WalletHub recently conducted a study focusing on which cities had residents with the best and worst money management skills. They looked at 16 factors, including average credit scores, number of bank accounts per household, foreclosure rates, non-mortgage debt, etc. The top five metro areas with the best budgeters were: 1) Fargo, ND, 2), Sioux Falls, SD, 3) Rochester, MN, 4) Minneapolis, MN, and 5) Boston, MA. The bottom five metro areas that had the worst budgeters were: 1) Jackson, MS, 2) Albany, GA, 3) Las Vegas NV, 4) Gulfport, MS, and 5) Columbus, GA.
To view the full article and see where your area ranks, go to: http://wallethub.com/edu/best-worst-metro-areas-for-budgeters/7666/
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