SMARTLAB by Logix

Digital payment apps like Cash App, PayPal, and Venmo have gained immense popularity, but it's crucial to be aware of the risks involved in storing your funds on these platforms. Unlike traditional bank accounts, payment apps do not provide federal deposit insurance, leaving your money vulnerable in times of crisis. Recent incidents involving the collapse of banks like Silicon Valley Bank, Signature Bank, and First Republic Bank have highlighted the need to safeguard your funds.

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Stay alert to scams that use the IRS as a lure. Tax scams can happen any time of year, not just at tax time.

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Dear Valued Member,

I hope this message finds you and your loved ones in good health and spirits. It is always a joy to connect with you, even if it is through the medium of this letter. Our community at Logix is very special to me, and these moments of communication are a significant part of what makes our institution unique.

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Imagine you're at the annual Food Festival, and the highly anticipated award for "Best Pizza" is about to be announced. The crowd is buzzing with excitement, awaiting the results. The envelope is opened, and the winner is… a homemade lasagna! The audience is ecstatic, the lasagna basks in the spotlight, and the pizza contenders are left in disbelief.

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Since the onset of the pandemic and subsequent supply chain challenges, the auto industry has experienced three years of near-constant disruption. Luckily, supply chain woes are easing a bit, but rising interest rates and inflation are taking a huge toll on consumers. This is leading many who would otherwise be purchasing a new car or truck in 2023 to stay in their current vehicle for another year.  

If you want to extend the life of your vehicle, here are some helpful tips for keeping your ride in top shape until the market becomes more favorable for consumers.  

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