2016’s Best and Worst Cities at Money Management

With only two in five adults saying they maintain a budget and keep close track of their spending and nearly one in four confessing to not paying their bills on time, the personal finance website WalletHub conducted an in-depth analysis of 2016’s Best & Worst Cities at Money Management. In order to identify where Americans are best at handling their personal finances, WalletHub’s analysts compared 2,570 cities based on eight key metrics. Cupertino, CA takes the top spot overall for cities whose residents have the best money-management skills. Boone, N.C., has the highest mortgage debt-to-income ratio and the highest car-loan debt-to-income ratio. You can also see where your city ranks at WalletHub report. (wallethub.com)