It is often said that there is "too much month at the end of a paycheck." Without financial literacy, low-income families lack the skills needed to make the most of their monthly income.
Save Up teaches participants to create a budget based on their personal income and expenses and to establish bank accounts and purchase assets. After participants complete financial education classes, RISE helps them open a special savings account that requires them to deposit $25-$75 per month for six consecutive months. After six months of saving, RISE matches each dollar saved with two dollars, tripling participants' savings and making it possible to save a combined total of $3,000.
The entire community benefits when low-income families are able to rise above poverty. With the knowledge gained from Save Up, our program participants are able to purchase assets, further their education and launch small businesses. RISE equips its program participants with financial knowledge and skills that have a deeper, long-lasting impact. Save Up has helped more than 700 people purchase more than 7 million dollars in assets. With your support, we can serve more of our community!