Practice Quiz

Financial Planner

Category - General Principles of Financial Planning

Start a Study Session Sign up for Question of the Day
What type of savings strategy focuses on realistic and agreed upon family behavior?
  1. Saving-first Approach
  2. Self-rewarding Plan
  3. Realistic Behavior Approach
  4. Goal Setting
Explanation
Answer: D - Goal setting is a type of savings strategy that focuses on realistic and agreed upon family behavior. Self-rewarding plans reward families if they save beyond the set goal amount. Often this approach is combined with self-rewarding plans that allow a family to send any extra savings beyond the goal on themselves.
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz