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Calibrate your emergency fund to a crisis-prone world

Calibrate your emergency fund to a crisis-prone world Hal M. Bundrick It took a pandemic to convince Americans to take saving money seriously. For years, Americans set aside 7%-8% of their income. In a knee-jerk reaction to COVID-19, people stashed cash at a historic level. According to the U.S. Bureau of Economic Analysis, in April 2020, the personal savings rate exploded to over 33%. That rush to fund emergency savings has ebbed since, but it’s still been about double the 30-year average in recent months. “The pandemic has certainly presented a whole new set of challenges, both financially, personally and professionally,” says Elliot J. Pepper, a certified public accountant and certified financial planner in Baltimore. The need for an emergency fund has become even more acute so that unexpected expenses aren’t rolled into costly credit card or consumer debt.

DeWitt s Holtz wins Michigan AP Division 3-4 Player of Year

By BRIAN CALLOWAYDecember 24, 2020 GMT Tyler Holtz knew what was at stake. The junior quarterback figured the DeWitt football program had an opportunity to put together another special season after back-to-back state semifinal appearances. Holtz was driven to be a factor in that success and take over as the starter under center this fall. Holtz simply did what has always come naturally and spent the offseason focused on turning himself into the best quarterback possible. And, it paid off because he was voted as player of the year by The Michigan Associated Press in Division 3-4 football. “I knew what I wanted to do this season and I knew the goals that our team had for this year,” Holtz said. “I kind of just had that mentality of you’ve got to work if you want to achieve those goals. We set our goals high. Those goals are going to take some work. I’m glad that I put in the work that I did and made some sacrifices that I made.”

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