The Save Up program helps low-income workers become self sufficient through financial literacy programs

Community Changers

MEMPHIS, Tenn. — “It made me feel wonderful because I never thought I was going to be able to do it being a single parent. It was something that made me smile because I was able to call something my own,” said Arieale Munson.

A graduate of the Save Up program, Munson recalls the moment she got the keys to her first home. That dream was made possible in part by the good people at the Rise Foundation, an organization that empowers low-income workers to become self sufficient through financial literacy programs. They provide tools and incentives to help families build assets and make better financial choices.

“A lot of us don’t grow up learning information related to financial literacy across the kitchen table. For those who don’t, we have to learn by trial and error,” explained Senior Program Manager Rob Lomax. “Our goal is to help people take those first steps toward economic empowerment.”

The Save Up program will match each dollar saved with $2, tripling the person’s savings.

“So in that program, you can save up to $1,000 and they’ll give you $2,000. So that’s $3,000 that can go towards a home, an asset,” explained Munson.

While you’re saving each month, you’re also attending financial education classes along with homebuyer education workshops, all free of charge.

“We don’t want people to have to dig themselves out of holes constantly,” said Lomax. “Taking someone from point A, B, C as far as knowing what to do and how to use their money, I think that Is far more powerful.”

When your financial knowledge spans generations, everyone can be successful. That’s why our anonymous donor wanted to give the Rise Foundation $1,000. They’re a true Community Changer.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Latest News

More News

Watch Latest Videos

Push for horseless carriages after scary incident

Memphis man teaches life-saving survival strategies

Residents fed up with monkey noises, racial slurs being played by neighboring home

Yale Ph.D. student coming up on $1 million in winnings in 27-day streak on Jeopardy!

Rochester police release video timeline of events leading to Daniel Prude encounter

RPD Timeline of events leading to Daniel Prude incident

More News