Georgia Has 3rd Worst Budgeters in the Country • The Georgia Virtue

Georgians are terrible about tracking their money responsibly.

People in the Peach State rank third worst in the nation for budgeting, according to a recent analysis by the personal finance website WalletHub.

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The ranking follows an examination of the 50 states across 12 key metrics, ranging from the average credit score to debt-to-income ratios to foreclosure rates.

Source: WalletHub

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States With the Best & Worst Budgeters

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Overall Rank	State	Total Score	Spending & Debt Rank	Credit Rank	Savings Rank
1	Hawaii	78.81	1	31	1
2	Washington	77.98	3	3	3
3	Massachusetts	75.46	2	13	9
4	Rhode Island	74.43	4	17	8
5	Wisconsin	73.25	7	5	4
6	Minnesota	72.40	11	1	5
7	New Hampshire	71.73	9	6	7
8	California	69.66	6	21	18
9	Vermont	69.19	13	11	13
10	Connecticut	68.47	10	22	10
11	South Dakota	67.26	12	10	24
12	New Jersey	67.23	8	29	14
13	Oregon	67.22	21	4	11
14	Virginia	66.88	25	16	6
15	North Dakota	66.85	14	14	16
16	Nebraska	66.59	15	7	21
17	New York	66.57	5	36	28
18	Maine	65.60	23	9	17
19	Utah	65.55	26	8	12
20	Iowa	64.66	20	15	20
21	Wyoming	64.39	24	18	15
22	Colorado	64.04	22	12	25
23	Montana	63.52	18	20	23
24	Delaware	62.77	31	38	2
25	Alaska	62.61	16	19	30
26	Pennsylvania	62.16	19	26	26
27	Kansas	61.43	17	23	33
28	Idaho	59.33	29	2	32
29	Illinois	57.71	30	24	29
30	Maryland	56.98	33	32	22
31	Michigan	55.75	27	25	38
32	Arizona	54.37	34	33	27
33	Missouri	52.57	28	30	46
34	North Carolina	51.74	37	34	36
35	Ohio	50.17	40	27	35
36	West Virginia	49.99	32	40	44
37	Florida	49.86	44	42	19
38	Texas	49.71	39	44	31
39	Kentucky	48.74	36	37	42
40	Indiana	48.72	38	35	40
41	Nevada	47.43	42	41	34
42	New Mexico	46.49	35	39	48
43	Tennessee	46.23	41	28	45
44	South Carolina	44.71	47	43	37
45	Arkansas	42.30	46	48	39
46	Alabama	41.37	49	47	41
47	Oklahoma	41.19	45	46	47
48	Georgia	41.03	48	45	43
49	Louisiana	37.70	43	49	49
50	Mississippi	25.45	50	50	50

Note: With the exception of “Total Score,” the columns in the table above depict the relative rank of each state, where a rank of 1 represents the best conditions for that category.

Budgeters in Georgia (1=Best; 25=Avg.)

Overall Rank: 48^th
44^th – Average Credit Score
48^th – Non-Mortgage Debt as a Percentage of Income
35^th – Foreclosure Rate
42^nd – Credit Utilization Percentage
25^th – Housing Expenses as a Percentage of Median Home Price
31^st – Percentage of Total Non-Housing Expenses to Median Income

Read about the methodology and more in depth analysis here.

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States With the Best & Worst Budgeters

The Georgia Virtue

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