Saving

College, Saving

Is it Too Late to Save for College?

Photo of author Logix Financial Services

/ May 29, 2025

Preparing for a child's college education can often be daunting, and many families wonder if they have waited too long to begin saving— an understandably common concern given that college students and their families pay 48 percent of college costs out-of-pocket. However, even if you have only recently started thinking about saving for college, there are several approaches that may prove to be beneficial.

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Financial Wellness, Investing and Financial Planning, Saving

Pay Yourself First

Photo of author Logix Financial Services

/ September 9, 2022

Each month, you settle down to pay bills. You pay your mortgage lender. You pay the electric company. You pay the trash collector. But do you pay yourself? One of the most basic tenets of sound investing involves the simple habit of “paying yourself first” – in other words, making your first payment of each month a deposit into your savings account. The saving patterns of Americans vary widely. And too often, short-term economic trends can interrupt long-term savings programs. For example, the U.S. Personal Savings Rate jumped from 3.5% to nearly 8% in May 2008 during the housing and banking crisis. It then rose and fell sporadically as the economic environment appeared to stabilize. It peaked in December 2012 at 12%. As of 2021, the average rate has once again varied widely between about 15% to 28%, largely due to the COVID-19 pandemic.1

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The financial consultants of Logix Financial Services are registered representatives with, and Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Logix Federal Credit Union (LFCU) and Logix Financial Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using the name Logix Financial Services, and may also be employees of LFCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of LFCU or Logix Financial Services. Securities and insurance offered through LPL or its affiliates are:

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Not Credit Union Deposits or ObligationsMay Lose Value

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