Monday, November 3, 2025

Lisa Morgan

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  • in reply to: How much emergency fund is enough in today’s economy? #1064
    Lisa Morgan
    Participant

    In today’s unpredictable economy, aim to save 3-6 months’ worth of living expenses for an emergency fund. This covers essentials like rent, utilities, and food if income is disrupted. Adjust based on job stability and dependents, freelancers or single parents may need closer to 9 months. Start small, automate savings, and build gradually for peace of mind.

    in reply to: Debt avalanche vs. debt snowball: Which works better? #1015
    Lisa Morgan
    Participant

    Both methods work—it really depends on your personality and goals. The avalanche saves more money long-term by tackling high-interest debt first.
    whereas the snowball builds momentum by knocking out small balances quickly. If you need motivation, snowball often feels better. If you want efficiency, avalanche usually wins.

    in reply to: How to invest in international markets #1014
    Lisa Morgan
    Participant

    I started looking into international investing a while back and found a few practical options. The simplest way is through ETFs or mutual funds that track global or regional markets. Some brokers also let you buy foreign stocks directly, though fees and taxes can get tricky. Another route is investing in companies with big international exposure, even if they’re listed locally. It really comes down to your goals—diversification, growth, or currency hedge.

    in reply to: Best ways to legally reduce your tax bill #1013
    Lisa Morgan
    Participant

    One of the best ways is to take full advantage of tax deductions and credits you qualify for. Contributing to retirement accounts or pension funds can also lower taxable income. If you run a business, keeping track of all allowable expenses really helps. Investing in tax-advantaged accounts or government bonds can make a difference too. And of course, consulting a tax professional ensures you don’t miss anything.

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