Common Cents

At a recent financial wellness and education fair hosted by area banking institutions in Memphis and open to all residents of Memphis and Shelby County, RISE discussed its available programs and what benefits we offer to assist employers in educating its workforce in credit repair and sustaining financial health.

Through the Common Cents Series area employers both large and small have an opportunity to educate their workforce over a weekly or monthly timeframe that allows employees to gather in groups offered in the workplace and discuss strategies to combat debt and repair credit using the RISE curriculum. 

The RiSE Foundation has successfully formulated a method of reciprecal instruction for the Common Cents program that empowers employers with an Employee Assistance Program (EAP) benefit that provides additional resources for  HR professionals and delivers strong ROI that the Common Cents series guarantees for their EAP utilization.    

RISE has historically proven that Common Cents works and is a valuable benefit for employers to offer their employees.  This much needed benefit of financial literacy awareness assists in various ways for employers, mainly increased productivity and decreased absenteeism because of less financial stress by employees utilizing work hours to address financial crises. Employees directly benefit by taking advantage of services offered on their job and with the support of their coworkers and managers.  

Many companies welcome a solution to their low EAP use, RISE shows them how they can boost their EAP participation through the Common Cents Series.  Although there are other programs available, there are few that address financial literacy with the same customization approach as Common Cents.   

The financial wellness and education fair was a huge sucess and the collaboration of local NPO, banking institutions and CDC groups proved that Memphis and its citizens are serious about improving the cities poverty rate and circumstances of our communities.  

To learn more about the RISE Common Cents Series or any of the programs that the RISE Foundatioin offers please visit our website at risememphis.org.  Your critical support helps RISE to serve low-income families with financial education and break the cycle of generational poverty in Memphis.