RISE Memphis- SAVE UP PROGRAM INFORMATIONAL SESSION

Save Up, RISE Memphis’s matched-savings account program, is designed to help low-to-moderate wage earners learn to manage their income; improve their credit; save money; purchase assets such as homes, computers and post-secondary education; and even establish their own micro-enterprises.

RISE teaches participants to create a budget based on their personal income and expenses and to establish safe and affordable 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-$100 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.