Welcome to the Logix SmartLab

The Fun of Frugality: Gamifying saving to trick yourself into better financial decisions

Posted by Charles Haine on 7/5/2016

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Topics: money management, Saving, Consumerism, saving money, Investing, Compound Interest, Your Financial Life, Thoughts on Money

The Richest Man in Babylon - A book review by our CEO, Dave Styler

Posted by Logix CEO, Dave Styler on 6/30/2016

Our CEO’s column in our employee newsletter, Logix Out Loud, is always an enjoyable read. Usually it is filled with big happenings at Logix, ideas for providing great service, or insights about how the credit union is doing. This month, Dave used his column to tell our staff about one of his favorite books, “The Richest man in Babylon.” The financial advice in the book is timeless, and certainly worth sharing with our members. Here’s Dave’s post to our staff:

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Topics: money management, Mortgage, Saving, Financial Planning, Consumerism, Buying a Home, Credit Cards, saving money, Student Loans, Investing, Compound Interest, Your Financial Life, Thoughts on Money

Who wants to be a millionaire... when you retire?

Posted by Admin on 5/2/2016

 

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Topics: Saving, Investing, Compound Interest

A simple demonstration of the power of compound interest

Posted by Brad Blue on 4/21/2016

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Topics: Saving, Investing, Compound Interest

The Money Value of Time

Posted by Brad Blue on 2/12/2015


In my Finance 101 class, my teacher taught us about the time value of money, also known as “present discounted value.” The general concept is this: the money in your change jar is worth more today than it will be tomorrow because it has opportunity to earn that extra day of interest. The time value of money is, for example, why the government loves sending you a tax refund. They know that you’ve loaned them free money each month, so any interest they gained could have been yours.  

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Topics: money management, Saving, Financial Planning, saving money, Investing, Compound Interest, Your Financial Life, Thoughts on Money

Hi there! Come on in.

Feel free to peruse about. Here you’ll find stories, posts and tools aimed to assist you as you’re faced with daily to once-in-a-lifetime financial quandaries. This is your SmartLab (lab coat optional). We want you to get the most from our articles, and we welcome your ideas to help us continue to bring valuable content to you. Check out the comment section at the bottom of every post for easy ways to share feedback. We’re learning, too, and what better way to encourage smarter banking than to share tips and resources with each other? Not to mention, it’s a great chance for us to get to know each other!

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