Summary:

– Oklahoma ranks 48th nationally for budgeting , with 21% overspending.

– High credit card and loan delinquency worsen financial stability.

– Experts advise emergency funds and monthly planning for irregular expenses.

The U.S. Labor Department reports the annual inflation rate has grown steadily since April, reaching 2.9% for the 12 months ending in August. Meanwhile, economists expect inflation will keep climbing in the fourth quarter.

As the cost of living continues to rise, effective budgeting is essential to keep spending in line with income . However, many people struggle with creating and sticking to a budget.

More than 1 in 5 Oklahomans (21.4%) spend more than they make, according to a new report from WalletHub that ranks the state as the third worst when

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