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Q & A: How does a Mizzou star wide receiver handle his finances?

Managing money as a college student can be tough. Academic workloads, extracurricular activities, and part-time jobs often leave little time to learn about how to effectively manage finances. Award-winning Mizzou wide receiver Luther Burden III shares insights and answers some common questions related to balancing academics, athletics, and finances to encourage other students to take control of their financial future.

Q: What advice would you give your fans about making charitable donations?

Luther: Actually, Commerce Bank taught me a couple of things about that. I’d definitely say that if you're trying to find a cause to get behind, start by figuring out what you really care about. List the stuff that matters to you and why it's important. It could be anything from fighting a disease to supporting schools in your area. I’m proud to work with the Demetrious Johnson Foundation.

Commerce Bank tip: Visit websites like Charity Navigator, the Better Business Bureau's Wise Giving Alliance, and Charity Watch to find legit charities. Make donations using a credit card since it’s easier to recover funds if the charity turns out to be a scam.

Q: This past summer, you participated in our Drive Up Pups program. Can you tell us about your experience?

Luther: Ah, man — that was so much fun. Ghost, my dog, and I visited a Commerce drive-thru, and he received a treat. We even posted a pic of him with the treat in his mouth on Instagram. He looks forward to it every time (laugh).

Commerce Bank info: #DriveUpPups: Every July – September, Commerce Bank hosts a fun program for customers and their furry friends. For every drive-thru pup photo posted on Instagram using the hashtag #DriveUpPups and tagged @commercebank, Commerce Bank gives $10 to nearby animal charities.

Luther: Yeah — I think what you guys are doing is awesome!

Q: Last year, you opened your first credit card. What’s that been like?

Luther: It’s been great. My Commerce Bank Visa® credit card actually made me more aware of my spending habits.

Q: What do you mean?

Luther: Well, I get a monthly statement listing every purchase I made. So, even if I forget how often I used a food delivery service last month, my bank account won’t. I’m seeing how important it is to stick to a budget, even if you have a credit card.

Commerce Bank tip: Set an initial emergency savings goal equal to three months of living expenses.

Q: Looking ahead, what are some of your financial goals?

Luther: Hmmm. I’d say for sure to continue to give back to the community. Whether it’s time or money, I know that’s the kind of investment that changes people’s lives.

Q: As a student-athlete, staying healthy is a top priority. How can taking care of yourself help your financial health?

Luther: That’s a great question. Here’s what I think: Healthy habits equal fewer medical bills. Eating right, staying active, and managing stress keep you out of the doctor’s office. Being healthy also makes you more productive. You’ll have more energy to crush it in the classroom and on the field.

Q: Are you speaking from personal experience?

Luther: Oh, for sure. I wouldn’t have the energy to perform like I do if I wasn’t taking care of myself. I know it can be hard for people, but if at all possible, ditch the bad habits — you know, like smoking or heavy drinking. You'll save money and lock in lower life and health insurance premiums.

Real talk, prioritizing your health isn't just about feeling good — it's a smart money move!


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