You can use PaintShop to create logos so no need to be buying Photoshop.
If you aren't intending to create graphics commercially it would be a waste of money.
Have you looked at GIMP or Inkscape
In fact using PhotoShop to create logos is really using the wrong tool.
Photoshop is an image editor designed for manipulating photographs. The Vector drawing tool for creating images from scratch is Illustrator and Inkscape is equal to Illustrator in most ways
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