State-by-state listing of how we’re doing saving money

|
State-by-state listing of how we’re doing saving money
Image Credit: https://www.flickr.com/photos/miran/
Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here.
Advertisement

The residents of states in America vary so much in the culture about how they handle money.

People have historically handled money well in states like Maine, Vermont, New Hampshire, and Massachusetts. New Englanders have always talked about how thrifty they are. People in Connecticut often call themselves ‘cheap Connecticut Yankees.’

There’s also a new frontier of states with people that handle money well. These states include Wyoming, North Dakota, Montana, and Minnesota. It’s that whole Canadian border thing going on!

Where are we stinking it up? Mississippi, Arkansas, Georgia, and Nevada get flat Fs in the latest tally in the 2013 Assets & Opportunity Scorecard.

If you look at those states, they’ve historically had a high level of bankruptcy filings. It is a culture that is based on borrowing. It’s not related to how the state’s economy is doing or the level of unemployment; it’s much more based on culture.

I’ve long said that it’s not about the money you make, but the money you save. So keep in mind some simple rules like never borrow for lifestyle and always put money aside for the future.

Advertisement
Clark Howard About the author: Clark Howard
Clark Howard is a consumer expert whose goal is to help you keep more of the money you make. His national radio show and website show you ways to put more money in your pocket, with advice you can trust.
View More Articles
  • Show Comments Hide Comments