About one in four people overspend during the holidays, a survey of 2,000 Americans found. 56% feel pressure to spend, and 19% blame social media and pop culture for this pressure. Common money wounds include low self-esteem due to financial situations (26%), compulsive overspending (21%), and shame arising from past mistakes (21%). Almost two-thirds of participants are trying to remember the phrase “money and spending don’t equal happiness” this holiday season. “The financial pressures of the holiday season can amplify money wounds, but by addressing these challenges head-on, we aim to empower people to break free from debt and build the lives they deserve,” Lou Antonelli of Beyond Finance said. (swnsdigital)
Phone Topic: Do you keep to a budget during the holiday season?