Per the Federal Reserve Bank, employees will spend 20 hours a month on the job trying to resolve life’s financial problems at home. This stress can lead to a host of negative effects from loss in employee performance to increased healthcare cost.
RISE has been a steward of Memphis Housing Authority’s vision in transforming the landscape of Memphis. RISE continues to use its expertise in money management in helping people learn how to become financially stable and how to manage their household economies. RISE believes that each person served adds to the strength of a new Memphis.
In the Fall of 2016, RISE partnered with Urban Strategies Memphis HOPE to expose residents who were being transitioned out of their homes to financial education. As part of the Choice Neighborhoods Initiative, this neighborhoodis being rebuilt to revitalize South City, an older housing development neighborhood of Memphis. RISE held onsite trainings for those specific residents implementing our Common Cents curriculum. Common Cents provided participants with the tools they need to improve their personal financial lives which impacts not only the participants, but also their family members and employers.
Common Cents worked with these residents who were combating the stresses of moving so that they would be able to have the foresight to focus on financial wellbeing during this time of transition. Participant training included budgeting, goal setting, banking and best financial practices that residents can be armed with once they have received their new housing.
RISE Foundation has worked extensively with the Memphis Housing Authority and those organizations charged with managing the services provided to public housing residents to assist in bettering the landscape of Memphis throughout its 16-year history. Please consider contributing to help RISE continue establishing positive incentives and forging partnerships with all businesses to transform the shape of public housing and its residents.
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