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University of Missouri Extension family financial education specialist Vivian Mason says homeowners who are getting an income tax refund have an opportunity to invest it wisely.
“Pay yourself first,” Mason recommends. She suggests that refund recipients set aside a portion of their refund in an emergency fund. “Life happens. Things happen,” she said. Even a small reserve for emergencies can bring peace of mind.
MU Extension has declared February “Missouri Saves Month” as part of Missouri Saves, ongoing program to help individuals and families save and build wealth. Missouri Saves is a part of the national America Saves campaign, which will observe America Saves Week, Feb. 25 through March 2.
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