What Is the Bucket Approach

question 9

Multiple Choice

What is the bucket approach?

• A)A strategy whereby savings take place one fixed calendar date every several months.The large amount placed into savings at this time is the "bucket."
• B)A strategy where separate savings accounts are created for each need.Each account is a separate "bucket."
• C)The mistake some people make whereby they only save when large cash flows are received,similar to dipping a bucket into a river.
• D)Both a and b above.
• E)None of the above.

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