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How To Set Up Savings Buckets In Ally BankYou can create up to 30 savings buckets within one account, each dedicated to a different goal, like a vacation overseas, a rainy day fund or a kitchen. We'll discuss seven common savings buckets below: emergency, rainy day, sinking, vacation, splurge, medical, and long-term. Bucketing is a smart way to manage your money without complicated budgets or spreadsheets. You set up multiple bank accounts called 'buckets' and use each one.