Like most skills, financial responsibility must be learned and practiced... Money problems. Ugh. They not only stress our personal lives, they interfere with our working ones — which we can least afford to lose. The Federal Reserve Bank surveyed employed people nationwide and found that many carry a high level of financial distress: • 90% are dissatisfied with their personal financial situation • 75% are insecure about retirement • 67% have trouble paying their bills on time • 40% say financial stress affects their health Like most skills, financial responsibility must be learned and practiced, and if we weren't fortunate enough to grow up with financial-savvy adults to teach us how to do that, we don't have the tools we need to achieve and maintain Financial self-sufficiency. Rise up! The RISE Foundation's Common Cents is a workplace financial education program in which hourly and salaried employees alike take classes in basic personal financial management skills that include: • managing credit • goal-setting • budget development • making sound money choices • retirement Classes are held at work sites and offer flexible scheduling. Students receive workbooks, a financial resource guide, and supplemental Materials, and each participant receives quarterly follow-ups and some individual consultations after concluding the program. It's all geared toward helping people get on and stay on the right financial track. The RISE Foundation, a nonprofit organization that helps families build and sustain assets by making smarter choices with their money, began Common Cents in 2007. Since that time, more than 1,000 area employees have completed the curriculum — and started a new outlook on money. For more information, employers and HR professionals can call 507-6637 or visit risememphis.org.
Published by Downtowner Magazine. View All Articles.
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