Core Points - The New York state budget for 2025-2026 introduces inflation refund checks for over 8 million residents, with eligible individuals set to receive up to $400 [1] - The checks will be mailed out starting at the end of September, and eligibility is based on income reported on the 2023 New York State Income Tax Return [1] Financial Management Recommendations - It is advised to place 50% of the inflation refund check in a high-yield savings account earning approximately 4% interest annually, which could yield about $40 for every $1,000 saved [3] - Establishing or enhancing an emergency fund is recommended, with an ideal amount being equivalent to three to six months of essential expenses [4][5] - Using the refund check wisely for long-term financial security rather than immediate spending is emphasized, especially in light of inflation and rising costs [6]