receiving Award for Perservance
Ms. Parson receiving Award for Perservance

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Organization

Project Leader

Aimee Burnwatt

Memphis, Tennessee United States

Where is this project located?

Map of Save Up Program