These states are the worst at budgeting, survey finds

WalletHub is out with a new report showing the states with the best and worst budgeters.

The survey found that one in five people admit they are not completely honest with themselves while creating a budget, raising concerns about how effectively households are tracking and controlling their spending.

In an effort to highlight where Americans excel at managing money—and where challenges remain—WalletHub conducted an analysis of all 50 states. The study evaluated 12 key financial metrics, including average credit scores, debt-to-income ratios, and foreclosure rates, to provide a comprehensive picture of budgeting habits nationwide.

What they're saying:

"Not having a budget sets you up for financial failure," WalletHub Analyst Chip Lubo said in an online statement . "If you don’t caref