To our longtime members this may come as no surprise, but we’re proud to report that Logix has topped the charts once again! Out of 300 credit unions over $1B, CreditUnions.com recently ranked Logix Federal Credit Union 4th in member feedback! How did we do it? Was it our tasteful lobby decor? Was it our adored robot mascot, Robix? Well, as with all of our victories, we accomplished this feat due to our members' ongoing loyalty and support.
At Logix, we partnered with GreenPath to keep you up to date on financial wellness, including keeping you aware of scams.
You can set yourself up to save in almost every area of your life, from food to shelter and transportation. Whatever your goals are for saving – from finding money in your budget to pay off debt, to building a fund for the next chapter of your life – “bonus” savings on things like your weekly trip to the grocery store can help you get there faster. These tips will help you find more money in your budget – starting with saving at the grocery store.
Individual Retirement Accounts (IRAs)
Thursday, April 01, 2021
An individual retirement account or IRA is an investment account that enables individuals to save for retirement. There are two types of IRAs: Traditional IRAs and Roth IRAs.
Each calendar year, you can contribute up to a maximum dollar amount. The annual contribution limit for 2019, 2020, and 2021 is $6,000 (or $7,000 if you're age 50 or older).
With the click of a button you can sign up for a subscription to stream music or your favorite T.V. series. It’s easy to be roped in by offers for gym memberships, grocery delivery, and box subscriptions.
These relatively “small” recurring costs can add up quickly. Many times, we’re unaware of exactly how much we end up spending on these subscription services—in fact, according to a Waterstone Management Group survey, 84% of us are underestimating our monthly tech spending.
Today is the day to take audit of what subscriptions you have, see how much you are spending, and evaluate which subscriptions you may be able to go without. For today’s challenge you will need the following:
Time: 10 min
Tools: Your phone and/or laptop
