Washington Ranks High In Budgeting Skills For Families

How do you feel about budgeting?

Maybe you have a large financial purchase coming up and you need to make sure you can still live while saving up.

Or maybe you have a new child on the way and need to make sure you can accommodate the new addition along with paying the bills on time and all that?
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Or, perhaps, you're living paycheck to paycheck and need to make sure you can do what you need to do while treating yourself every once in a while. That's always nice.

Financial website Wallet Hub ranked every state on how well they can budget.

Washington State Ranks 2nd place of all states in the United States.

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Do you feel this is accurate?

Plenty of criteria went into this list including spending and debt rank, credit rank, and savings rank.
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The only state doing better than Washington State is the state of Hawaii.

Here are a few more stats about Washington State being second place for best budgeters in the United States.

Washington State is 3rd for non-mortgage debt as a percentage of income.
Washington State is 5th for housing expenses as a percentage of median home price.
Washington State is 5th for average credit score.
Washington State is 8th for percentage of total non-housing expenses to median income.

The bottom three states for budgets would be Mississippi in last place, followed by Louisiana and Oklahoma.

Read more on Wallet Hub.